QBTS Notice of Investigation: D-Wave Quantum Inc. Investors are Encouraged to Contact KTMC Law Firm
Kessler Topaz Meltzer & Check, LLP is investigating D-Wave Quantum Inc. (NASDAQ: QBTS) for potential violations of federal securities laws after the company reported disappointing Q2 2026 financial results, missing analyst expectations, and announced the resignation of its CFO. Following these events, D-Wave's stock price fell over 9% on two separate occasions in August 2026. Investors who suffered losses are encouraged to contact KTMC to discuss their legal rights.
Did Gate Model Beta Just Shift D Wave Quantum's (QBTS) Investment Narrative?
D-Wave Quantum's new gate-model quantum computing simulator beta and partnership with CGI Inc. signal a shift towards real-world, large-scale quantum workload deployment. This development strengthens the investment thesis that D-Wave can convert proofs-of-concept into recurring revenue, with significant projected revenue growth and a move to profitability by 2029. However, risks remain if beta users don't find operational benefits or if pilot programs fail to scale into repeatable contracts.
D-Wave Quantum Inc. (NASDAQ:QBTS) Stock Has Average Price Target of $36.27
D-Wave Quantum Inc. (NASDAQ:QBTS) has an average "Moderate Buy" rating from sixteen brokerages, with an average 12-month price target of $36.27. Despite this, the stock opened at $15.77, significantly below its one-year high, and the company missed analyst expectations for its latest quarterly earnings and revenue. Institutional investors own 42.47% of the stock, while insiders, including a vice president who recently sold shares, own 1.30%.
Better Quantum Computing Stock: IonQ vs. D-Wave
This article compares IonQ and D-Wave Quantum, two pure-play quantum computing stocks, highlighting their potential and risks. While both companies are far from profitability and carry significant risks, IonQ is recommended as the safer buy due to its trapped-ion quantum system, partnership with Nvidia, and a lower price-to-sales ratio compared to D-Wave Quantum.
D-Wave (QBTS) Launches Gate-Model Quantum Simulator as Hardware Roadmap Advances
D-Wave Quantum Inc. (QBTS) has launched a beta program for its gate-model quantum computing simulator, providing early access to select customers as it progresses towards future gate-model systems. The simulator incorporates D-Wave's dual-rail superconducting architecture, designed to detect errors and improve quantum error correction efficiency. This initiative marks a significant step in D-Wave's hardware roadmap, demonstrating technical progress and customer interest in its gate-model technology.
D-Wave opens quantum computing gate-model simulator beta program
D-Wave Quantum Inc. has launched a beta program for its gate-model quantum computing simulator, allowing customers to test error-aware programs. This simulator utilizes D-Wave's dual-rail superconducting gate-model technology, designed for error detection and correction to enable more efficient hardware scaling. The initiative is a significant step towards advancing fault-tolerant gate-model quantum computing and includes participants like Banco Bilbao Vizcaya Argentaria S.A. and Florida Atlantic University.
One Year Later, Only One Quantum Stock Call Paid Off. Here’s What Changed.
A year after making quantum computing stock predictions, only the "Sell" call on D-Wave Quantum proved accurate, while the "Buy" call on IonQ failed. This article revisits the three key quantum names—IonQ, D-Wave, and Rigetti Computing—and provides updated ratings based on recent financial performance. IonQ now earns a "Buy" due to significant revenue growth, while D-Wave and Rigetti Computing remain "Sells" until they demonstrate clearer progress in shipping systems and achieving quantum advantage, respectively.
NASDAQ: QBTS Investigation Alert: D-Wave Quantum Inc. Investors are Encouraged to Contact KTMC Law Firm
Kessler Topaz Meltzer & Check, LLP (KTMC) is investigating D-Wave Quantum Inc. (NASDAQ: QBTS) for potential violations of federal securities laws after the company reported disappointing Q2 2026 financial results, missing analyst expectations, and its CFO resigned. Following these announcements, D-Wave's stock price dropped significantly. Investors who experienced losses are encouraged to contact KTMC to discuss their legal rights.
D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 2.1% - Should You Sell?
D-Wave Quantum (NASDAQ:QBTS) saw its shares drop 2.1% to $16.43 in midday trading, with trading volume significantly below average. Despite this, analysts maintain a "Moderate Buy" rating with an average price target of $36.27. The company recently missed earnings and revenue estimates, and analysts anticipate a full-year loss of $0.46 per share.
