10 Best Performing Quantum Computing Stocks in 2025

Page 9 of 9

1. D-Wave Quantum Inc. (NYSE:QBTS)

Number of Hedge Fund Holders: 28

Year-to-Date Performance: 186.37%

D-Wave Quantum Inc. (NYSE:QBTS) is among the Best Performing Quantum Computing Stocks in 2025. D-Wave Quantum Inc. (NYSE:QBTS) rose more than 17% following the announcement to participate and showcase its quantum technology at CES 2026 on December 22. The gains were short-lived, and the share price closed at $25.29 at market close on December 26.

Management noted that as the sponsors of the CES Foundry, the company will attend the two-day event at Fontainebleau Las Vegas from January 7 to January 8. The company noted that they plan to showcase its award-winning annealing quantum computing technology. Moreover, the company also plans to showcase its hybrid quantum-classical solvers and real-world customer use cases that are demonstrating measurable performance benefits.

That said, Wall Street is bullish on the stock. Recently, on December 17, Antoine Legault from Wedbush initiated a Buy rating on the stock with a $35 price target. Earlier on December 15, Kevin Garrigan from Jefferies also initiated a Buy rating on D-Wave Quantum Inc. (NYSE:QBTS) with a $45 price target.

Analysts at Wedbush noted that quantum technology is still in a nascent stage. However, the firm sees it as a transformational technology with significant long-term potential. The firm added that quantum computing will be the next frontier of computing.

Wedbush believes that spending on quantum technology is expected to increase throughout 2030 as the technology matures. The firm added that they expect quantum stocks to benefit from the shift from research to commercial application, as it is expected to accelerate revenue growth over time.

D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services, specializing in annealing quantum computers designed for business applications.

While we acknowledge the potential of QBTS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QBTS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9