Why Is D-WAVE QUANTUM INC (QBTS) Stock Moving Today?

QBTS stock is moving higher today, driven by an expanded partnership with AT&T to integrate D-Wave Quantum’s quantum computing technology into the telecom giant’s AI-powered network operations. The stock opened with a 4.4% gap up and reached a session high of $19.39 in early afternoon trading. The deal is expected to enhance AT&T’s ability to tackle complex optimization challenges, positioning D-Wave as a key player in the quantum computing space.

What Happened

D-Wave Quantum Inc. and AT&T announced a new agreement on July 27, 2026, to expand the use of D-Wave’s quantum computing technology. The partnership aims to apply quantum solutions to network optimization, a move that has drawn significant market attention. The stock surged over 7% in pre-market trading and continued its upward momentum through the morning session. In addition to the AT&T deal, Benchmark initiated coverage of D-Wave with a Buy rating and a $30 price target, further contributing to the stock’s positive momentum.

What The Data Shows

QBTS is trading at $18.90 as of the latest update, with a volume of 21.5 million shares, which is 0.7 times the 3-month average. The stock opened at $16.93 and climbed to a high of $19.39. Over the past eight sessions, it had fallen 11.3%, from $18.27 to $16.21. The company has a market cap of $6.0 billion, but it remains unprofitable with a trailing twelve-month EPS of -1.08 and revenue declining 41.7% year-to-date. Insiders have sold $36.8 million in shares over the last 90 days, with the most recent filing on July 21.

What To Watch

Investors should continue to monitor the stock ahead of any potential earnings updates or further developments in the quantum computing sector. The expanded AT&T partnership and Benchmark’s positive rating may drive continued interest in the stock.