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QBTS vs QUBT
Which Stock Would AI Choose? D-Wave Quantum (QBTS) vs. Quantum Computing (QUBT) Stock Comparison
Key Takeaways
- Different technologies: QBTS centers on superconducting quantum annealing plus a new gate-model effort, while QUBT emphasizes photonics, advanced packaging, and quantum optimization hardware.
- Scale versus diversification: QBTS offers a more established, commercialized platform, whereas QUBT is building a broader portfolio across quantum, photonics, and semiconductor manufacturing.
- Valuation gap: Both trade at elevated price-to-sales multiples, but QBTS carries a meaningfully higher forward valuation than QUBT.
- Analyst sentiment differs: QBTS holds a "Strong Buy" consensus, while QUBT carries a more measured "Moderate Buy" rating.
- Cash positions diverge: QUBT holds roughly $1.3 billion in cash and investments, a larger liquidity cushion than QBTS.
- Both are unprofitable: Neither company has reached profitability, and rising operating expenses remain a shared risk factor.
Introduction
D-Wave Quantum (QBTS) and Quantum Computing (QUBT) are two of the most closely watched pure-play names in the emerging quantum-computing sector. Although both operate in the same industry, they pursue different technical strategies and business models, which can produce sharply different market behavior. This stock comparison is most relevant for growth-oriented traders and investors seeking exposure to quantum technology while weighing distinctions in commercialization progress, revenue scale, liquidity, and valuation. Understanding the relative performance and market positioning of each company can help readers evaluate which profile aligns more closely with their own risk tolerance and time horizon.
QBTS Overview and Recent Performance
D-Wave Quantum is a superconducting quantum-computing company best known for its quantum annealing systems, which are designed to solve complex optimization problems. The company has also begun building a complementary gate-model platform, partly through its acquisition of Quantum Circuits. In recent weeks, QBTS has drawn attention for finalizing an agreement with the U.S. Department of Commerce providing access to up to $100 million in funding under the CHIPS and Science Act. Management has also highlighted accelerating commercial traction, including expanded deployments with telecommunications partners.
Despite these catalysts, the stock has faced notable pressure. Shares have declined roughly 60% from their 52-week high, and recent quarterly revenue was essentially flat year over year at around $3.1 million, even as bookings surged. Analysts tracking the company remain broadly constructive, with a "Strong Buy" consensus and an average price target well above recent trading levels. However, a high cash burn rate and a forward price-to-sales multiple far above industry norms remain key concerns for investors evaluating relative performance.
QUBT Overview and Recent Performance
Quantum Computing, also known as QCi, develops quantum and photonics technologies, products, and services. Its portfolio spans quantum optimization systems, photonic computing, quantum communications, and advanced semiconductor packaging, a diversification strategy reinforced by multiple recent acquisitions, including NHanced Semiconductors. In recent market activity, QUBT has benefited from growing commercial adoption, such as the deployment of its Dirac-3 system at a global consulting firm and a new framework agreement with Qatar's Hamad Bin Khalifa University spanning quantum computing, sensing, and communications.
From a financial standpoint, QUBT reported a dramatic year-over-year revenue increase in its latest quarter, rising from a negligible base to roughly $5.6 million, supported by a contract backlog of about $42.5 million. The company also holds approximately $1.3 billion in cash and investments. Nevertheless, the stock has declined substantially over the past year, and profitability remains elusive, with operating expenses growing rapidly and a gross loss recorded in the most recent quarter.
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Head-to-Head Comparison
The clearest contrast between these two companies is their technical approach and business focus. QBTS is a more concentrated quantum-computing play, deriving its identity from annealing systems and a newer gate-model roadmap, with a relatively established base of more than 100 revenue-generating customers. QUBT, by comparison, operates a more diversified model that extends into photonics and semiconductor manufacturing, positioning it across adjacent high-growth markets such as AI, defense, and telecommunications.
The two also diverge on financial structure. QUBT's larger cash reserve provides a deeper liquidity buffer, while QBTS relies on a combination of cash, government funding, and customer bookings to fund its operations. On valuation, QBTS trades at a higher forward price-to-sales multiple than QUBT, reflecting stronger analyst conviction but also leaving less room for execution missteps. Risk profiles differ as well: QBTS faces concerns around cash burn and dilution, whereas QUBT must demonstrate it can convert surging revenue and acquisitions into sustainable gross margin and profitability. Market sentiment has been volatile for both, with each stock experiencing sharp drawdowns from prior highs despite steady business progress.
Tickeron AI Verdict
Based on observable factors such as trend consistency, analyst positioning, and commercial momentum, Tickeron's AI would likely favor QBTS at present. The stock's "Strong Buy" consensus, larger analyst-implied upside, and established commercialization path through quantum annealing suggest relatively stronger relative positioning. That said, the verdict is probabilistic rather than definitive. QUBT's diversified revenue base and substantial cash holdings present a credible alternative profile, particularly for those who value liquidity and a broader technology portfolio. Ultimately, the more suitable choice depends on each investor's emphasis on momentum versus balance-sheet strength, and both names carry elevated risk given their early-stage profitability.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is QBTS is a Hold and QUBT is a Hold.
QBTS's Indicator enters downward trend
The Aroon Indicator for QBTS entered a downward trend on September 25, 2026. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 233 similar instances where the Aroon Indicator formed such a pattern. In 220 of the 233 cases the stock moved lower. This puts the odds of a downward move at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 01, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on QBTS as a result. In 57 of 67 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
The Moving Average Convergence Divergence Histogram (MACD) for QBTS turned negative on October 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 33 similar instances when the indicator turned negative. In 29 of the 33 cases the stock turned lower in the days that followed. This puts the odds of success at 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QBTS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
QBTS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 16 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 84 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.129) is normal, around the industry mean (-6.852). P/E Ratio (-16.829) is within average values for comparable stocks, (-2.823). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (23.994). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. QBTS's P/S Ratio (476.190) is very high in comparison to the industry average of (51.774).
