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D-Wave Shares Jump on CES 2026 Showcase Plan as Quantum Stocks Extend 2025 Rally

Lofty valuations persist despite small revenues, with profitability expected years out.

Overview

  • D-Wave said it will present at CES 2026 on Jan. 7, highlighting its annealing quantum computers, hybrid quantum-classical solvers, and real-world customer use cases.
  • Vice president Murray Thom will lead a masterclass on applying the company’s systems to optimization problems in manufacturing, supply chains, materials science, and telecommunications.
  • The announcement coincided with a roughly 13.5% intraday rise in D-Wave shares on Dec. 22 after a year-to-date gain near 230%.
  • D-Wave previously reported Q3 revenue doubling and stronger bookings and cash, yet annual revenue is about $24 million against a roughly $9.6 billion valuation, and S&P-sourced forecasts see no profit before 2030.
  • Quantum Computing Inc. climbed about 11.6% intraday Monday without clear news, days after agreeing to buy Luminar Semiconductor for $110 million as it pursues integrated photonics-based quantum machines.