5 Best Quantum Computing Stocks to Invest In According to Hedge Funds

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

Number of Hedge Fund Holders: 26

On Jun 2, 2026, B. Riley raised its price target on D-Wave Quantum Inc. (NYSE:QBTS) to $40 from $36. The analyst maintained a “Buy” rating on the shares. The firm said the update extended the gate-model roadmap from 2026 to 2028 and “crystallized” error correction metrics as key benchmarks. The firm also noted that the company’s growth could approach five-times competitor rates, backed up by “encouraging commercial takeaways” and recent stock appreciation.

On May 21, 2026, D-Wave Quantum Inc. (NYSE:QBTS) announced a Letter of Intent with the US Department of Commerce for $100 million in proposed CHIPS and Science Act funding. This would support its superconducting annealing and gate-model technologies. The company said the agreement, subject to final award documents, would include issuing $100 million in common stock to the Department of Commerce.

CEO Dr Alan Baratz said the proposed funding would speed up scaling of quantum innovation and fabrication processes and called it a transformative moment for the firm and the quantum sector.

D-Wave Quantum Inc. (NYSE:QBTS) develops and engages in the delivery of quantum computing systems, software, and services. It provides professional services, including customer assistance in identifying and using quantum-computing applications.