The Tickeron Price Growth Rating for this company is 89 (best 1 - 100 worst), indicating slightly worse than average price growth. QBTS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QBTS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
Momentum Indicator for QUBT turns negative, indicating new downward trend
QUBT saw its Momentum Indicator move below the 0 level on October 01, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned negative. In 76 of the 81 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for QUBT turned negative on October 01, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In 45 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
QUBT moved below its 50-day moving average on October 01, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for QUBT crossed bearishly below the 50-day moving average on October 07, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 17 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QUBT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.
The Aroon Indicator for QUBT entered a downward trend on September 22, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where QUBT's RSI Indicator exited the oversold zone, 22 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 88%.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +2.20% 3-day Advance, the price is estimated to grow further. Considering data from situations where QUBT advanced for three days, in 195 of 226 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
QUBT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 6 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.924) is normal, around the industry mean (-6.852). QUBT's P/E Ratio (-162.500) is considerably lower than the industry average of (-2.823). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (23.994). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. P/S Ratio (169.492) is also within normal values, averaging (51.774).
The Tickeron PE Growth Rating for this company is 22 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 85 (best 1 - 100 worst), indicating slightly worse than average price growth. QUBT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 98 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QUBT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
QUBT | ||
|---|---|---|
OUTLOOK RATING 1..100 | 83 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 6 Undervalued | |
PROFIT vs RISK RATING 1..100 | 98 | |
SMR RATING 1..100 | 91 | |
PRICE GROWTH RATING 1..100 | 85 | |
P/E GROWTH RATING 1..100 | 22 | |
SEASONALITY SCORE 1..100 | n/a |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
| QBTS | QUBT | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 89% | 2 days ago 88% |
| Stochastic ODDS (%) | 2 days ago 88% | 2 days ago 85% |
| Momentum ODDS (%) | 2 days ago 85% | 2 days ago 90% |
| MACD ODDS (%) | 2 days ago 88% | 2 days ago 90% |
| TrendWeek ODDS (%) | 2 days ago 89% | 2 days ago 87% |
| TrendMonth ODDS (%) | 2 days ago 88% | 2 days ago 88% |
| Advances ODDS (%) | N/A | 2 days ago 86% |
| Declines ODDS (%) | 8 days ago 87% | 8 days ago 87% |
| BollingerBands ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| Aroon ODDS (%) | 2 days ago 90% | 2 days ago 88% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
QBTS’s FA Score shows that 1 FA rating(s) are green while QUBT’s FA Score has 2 green FA rating(s).
- QBTS’s FA Score: 1 green, 4 red.
- QUBT’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
QBTS’s TA Score shows that 3 TA indicator(s) are bullish while QUBT’s TA Score has 4 bullish TA indicator(s).
- QBTS’s TA Score: 3 bullish, 4 bearish.
- QUBT’s TA Score: 4 bullish, 6 bearish.
Price Growth
QBTS (@Computer Processing Hardware) experienced а -11.96% price change this week, while QUBT (@Computer Processing Hardware) price change was -5.39% for the same time period.
The average weekly price growth across all stocks in the @Computer Processing Hardware industry was -1.71%. For the same industry, the average monthly price growth was -16.32%, and the average quarterly price growth was +0.06%.
Reported Earning Dates
QBTS is expected to report earnings on Nov 05, 2026.
QUBT is expected to report earnings on Nov 13, 2026.
Industries' Descriptions
@Computer Processing Hardware (-1.71% weekly)Computer Processing Hardware industry produces central processing unit, monitor, keyboard, computer data storage devices, and graphics card. Business activity and economic growth are potential drivers of this industry – if more businesses are growing or flourishing, so would their investments in computer equipment. Dell Technologies, Inc, Hewlett Packard Enterprise Co., NCR Corporation are key producers of computer processing hardware.
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QBTS and
Correlation & Price change
A.I.dvisor indicates that over the last year, QBTS has been closely correlated with RGTI. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if QBTS jumps, then RGTI could also see price increases.
| Ticker / NAME | Correlation To QBTS | 1D Price Change % | ||
|---|---|---|---|---|
| QBTS | 100% | -0.42% | ||
| RGTI - QBTS | 93% Closely correlated | -0.09% | ||
| QUBT - QBTS | 86% Closely correlated | +1.25% | ||
| IONQ - QBTS | 85% Closely correlated | +1.56% | ||
| OSS - QBTS | 48% Loosely correlated | -0.33% | ||
| DPRO - QBTS | 48% Loosely correlated | +0.56% | ||
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QUBT and
Correlation & Price change
A.I.dvisor indicates that over the last year, QUBT has been closely correlated with RGTI. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if QUBT jumps, then RGTI could also see price increases.
| Ticker / NAME | Correlation To QUBT | 1D Price Change % | ||
|---|---|---|---|---|
| QUBT | 100% | +1.25% | ||
| RGTI - QUBT | 88% Closely correlated | -0.09% | ||
| QBTS - QUBT | 85% Closely correlated | -0.42% | ||
| UMAC - QUBT | 56% Loosely correlated | -0.12% | ||
| DPRO - QUBT | 54% Loosely correlated | +0.56% | ||
| CAN - QUBT | 49% Loosely correlated | N/A | ||
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