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QBTS vs RGTI
Which Stock Would AI Choose? D-Wave Quantum (QBTS) vs. Rigetti Computing (RGTI) Stock Comparison
Key Takeaways
- Both QBTS and RGTI are speculative pure-play quantum computing stocks that recently secured up to $100 million each in U.S. CHIPS Act funding.
- QBTS carries a "Strong Buy" consensus with roughly 104% average implied upside, while RGTI holds a "Buy" consensus with about 74% implied upside.
- D-Wave shows stronger bookings momentum (up 1,120% year over year in the first half), while Rigetti posted faster recent revenue growth of 185% year over year.
- Both names remain deeply unprofitable and trade at steep price-to-sales (P/S) multiples, making valuation and cash burn central risks.
- Recent sector-wide rallies have lifted both stocks, but much of the move has been driven by read-across from peers rather than company-specific catalysts.
- Market positioning differs: QBTS leads in commercial quantum annealing, while RGTI focuses on superconducting gate-model processors.
Introduction
Quantum computing has emerged as one of the most closely watched speculative themes in technology, and two of its most prominent pure-play names are D-Wave Quantum (QBTS) and Rigetti Computing (RGTI). Both companies recently secured major U.S. government backing, and both have experienced sharp swings in share price as investor sentiment around quantum commercialization has shifted. This stock comparison examines their business models, recent momentum, risk profiles, and relative performance to help traders and investors assess how these two names compare in the current market environment. It is particularly relevant for those weighing exposure to an emerging, high-volatility sector where technical milestones and funding headlines can drive outsized moves.
QBTS Overview and Recent Performance
D-Wave Quantum is a dual-platform quantum computing company best known for its commercialized quantum annealing systems, which target optimization problems, while also building gate-model machines. The company has positioned itself as having one of the more established near-term commercialization paths in the sector, citing more than 100 revenue-generating customers across industries such as telecom and logistics.
In recent weeks, QBTS finalized a definitive agreement with the U.S. Department of Commerce for access to up to $100 million in funding under the CHIPS and Science Act, supporting development of its annealing and gate-model systems. The company also expanded commercial deployments with partners including NTT DOCOMO and AT&T. First-half bookings surged 1,120% year over year, though quarterly revenue remained modest at roughly $3.1 million. Sentiment has been mixed: the stock has declined significantly from its 52-week high and trades down over the past three months, even as it has participated in recent sector-wide rallies. A relatively high cash burn rate of around $37 million per quarter and a valuation above 90 times forward sales remain key considerations for investors.
RGTI Overview and Recent Performance
Rigetti Computing designs and operates superconducting quantum computers and the quantum processors that power them, advancing a chiplet-based roadmap toward systems of up to 1,000 qubits. Its focus is on gate-model quantum hardware, with recent progress on its 108-qubit Cepheus-1 platform.
Like D-Wave, RGTI finalized an agreement with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding, with the government receiving a minority, non-controlling equity stake. The company also expanded a collaboration with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center involving a nine-qubit Novera system supported by a National Science Foundation grant. Revenue in the most recent quarter rose 185% year over year to about $5.1 million, driven partly by on-premises processor sales, and gross margin expanded to 43%. Rigetti maintains a strong balance sheet with roughly $541 million in cash and no debt, though operating expenses remain elevated relative to its small revenue base, and the stock has also declined over the trailing three months while participating in recent quantum rallies.
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Head-to-Head Comparison
The two companies pursue different paths within quantum computing. QBTS differentiates itself through commercialized annealing technology already generating practical use cases, supplemented by a newer gate-model program and an acquisition of Quantum Circuits. RGTI, by contrast, is focused squarely on superconducting gate-model processors and a modular, chiplet-based hardware roadmap.
