D-Wave is a strong buy in the quantum computing market, with a first-mover advantage and promising revenue forecasts. Read more on QBTS stock here.

Quantum-computing stocks tumbled Monday following comments from Meta Platforms CEO Mark Zuckerberg that quantum is far from being a “practical paradigm.” Shares of D-Wave Quantum and Rigetti Computing fell 31% and 29%,

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

Quantum stocks tumble as Nvidia’s cautious timeline and Zuckerberg’s doubts spark sell-offs, while D-Wave CEO argues quantum tech is delivering value today.

Recent financial results reveal the early-stage nature of D-Wave's business model. The company's core quantum computing service revenue grew 41% year over year in Q3 2024, highlighting the increasing adoption of its platform. However, total revenue declined 27% to $1.9 million due to timing variations in professional services contracts.