What's Going On With D-Wave Quantum Stock Tuesday?
D-Wave Quantum stock is experiencing a slight decline on Tuesday, continuing a recent downward trend. This comes despite significant commercial milestones in September, such as a $100 million federal CHIPS award and a partnership with CGI. However, a recent change in executive leadership, with the former CFO's resignation and an acting CFO's appointment, is likely impacting investor sentiment.
What's Going On With D-Wave Quantum Stock Tuesday?
Shares of D-Wave Quantum Inc. (QBTS) are trading marginally lower on Tuesday, extending recent downside momentum. This follows a month of significant commercial milestones, including a $100 million federal funding agreement under the CHIPS and Science Act and a partnership with CGI, despite a recent executive transition with the resignation of the former CFO.
Top 3 Quantum Computing Stocks To Watch In September 2026
This article identifies three quantum computing stocks to watch in September 2026: D-Wave Quantum (QBTS), Quantinuum (QNT), and Infleqtion (INFQ). These companies are highlighted for their advancements in quantum hardware, software, and real-world applications, attracting capital in the high-potential quantum computing sector. The article provides an overview of each company's operations, market cap, and key strategic developments, noting that the full screener includes many more opportunities.
D-Wave Shows Both Annealing And Gate-model Quantum Systems At Congress
D-Wave Quantum Inc. is showcasing its dual-platform strategy at Quantum World Congress 2026, presenting both its annealing systems for current optimization problems and its gate-model architecture for future fault-tolerant quantum computing. The company's chief science officer, Robert Schoelkopf, will emphasize that a single-architecture approach and qubit count alone are insufficient for practical quantum utility. D-Wave will also highlight recent funding and partnerships, advocating for a strategy that balances immediate applications with long-term research and development to strengthen U.S. leadership in quantum technology.
Who’s News: Strategic Appointments at D-Wave Quantum, Oxford Quantum Circuits, and Bifrost Electronics
D-Wave Quantum, Oxford Quantum Circuits, and Bifrost Electronics have announced strategic appointments to their leadership teams. D-Wave Quantum appointed Bernard Gavgani to its Board of Directors, OQC named Simon Phillips as Chief Product Officer, and Bifrost Electronics appointed Doug Campbell as its new CEO. These changes aim to strengthen technology infrastructure, drive product strategy, and commercialize quantum hardware.
What's Happening With D-Wave Quantum Stock Friday?
D-Wave Quantum Inc. (NASDAQ: QBTS) shares are trading marginally lower Friday morning despite recent positive developments. These include a new strategic partnership with CGI, showcasing their quantum roadmap at Quantum World Congress 2026, and securing up to $100 million in federal funding to accelerate U.S. quantum manufacturing.
D-Wave Quantum and CGI Partner to Bring Advantage2 to Enterprise Clients
D-Wave Quantum Inc. (QBTS) has partnered with CGI Inc. (GIB) to bring D-Wave’s Advantage2 quantum computer and hybrid optimization tools to enterprise clients. This collaboration aims to help companies in logistics, transportation, and retail test and deploy quantum computing applications. Despite the strategic partnership, QBTS shares experienced a drop, though analysts maintain a Strong Buy consensus with significant upside potential.
D-Wave Quantum (QBTS) grants its acting CFO stock units that vest quarterly over one year
D-Wave Quantum Inc.'s (QBTS) acting CFO, Gregory Golkov, received a grant of 27,081 restricted stock units (RSUs) on September 17, 2026. These RSUs will vest quarterly over one year, beginning December 2, 2026, with a provision for immediate vesting of any unvested units upon the new CFO's employment start date, subject to continued service. Additionally, 1,132 shares were withheld for tax purposes related to RSU vesting on September 15, 2026.
IonQ Rises 4% as Post-Breakthrough Buying Continues; D-Wave Quantum Gains 3%, Rigetti Adds 2%
IonQ, D-Wave Quantum, and Rigetti Computing stocks saw gains of 4%, 3%, and 2% respectively, extending a rebound in quantum computing stocks. This surge is attributed to recent technical breakthroughs, particularly IonQ's demonstration of a real-time quantum error correction decoder and its planned deployment of the Superion 256 system at NVIDIA's Accelerated Quantum Research Center. While these advancements strengthen the technical narrative, commercial revenue from Superion 256 is not expected until 2027, highlighting a distinction between technological progress and immediate commercial adoption for investors.
