Overview
- D-Wave said it closed the purchase of Quantum Circuits, which CEO Alan Baratz called a “watershed moment” for the company.
- The company plans a dual-platform strategy, integrating error-corrected dual-rail qubits with a goal of making an initial gate-model system commercially available in 2026.
- Quantum Circuits co-founder Dr. Rob Schoelkopf joined D-Wave as Chief Scientist to lead hardware-efficient error correction.
- QBTS shares fell intraday, with Benzinga citing broader weakness and President Trump’s post about a 10% tariff on several European countries as factors; prints included $27.52 (−4.5%) and $26.46 (−8.1%).
- Analysts reported by Benzinga maintain a Buy stance with an average price target of about $28.65, and investors await more detail at Qubits 2026 and the March 12 earnings report.