Is D-Wave Quantum Inc. (QBTS) the Best Quantum Computing Stock to Invest in Now?
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.
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