We recently published a list of 12 Best Quantum Computing Stocks to Invest in Now. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other best quantum computing stocks to invest in now.
When AI first gained widespread attention a few years ago, much of the conversation focused on its potential to boost productivity, streamline data analysis, and improve efficiency within businesses. While AI has certainly made an impact in those areas, its capabilities extend far beyond.
Lesser-known but equally important applications of AI include optimizing drug development processes, detecting financial fraud, and strengthening cybersecurity systems. However, achieving significant breakthroughs in these complex fields will require more advanced AI systems. That’s where quantum computing enters the picture. Although quantum technology hasn’t yet been fully integrated with AI, its potential to unlock new levels of performance and problem-solving is immense, offering a powerful future synergy between the two fields.
Quantum computing is a new type of computing that uses the strange rules of quantum physics to solve really hard problems. Unlike regular computers that use bits (which are either 0 or 1), quantum computers use qubits (quantum bits), which can be both 0 and 1 at the same time. This lets them handle a lot more information at once. Qubits can also be linked together in a special way called entanglement, which makes them even more powerful. Although today’s quantum computers are still early and not perfect, they’re improving fast and could one day change fields like medicine, finance, and cybersecurity.
In a recent CNBC interview, Executive Chair & Chairman of the Board of IonQ, provided insights into the company’s strategy and vision for the future of quantum computing and its integration with artificial intelligence. Chapman explains that the company uses a unique approach to building quantum computers based on trapped-ion technology, which offers greater stability and scalability than other quantum systems. This method allows for more precise control over qubits, which is essential for solving complex computational problems currently beyond classical computers’ reach.
Quantum Computing Can Enhance AI Capabilities
Chapman discusses how quantum computing can significantly enhance AI capabilities. Traditional AI algorithms, especially those involving large datasets and intricate optimization challenges, are limited by the processing power of classical systems. Quantum computers, however, have the potential to process exponentially larger datasets and perform calculations that would otherwise take years. This could lead to breakthroughs in areas like drug discovery, supply chain optimization, and financial modeling. The former CEO also highlighted the company’s focus on practical applications rather than just theoretical advancement. The company is actively developing quantum algorithms specifically designed to complement AI models, and it is working with major tech firms and research institutions to accelerate real-world adoption. Chapman envisions a future where quantum computing becomes a critical tool for AI development, enabling smarter, faster, and more efficient solutions across industries.
Our Methodology
To compile the list of 12 Best Quantum Computing Stocks to Invest in Now, we conducted thorough research, analyzing multiple financial media reports and industry reports. Starting with an initial list of 20 companies, we narrowed it down by choosing pure-play quantum computing stocks that are popular among elite hedge funds. The final selection is ranked in ascending order of their hedge fund sentiment, as of Q4 2024.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A modern computer datacenter, running an advanced quantum computer system.
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.
Overall, QBTS ranks 9th on our list of best quantum computing stocks to invest in now. While we acknowledge the growth potential of QBTS our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.