CGI and D-Wave Partner to Commercialize Enterprise Quantum Optimization Across Transportation, Logistics, and Retail
CGI Inc. and D-Wave Quantum Inc. have formed a strategic partnership to commercialize quantum optimization solutions for enterprise organizations. This collaboration integrates D-Wave's quantum hardware and services into CGI's global IT portfolio, focusing on developing production-grade quantum applications for complex challenges in supply chain, transportation, retail, and energy operations. The initiative aims to help clients transition from proof-of-concept to full deployment of hybrid quantum-classical solvers to enhance operational workflows.
QBTS Stock Drops 4.3% as D-Wave Discloses $550K Acting CFO Equity Award
D-Wave Quantum (QBTS) stock dropped 4.27% after the company formally appointed Gregory Golkov as acting CFO and disclosed his compensation package. Golkov's compensation includes a $550,000 restricted stock unit award, a $5,500 monthly allowance, and a $67,000 bonus tied to the transition. Despite the stock drop, QBTS maintains a Strong Buy consensus rating with an average price target of $35.79, indicating a potential 112% upside.
IonQ Surges 11% as NVIDIA Research Center Deal Follows Error-Decoder Breakthrough; D-Wave Climbs 5%, Rigetti Rises 4%
IonQ (NYSE:IONQ) surged 11% following two major announcements: an error-decoder breakthrough and securing the first on-premise quantum computing deployment at NVIDIA's Accelerated Quantum Research Center. While IonQ saw a significant individual boost, the broader Defiance Quantum ETF (NASDAQ:QTUM) saw only a slight dip, indicating that the gains were company-specific. Competitors D-Wave Quantum (NASDAQ:QBTS) and Rigetti Computing (NASDAQ:RGTI) also saw increases of 5% and 4% respectively, largely due to "theme-buying" rather than their own specific catalysts.
CGI And D-Wave Quantum Partner to Advance Enterprise Quantum Adoption
CGI and D-Wave Quantum have formed a strategic partnership to help enterprises adopt quantum computing applications in various industries. CGI will integrate D-Wave’s Advantage2 quantum computer and hybrid optimization tools into its services to address challenges like production planning and energy grid optimization. The companies will co-develop use cases for transportation, rail, and retail sectors, demonstrating quantum computing's practical business value.
CGI Inc. and D-Wave Quantum Inc. Partner to Advance Enterprise Quantum Adoption
CGI Inc. announced a strategic partnership with D-Wave Quantum Inc. to advance the application of quantum computing technologies in industries like logistics, transportation, and retail. This collaboration will integrate D-Wave's quantum computing platforms into CGI's services, enabling clients to address complex challenges such as industrial production planning and supply chain optimization. The companies plan to co-develop use cases where quantum computing can enhance classical approaches and deliver measurable business outcomes.
CGI and D-Wave Quantum partner to advance enterprise quantum adoption
CGI and D-Wave Quantum Inc. have announced a strategic partnership to accelerate the adoption of quantum computing in enterprise settings. This collaboration aims to help clients across various industries, such as logistics, transportation, and retail, address complex optimization challenges and improve decision-making by integrating D-Wave's quantum platforms into CGI's services. The partnership builds on existing collaboration, focusing on co-developing use cases and delivering measurable business outcomes.
D-Wave Disappoints Again: A Quantum Company Without Commercial Momentum (NASDAQ:QBTS)
D-Wave Quantum Inc. continues to struggle, failing to meet revenue targets and lacking significant commercial adoption for its quantum technology. The company's financials reveal an escalating cash burn and stagnant revenue, which contrasts sharply with the substantial growth seen in its competitors. The author suggests that D-Wave's technological roadmap is falling behind, making it less relevant in the evolving quantum computing industry, and estimates a significant downside to its current stock price even with a generous valuation.
D-Wave Quantum’s Revenue Hasn’t Moved in Two Years. Here’s Why That’s a Problem.
