12 Best Quantum Computing Stocks to Invest in Now

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

Number of Hedge Fund Holders: 15

D-Wave Quantum Inc. (NYSE:QBTS), a pioneer in quantum computing for over 25 years, leads the industry in commercial-grade annealing quantum solutions. It was the first to launch commercial systems, achieve quantum supremacy on a real-world problem, and run production quantum applications. Its Advantage2™ system shows significant performance gains, and its quantum-AI initiatives aim to boost customer ROI. D-Wave’s full-stack offerings, cloud access, and continued innovation in both annealing and gate-model systems position it at the forefront of enterprise quantum computing adoption.

D-Wave Quantum Inc. (NYSE:QBTS) reported a strong Q1 for fiscal 2025, with record revenue of $15 million, compared to $2.46 million in Q1 2024, driven by the first Advantage2 system sale. The company achieved key milestones, including a landmark quantum supremacy demonstration, advancements in Advantage2 performance, and enhancements in hybrid solvers and quantum AI tools. With a robust $304 million cash position, expanding customer base, and new production deployments, D-Wave continues to lead in enterprise quantum computing. The quarter also marked the lowest net loss since going public in 2022.

The company emphasized that Davidson is a strategic partner focused on developing defense and security applications using its quantum system. It also highlighted its leadership in cryogenic control and error mitigation for annealing quantum systems. System sales are gaining traction, especially in blockchain and AI, which favor owning hardware. Meanwhile, US government interest remains limited due to a gate-model bias, though D-Wave is optimistic this may change. The company also made strong progress on commercial engagement, technical milestones, and revenue per customer.