By the Top Tier Newswire AI Desk · August 21, 2026 at 11:54 AM ET · reviewed against 8 wire stories
D-WAVE QUANTUM INC (QBTS) is up +7.29% in the latest session. Our newswire has captured 8 stories on QBTS across 6 sources in the last 36 hours, with AI sentiment reading bullish (avg 59/100).
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QBTS stock rose 7.29% to $20.14 in morning trade as BMO Capital initiated coverage with an Outperform rating and a $35 price target. The move came amid broader strength in quantum computing stocks, with peers like IonQ and Rigetti also seeing gains. The stock opened with a 2.3% gap up and reached an intraday high of $20.18.
What Happened
BMO Capital began coverage of D-Wave Quantum with an Outperform rating, signaling 86% upside from the prior close. The firm highlighted the company’s progress in commercial revenue and its position in the quantum computing sector. This rating triggered a sharp rise in QBTS, which traded above $20 for the first time since early August. The stock’s upward momentum was further supported by positive sentiment in the broader quantum computing space, as investors reacted to the BMO initiation and recent developments in the sector.
Despite the recent rally, D-Wave remains unprofitable, with a trailing twelve-month revenue decline of 44.2% and an EPS of -0.69. The stock has been volatile, trading between $12.75 and $46.75 over the past 52 weeks. Recent earnings reports had shown mixed results, with Q2 revenue and earnings missing estimates. However, the initiation of coverage by BMO Capital appears to have shifted investor focus toward the company’s long-term potential.
What The Data Shows
QBTS traded at a volume of 9.1 million shares, which is 0.3 times the 3-month average. The stock opened at $19.24 and reached a high of $20.18 at 11:40 AM ET. Over the last 8 sessions, the stock had declined 6.5% before today’s rebound. Unusual options activity was noted, with a $89,000 call premium being the largest single print. The 52-week tape showed 14 fresh 52-week highs and 9 lows on August 21. Insider transactions over the last 90 days totaled $35.4 million in sales, with no buys reported.
What To Watch
D-Wave Quantum has no upcoming earnings scheduled. Investors will likely monitor the breadth of coverage as more analysts weigh in on the stock’s potential following BMO’s initiation.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
QBTS · Aug 21 session (5-min) · +8.62% vs prior close · updated 8:51 PM ETAI sentiment, last 36h · averaged over 8 stories · 59/100 bullish
The headlines behind the move
Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline
22d agoTipRanksBULLISH 63General
IonQ, Rigetti, D-Wave Stocks Are Rebounding — Here’s How High Wall Street Sees Them Going
Quantum computing stocks are rebounding on Friday, with IonQ (NYSE:IONQ) climbing about 6%, Rigetti Computing (NASDAQ:RGTI) gaining 8%, and D-Wave Quantum (NASDAQ:Q...
22d agoSeeking AlphaBULLISH 61Analyst
Nvidia, Micron among 10 stocks initiated with bullish views at BMO Capital
BMO Capital began coverage of 12 semiconductor and quantum computing stocks, including Nvidia (NVDA), Micron Technology (MU) and D-Wave Quantum (QBTS).
23d agoTipRanksBULLISH 67Analyst
D-Wave Quantum Stock Rises as BMO Sees 86% Upside for QBTS
D-Wave Quantum ($QBTS) stock is gaining on Friday after BMO Capital started coverage with an Outperform rating and a $35 price target, implying about 86% upside fro...
BMO Capital initiated coverage with an Outperform rating and a $35 price target.
23d agoSeeking AlphaBULLISH 58Analyst
D-Wave: Demand Is Outrunning Revenue
D-Wave trades at 156x forward EV/Sales despite lumpy revenue, widening losses, and a gate-model commercialization roadmap. Learn why QBTS stock is a buy.
23d agoThe FlyBULLISH 61Analyst
BMO Capital starts D-Wave Quantum with Outperform rating, says revolutionary
Quantum computing stocks are selling off hard with no earnings news, no analyst moves, and no company updates to blame. The answer may lie somewhere far outside the sector entirely.
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