Is D-Wave Quantum One of the Best Quantum Computing Stocks to Buy Now?
Key Points
D-Wave Quantum's stock is up over 1,700% in the past 12 months.
D-Wave Quantum has commercially available products, while many competitors are still in the research phase.
- 10 stocks we like better than D-Wave Quantum ›
Quantum computing is receiving increasing attention as the next major technological advancement. Even the U.S. government is considering taking equity stakes in American quantum computing companies to ensure it remains at the forefront of the technology. One company that has received a lot of attention is D-Wave Quantum (NYSE: QBTS).
Up around 1,700% in the past 12 months and 200% this year through Nov. 10, D-Wave Quantum has reached the radar of many potential investors. However, is it one of the best quantum computing stocks to buy now?
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »
Image source: Getty Images.
One reason D-Wave Quantum is one of the best quantum computing stocks right now is that it has commercially available products and services, whereas many other companies are still in the research phase. It offers developer software tools, hardware systems, cloud services, and a handful of other solutions that can be used today.
One area of caution, however, is that its financials are still trying to find their footing. In the third quarter, it generated $3.7 million in revenue (up 100% from the year-ago period), but its net losses came in at $140 million. This isn't inherently a problem, as many hypergrowth companies operate at a loss, but the stock's valuation does leave little room for error.
At the time of this writing, D-Wave Quantum is trading at a price-to-sales (P/S) ratio of around 354. For perspective, high-growth company Nvidia has a P/S ratio just below 30, and its business is much more mature and growing at a faster pace. That said, if you're looking for a pure-play quantum computing stock, then D-Wave Quantum is one of your best options.
Should you invest $1,000 in D-Wave Quantum right now?
Before you buy stock in D-Wave Quantum, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and D-Wave Quantum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $594,786!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,143,832!*
Now, it’s worth noting Stock Advisor’s total average return is 1,021% — a market-crushing outperformance compared to 190% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of November 17, 2025
Stefon Walters has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Recommended Articles
