D-Wave Quantum (QBTS) Completes Quantum Circuits Buy, But Shares Slide On Trump Tariff Update

D-Wave Quantum Inc (NYSE:QBTS) shares are trading lower Tuesday morning despite officially completed its acquisition of Quantum Circuits, a move CEO Dr. Alan Baratz describes as a “watershed moment” that establishes D-Wave as the world’s leading quantum computing company.

Shares of quantum-computing related stocks are trading lower amid overall market weakness after President Donald Trump posted on social media that, starting February 1st, Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland will be charged a 10% tariff on all goods sent to the US.

President Trump has recently escalated rhetoric about making Greenland a US territory.

• D-Wave Quantum stock is holding steady today. What’s next for QBTS stock?

Accelerated Roadmap and 2026 Targets

The integration of Quantum Circuits' technology, specifically its error-corrected dual-rail qubits, is expected to significantly accelerate D-Wave’s product roadmap. The company now plans to make its initial gate-model system commercially available in 2026.

As part of the transition, Dr. Rob Schoelkopf, co-founder of Quantum Circuits, has joined D-Wave as Chief Scientist to lead the advancement of this hardware-efficient error correction.

Despite the announcement of this strategic expansion, D-Wave's stock reacted negatively. Shares were trading lower at $27.52, down 4.54%. While the company asserts that this dual-platform approach will “significantly expand the addressable use cases” for customers, the market appears cautious regarding the execution of these 2026 targets.

Further details on the combined roadmap will be presented at the Qubits 2026 conference later this month.

Is Bearish Momentum Clouding Future Gains?

D-Wave Quantum has shown remarkable performance over the past 12 months, with shares increasing by 332.91%. Currently, the stock is trading above its 52-week low of $4.45 but is positioned closer to its high of $46.75, indicating a strong recovery trend.

The stock is currently trading 9.8% below its 100-day SMA, suggesting some bearish pressure in the short term. Meanwhile, the RSI is at a neutral level, indicating no immediate overbought or oversold conditions, while the MACD is below its signal line, reflecting bearish momentum.

The combination of neutral RSI and bearish MACD suggests mixed momentum for the stock.

• Key Resistance: $29.00
• Key Support: $23.50

Earnings Report: A Turning Point Ahead?

Investors are looking ahead to the next earnings report on March 12.

• EPS Estimate: Loss of 6 cents (Up from Loss of 8 cents YoY)
• Revenue Estimate: $3.89 million (Up from $2.31 million YoY)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $28.65. Recent analyst moves include:

• Rosenblatt: Buy (Raised Target to $43.00) (Jan. 8)
• Rosenblatt: Buy (Target $40.00) (Jan. 7)
• Wedbush: Initiated with Outperform (Target $35.00) (Dec. 17, 2025)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for D-Wave Quantum, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Bullish (Score: 98.57/100) — Stock is outperforming the broader market.

The Verdict: D-Wave Quantum’s Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (98.57) confirms the strong trend, the lack of other rankings suggests the stock may be trading at a premium relative to its peers.

Top ETF Exposure

• WisdomTree Quantum Computing Fund ETF (NASDAQ:WQTM): 7.38% Weight
• SPDR S&P Software & Services ETF (NYSE:XSW): 1.14% Weight
• State Street SPDR S&P Software & Services ETF (NYSE:XSW): 0.86% Weight

Significance: Because QBTS carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

QBTS Shares Slide

QBTS Price Action: D-Wave Quantum shares were trading lower by 8.12% at $26.46 at the time of publication on Tuesday, according to Benzinga Pro data.

Image: Shutterstock