D-Wave Quantum (QBTS) has seen its revenue remain stagnant for two years, despite significant increases in bookings and remaining performance obligations. This lack of revenue growth, coupled with a more than doubling of operating expenses and accelerating cash burn, poses a significant problem for the company. While D-Wave still has a substantial cash balance, the disparity between its commercial narrative and financial performance, along with leadership changes and potential stock overhang, raises concerns about its long-term viability before its gate-model target in 2032.
IonQ Climbs 9% on Quantum Optimization Work With NVIDIA; D-Wave Rises 8%, Rigetti Gains 7%
IonQ surged 9% due to research showing its quantum circuit generation time remains constant as problem sizes scale, a collaboration with NVIDIA, Oak Ridge National Laboratory, and the University of Tennessee. This news also caused other quantum computing stocks like D-Wave Quantum, Rigetti Computing, and Quantum Computing Inc. to rise in sympathy. However, the modest 2% gain of the Defiance Quantum ETF suggests that this is more of a speculative bet on IonQ's specific story rather than a broad re-pricing of the quantum computing industry, and investors should watch if this research translates into paying customers.
Full Transcript: D-Wave Quantum Q2 2026 Earnings Call
D-Wave Quantum reported Q2 2026 revenue of $3.1 million, flat year-over-year, with commercial enterprises now contributing 62.4% of revenue, up from 45.1% in Q2 2025. The company highlighted its dual-platform strategy, including a recently validated high-fidelity 2-qubit entangling gate for its gate-model roadmap and expanded commercial agreements with AT&T, Optum, and NTT DOCOMO for its annealing systems. Management expressed confidence in achieving sustained profitability with less funding than competitors, aiming for commercial fault tolerance by 2032 with 100 logical qubits.
IonQ Climbs 9% on Quantum Optimization Work With NVIDIA; D-Wave Rises 8%, Rigetti Gains 7%
IonQ shares rose 9% following the disclosure of its quantum optimization research with NVIDIA, which demonstrated constant circuit generation time as problem sizes scaled. This news also drove up shares of other quantum computing companies like D-Wave Quantum and Rigetti Computing. Despite the gains, the article suggests that the market's reaction is more of a speculative thematic bid on IonQ's story rather than a broad repricing of the quantum computing industry, as the stock remains down over the past month.
D-Wave (QBTS) to Showcase Growing Quantum Adoption at Qubits Asia 2026
D-Wave Quantum Inc. (QBTS) is set to highlight its expanding customer base in the Asia-Pacific region at Qubits Asia 2026 in Seoul on October 28. The company will showcase production and research applications, including work with NTT DOCOMO and LG CNS, demonstrating commercial adoption of its quantum computing technology. QBTS currently holds a Strong Buy consensus rating from analysts, with an average price target suggesting significant upside.
D-Wave Quantum Inc. (QBTS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of D-Wave Quantum Inc. (NASDAQ: QBTS) securities. This investigation follows D-Wave's second-quarter 2026 financial results, which missed analyst revenue expectations, leading to a stock price drop. Further concern arose after the announcement of the CFO's retirement, causing another significant dip in the stock.
D-Wave Stock Falls 3.8% as U.S. Government Can Resell 7.1M QBTS Shares
D-Wave Quantum Inc. (QBTS) shares dropped 3.8% after the company registered 7.1 million shares held by the U.S. Department of Commerce for potential resale. These shares, representing about 1.9% of D-Wave's stock, were issued under a federal CHIPS Act award, and their resale will not dilute existing shares or provide proceeds to D-Wave. Despite this potential supply overhang, QBTS maintains a Strong Buy consensus from analysts, with an average price target suggesting a 110% upside.
D-Wave Quantum (QBTS) Finalizes Definitive Agreement With U.S. Department of Commerce for Up to $100M to Accelerate U.S. Leadership in Quantum Computing
D-Wave Quantum Inc. has finalized a definitive agreement with the U.S. Department of Commerce, securing up to $100 million in CHIPS and Science Act funding. This funding aims to accelerate U.S. leadership in quantum computing by expanding domestic capabilities, strengthening the supply chain, and bringing advanced quantum systems to market. D-Wave's CEO, Dr. Alan Baratz, highlighted the importance of this award in scaling and commercializing quantum technologies.
