10 Stocks That Could Double Over the Next 2 Years

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

Market Capitalization: $9.15 billion

On June 1, Roth Capital raised its price target on D-Wave Quantum Inc. (NYSE:QBTS) to $40 from $30 while maintaining a Buy rating on the shares. The firm highlighted strong investor engagement at the company’s first analyst day, noting that management expressed high confidence in D-Wave’s competitive positioning within the quantum computing sector. According to Roth Capital, the company emphasized its differentiation through real-world enterprise adoption and hardware deployments that demonstrate measurable commercial value. The analyst added that D-Wave’s focus on delivering practical customer outcomes continues to distinguish it from peers in the emerging quantum computing industry, supporting a more optimistic long-term outlook.

Earlier that same day, D-Wave Quantum Inc. (NYSE:QBTS) announced a new gate-model roadmap aimed at advancing the development of fault-tolerant quantum computing systems. The company outlined a target of 100 logical qubits capable of performing more than one million operations by 2032, combining its expertise in dual-rail qubits, quantum error correction, and superconducting system design. This roadmap reflects D-Wave’s broader strategy of scaling its technology toward commercially viable, large-scale quantum computing applications.

D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing company headquartered in Boca Raton, Florida, and founded in 1999. The company develops both quantum annealing and gate-model systems designed to solve complex optimization and machine learning problems across industries such as logistics, finance, and artificial intelligence.