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D-Wave Quantum Inc. (QBTS) experienced a significant stock surge on December 22, 2025, climbing 14.39% to $30.68 as of 10:31 AM EST. The rally followed the company’s announcement that it will showcase its commercial quantum computing technology at CES 2026 in Las Vegas.

As the world’s first commercial supplier of quantum computers, D-Wave is positioning itself at the forefront of the quantum computing revolution, with Wall Street analysts highlighting growing customer adoption and the technology’s practical applications across multiple industries.

CES 2026 Showcase: Quantum Computing Goes Mainstream
 

D-Wave will sponsor the CES Foundry, a two-day event at the Fontainebleau Las Vegas on January 7-8, 2026, bringing quantum computing to one of the world’s most influential technology stages. Murray Thom, vice president of quantum technology evangelism at D-Wave, will present a masterclass demonstrating how the company’s energy-efficient quantum computers are solving complex problems in manufacturing, supply chain, materials science, and telecommunications.

The session will explore the synergy between quantum computing, AI, and blockchain technologies, marking what Thom calls “a pivotal time” for technological integration.

The company emphasizes that its quantum systems are delivering value today, not just promising future capabilities. With over 200 million problems submitted to D-Wave’s quantum systems to date, more than 100 organizations are already applying the technology to real-world optimization and artificial intelligence challenges.

D-Wave’s quantum computers feature sub-second response times and can be deployed on-premises or accessed through its cloud service, which boasts 99.9% availability. This practical approach differentiates D-Wave in a market where many quantum computing companies are still focused on research and development.

D-Wave Stock Outperforms Market Following CES Update
 

As of 10:31 AM EST on December 22, 2025, QBTS traded at $30.68, up $3.86 or 14.39%, significantly outperforming the broader tech sector’s 0.49% gain. The stock has demonstrated remarkable momentum throughout 2025, with year-to-date returns of 267.51% and one-year returns of 379.36%.

The company’s market capitalization stands at $11.021 billion, with analysts setting an average price target of $38.75, suggesting potential upside from current levels. The stock’s 52-week range spans from $3.74 to $46.75, reflecting the volatility typical of emerging technology sectors.

D-Wave’s recent performance has attracted significant Wall Street attention, with Wedbush initiating coverage on December 17, 2025, with an “Outperform” rating and a $35 price target. The company currently has 14 analysts covering the stock, with the majority rating it as a “Buy” or “Strong Buy.”

Despite posting negative earnings per share of -$1.44 (TTM) and quarterly losses of $18.13 million against revenues of $3.74 million in Q3 FY25, investors are betting on the company’s long-term potential as quantum computing moves from laboratory curiosity to commercial reality. The formation of a new U.S. Government Business Unit further signals D-Wave’s strategic positioning in what could become a critical national security and infrastructure technology sector.

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