D-Wave finalizes $100 million CHIPS Act funding
D-Wave Quantum Inc. has finalized an agreement with the U.S. Department of Commerce for up to $100 million in CHIPS and Science Act funding. This investment will accelerate D-Wave's R&D for annealing and gate-model quantum systems, including the development of a 100,000-qubit annealing system and a 10,000-qubit gate-model system. The funding is part of a broader government initiative to support the quantum computing ecosystem, with the U.S. government taking a minority equity stake in D-Wave and other recipient companies.
D-Wave, Rigetti and IonQ Stocks Rally on $100 Million Quantum Boost
Quantum computing stocks D-Wave, Rigetti, and IonQ saw a rally after D-Wave, Rigetti, and Quantinuum secured $100 million each in U.S. government funding via the CHIPS and Science Act for R&D. Additionally, IonQ boosted its 2026 revenue forecast significantly and introduced its new Superion 256 platform, contributing to the sector's positive market performance.
U.S. Gets Minority Stakes in Some Quantum Computing Companies in $300 Million CHIPS Act Funding Deal
The U.S. government is investing $300 million through the CHIPS Act into D-Wave Quantum, Rigetti Computing, and Quantinuum, taking minority equity stakes in each company. This funding, structured as research-and-development grants, aims to scale quantum-computing research and support the domestic semiconductor and advanced-hardware supply chains. Each company will receive $100 million to address various technical challenges, including scaling processors, advancing microelectronics, and building integrated photonics engines.
Bronstein, Gewirtz & Grossman, LLC Is Investigating D-Wave Quantum Inc. (QBTS) And Encourages Investors to Connect
Bronstein, Gewirtz & Grossman, LLC is investigating D-Wave Quantum Inc. (NASDAQ: QBTS) following two recent events that led to significant stock price drops. The investigation stems from D-Wave missing analyst revenue expectations for Q2 2026 and the subsequent resignation of its Chief Financial Officer, John Markovich. The law firm is encouraging investors who purchased D-Wave securities to contact them to assist with the investigation into potential claims.
Bronstein, Gewirtz & Grossman, LLC Encourages D-Wave Quantum Inc. (QBTS) Investors to Inquire about Securities Investigation
Bronstein, Gewirtz & Grossman, LLC is investigating potential securities claims against D-Wave Quantum Inc. (QBTS) following two significant stock drops in August 2026. These drops occurred after D-Wave reported lower-than-expected Q2 2026 revenues and announced the resignation of its CFO. The law firm is encouraging investors to contact them to assist with the investigation.
$900M Raised Under D-Wave’s Departing Quantum Finance Chief John Markovich
D-Wave Quantum Inc. announced that its Chief Financial Officer, John Markovich, will resign on September 2, 2026, after a five-year tenure. During his time, Markovich helped the company raise over $900 million in capital and led its 2022 initial public offering. Greg Golkov, Senior Vice President of Finance, will take over as acting CFO.
The Bull Case for D-Wave After a Disappointing Earnings Season
Despite D-Wave Quantum Inc. (NASDAQ: QBTS) missing Q2 2026 earnings and revenue estimates, its stock has risen approximately 20% in the last month, suggesting a potential recovery. The bull case for D-Wave is supported by a significant increase in bookings (up 1,120% to $35.5 million in H1 2026) and a rising backlog (up 668% to $40.7 million), indicating strong future revenue potential. Additionally, growing commercial customer counts and increased use of production applications signal deeper adoption of quantum computing.
D-Wave Quantum Inc (QBTS) Shares Fall 8.3% -- What GF Score of 63 Tells Investors
D-Wave Quantum Inc (QBTS) shares fell 8.3% to $18.68, placing them significantly above their GF Value of $8.14, indicating a 129.5% overvaluation. The company has an "Above Average" GF Score of 63/100, driven by strong growth and momentum but hampered by poor profitability and valuation. Insider activity shows substantial net selling, suggesting a lack of confidence among company executives.
D-Wave Quantum Gets Bullish Call From Top Analyst as QBTS Stock Offers 89% Upside
BMO Capital Markets initiated coverage of D-Wave Quantum Inc. (QBTS) with an Outperform rating and a $35 price target, projecting an 89% upside. Analyst Harsh Kumar highlights D-Wave's commercial revenue generation and its dual-platform strategy encompassing quantum annealing and gate-model systems as key advantages. While the target relies on aggressive growth assumptions and the company is not yet profitable, BMO anticipates significant revenue acceleration from 2026 onwards.
