D-Wave Quantum (QBTS) News Today

D-Wave Quantum Inc. (NYSE: QBTS) is getting mixed attention from investors, but the stock has been under pressure overall as traders focus on valuation, near-term earnings uncertainty, and the timing of revenue recognition.

• Positive Sentiment: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

• Neutral Sentiment: Wall Street is looking ahead to Q2 results on August 6, with D-Wave signaling only modest near-term growth because revenue recognition is uneven and more revenue is expected in the second half of 2026. D-Wave Eyes Modest Q2 Growth Amid Lumpy Revenue Recognition
• Neutral Sentiment: Investors are also weighing QBTS against other quantum names and quantum ETFs as the sector remains highly speculative ahead of earnings. IONQ or QBTS: Which Quantum Stock Should You Buy Ahead of Q2 Earnings?

• Negative Sentiment: Articles on the “quantum bubble” and the stock’s steep year-to-date decline are reinforcing concerns that QBTS remains expensive relative to its current revenue and profitability profile. The Quantum Bubble Is Real Enough to Take Seriously
• Negative Sentiment: With shares still far below recent highs and trading well under key moving averages, some investors are treating the recent bounce as a technical recovery rather than a fundamental turnaround. D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?

Bottom line: QBTS is moving on a mix of optimism around Nasdaq visibility and analyst upgrades, but the bigger driver remains skepticism about valuation and the company’s uneven revenue path heading into Q2 earnings.