On growth, Rigetti has shown faster recent revenue expansion, while D-Wave has demonstrated stronger order-book momentum. Both carry substantial cash cushions after their respective government awards, but D-Wave's higher cash burn rate stands out as a comparative risk. Valuation also differs: D-Wave trades at a higher forward price-to-sales multiple relative to its revenue base, while Rigetti screens expensive on price-to-book versus the broader semiconductor group. In terms of analyst sentiment, QBTS enjoys a stronger consensus rating and larger implied upside, while RGTI holds a more moderate "Buy" rating. Both stocks remain highly correlated to sector news flow, meaning peer catalysts can drive outsized sympathy moves in either direction.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would likely lean toward QBTS at the present juncture. D-Wave currently shows stronger commercial bookings momentum, a more established near-term revenue path through annealing, a higher consensus rating, and larger average implied upside from analysts. Its higher cash burn and loftier valuation, however, introduce meaningful downside risk. RGTI offers a cleaner balance sheet and faster recent growth, but its earlier-stage commercial profile and more moderate consensus support suggest slightly less conviction in near-term positioning. This assessment is probabilistic rather than definitive and reflects current data rather than a fixed forecast.
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 RGTI is a Buy.
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.
RGTI's RSI Indicator stays in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
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 +4.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where RGTI advanced for three days, in 220 of 255 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
RGTI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 RGTI as a result. In 71 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 83%.
The Moving Average Convergence Divergence Histogram (MACD) for RGTI 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 46 similar instances when the indicator turned negative. In 35 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
RGTI moved below its 50-day moving average on September 28, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RGTI crossed bearishly below the 50-day moving average on October 01, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 11 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 RGTI 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 85%.
The Aroon Indicator for RGTI entered a downward trend on September 25, 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.
Fundamental Analysis (Ratings)
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 Valuation Rating of 82 (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 (7.241) is normal, around the industry mean (-6.852). P/E Ratio (-15.143) 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. RGTI's P/S Ratio (370.370) is very high in comparison to the industry average of (51.774).
The Tickeron Price Growth Rating for this company is 86 (best 1 - 100 worst), indicating slightly worse than average price growth. RGTI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 96 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RGTI’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.
The Tickeron SMR rating for this company is 98 (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.
| QBTS | RGTI | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 89% | 2 days ago 90% |
| Stochastic ODDS (%) | 2 days ago 88% | 2 days ago 83% |
| Momentum ODDS (%) | 2 days ago 85% | 2 days ago 83% |
| MACD ODDS (%) | 2 days ago 88% | 2 days ago 76% |
| TrendWeek ODDS (%) | 2 days ago 89% | 2 days ago 86% |
| TrendMonth ODDS (%) | 2 days ago 88% | 2 days ago 89% |
| Advances ODDS (%) | N/A | 27 days ago 86% |
| Declines ODDS (%) | 8 days ago 87% | 2 days ago 85% |
| BollingerBands ODDS (%) | 2 days ago 90% | 2 days ago 83% |
| Aroon ODDS (%) | 2 days ago 90% | 2 days ago 90% |
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 RGTI’s FA Score has 1 green FA rating(s).
- QBTS’s FA Score: 1 green, 4 red.
- RGTI’s FA Score: 1 green, 4 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 RGTI’s TA Score has 4 bullish TA indicator(s).
- QBTS’s TA Score: 3 bullish, 4 bearish.
- RGTI’s TA Score: 4 bullish, 6 bearish.
Price Growth
QBTS (@Computer Processing Hardware) experienced а -11.96% price change this week, while RGTI (@Computer Processing Hardware) price change was -8.76% 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.
RGTI is expected to report earnings on Nov 09, 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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RGTI and
Correlation & Price change
A.I.dvisor indicates that over the last year, RGTI has been closely correlated with QBTS. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if RGTI jumps, then QBTS could also see price increases.
| Ticker / NAME | Correlation To RGTI | 1D Price Change % | ||
|---|---|---|---|---|
| RGTI | 100% | -0.09% | ||
| QBTS - RGTI | 93% Closely correlated | -0.42% | ||
| QUBT - RGTI | 88% Closely correlated | +1.25% | ||
| IONQ - RGTI | 86% Closely correlated | +1.56% | ||
| OSS - RGTI | 50% Loosely correlated | -0.33% | ||
| QMCO - RGTI | 48% Loosely correlated | +3.71% | ||
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