D-Wave adds space at future HQ as region eyes quantum leadership
D-Wave Quantum, a quantum computing company, has expanded its lease at the Boca Raton Innovation Campus, increasing its footprint from 26,000 square feet to 34,522 square feet across two buildings. This expansion signifies a growing presence for the company in Florida and highlights the region's increasing importance in the quantum technology sector. The move supports the company's growth as the area aims to become a leader in quantum computing.
Rigetti (RGTI) Jumped 11.5% as Bullish D-Wave Call Sparked Quantum Stock Rally on Friday
Quantum computing stocks, including Rigetti (RGTI), Quantum Computing Inc. (QUBT), D-Wave Quantum Inc. (QBTS), and IonQ, Inc. (IONQ), experienced a significant rally on Friday. This surge was primarily driven by BMO Capital's bullish "Outperform" rating on D-Wave, with a $35 price target, which positively impacted investor sentiment across the entire quantum sector. Despite this rally, the article highlights the ongoing disparity between strong investor interest and the relatively small revenues currently generated by these companies, indicating that the sector remains highly sentiment-driven.
D-Wave Quantum Stock Rallies 8% Following Outperform Initiation From BMO Capital Citing Commercial Revenue Growth
D-Wave Quantum (QBTS) stock rallied 8% after BMO Capital initiated coverage with an "outperform" rating and a $35 price target, citing D-Wave's unique position in generating commercial revenue and pursuing both major quantum computing approaches. This bullish call comes despite a disappointing Q2 earnings report where the company missed revenue forecasts and posted a wider-than-expected loss. Investors appear to be prioritizing the long-term commercialization potential and competitive advantage over recent financial setbacks.
D-Wave Quantum Executive Sells Shares Amid Tax Obligations
D-Wave Quantum's Chief Human Resources Officer, Sophie C. Ames, sold 23,850 shares for $504,905 on August 17, 2026, to cover tax obligations from vested restricted stock units. Despite the sale, Ames maintains a significant equity position, signaling continued confidence in the company. D-Wave Quantum, a key player in quantum computing, has a market cap of $7.7 billion and is navigating a volatile market with recent revenue declines, while analysts remain optimistic about its long-term potential.
Who’s News: Strategic Appointments at D-Wave, BTQ Technologies, Symmatrics, and Rigetti Computing
This article details strategic appointments at four quantum computing and technology companies. D-Wave Quantum Inc. appointed Kevan P. Krysler to its Board of Directors, while BTQ Technologies Corp. added Dr. Michael Grace to its U.S. technical team. Symmatrics expanded its executive leadership with Jim Garrity as Senior Vice President of Growth and Joe Reddix as Vice President of Federal Sector. Rigetti Computing, Inc. restructured its operations, appointing David Rivas as COO and Dr. Andrew Bestwick as CTO.
Why D-Wave Quantum Stock Popped Today
D-Wave Quantum stock jumped over 7% after BMO Capital analyst Harsh Kumar initiated coverage with an outperform rating, predicting the stock could nearly double within a year. Kumar highlighted D-Wave's unique approach to quantum computing, utilizing both annealing and gate models, which he believes gives the company a first-mover advantage and strong commercial potential despite current unprofitability. Analysts project significant sales growth for D-Wave over the next four years.
Infleqtion Soars 10%, Rigetti Jumps 9%, IonQ Climbs 7%: What's Driving Quantum Computing Stocks Now?
Quantum computing stocks Infleqtion, Rigetti, IonQ, D-Wave Quantum, and Quantum Computing Inc. all experienced significant gains between 7% and 10% on Friday. This surge is attributed to anticipated federal funding, including $100 million in proposed funding from the U.S. Department of Commerce, rather than specific company news. Despite the individual stock rallies, the Defiance Quantum ETF (QTUM) showed only a minimal gain, indicating its limited pure-play quantum weighting compared to broader tech holdings.
D-Wave Quantum Stock Rises as BMO Sees 86% Upside for QBTS
D-Wave Quantum (QBTS) stock surged after BMO Capital initiated coverage with an Outperform rating and an $35 price target, suggesting an 86% upside. BMO analyst Harsh Kumar highlighted D-Wave's commercial revenue generation and dual-technology approach in quantum computing as key advantages. Despite strong bookings growth, the company's revenue and per-share loss in Q2 were below Wall Street expectations.
