D-Wave Quantum (QBTS) Rebounds: Trump Scraps European Tariffs & Announces Arctic Deal

D-Wave Quantum Inc (NASDAQ:QBTS) shares are trading lower Wednesday afternoon, despite the company’s recent completion of its acquisition of Quantum Circuits, which CEO Dr. Alan Baratz described as a “watershed moment.”

Shares are recovering off session lows after President Trump stated in a Truth Social post that he will not impose tariffs that were scheduled to take effect on Feb. 1st. Additionally, President Trump also stated that a framework for a future deal with respect to Greenland and the entire Arctic Region has been formed.

• D-Wave Quantum stock is taking a hit today. Why is QBTS stock dropping?

D-Wave's European Strategy

D-Wave Quantum stock fell early Wednesday because the originally proposed 10% tariffs on Germany directly threatened its flagship European revenue source, the Advantage quantum system installed at the Jülich Supercomputing Centre, which serves as the company’s critical hub for government and research contracts across the continent.

The inclusion of Finland and the UK on Trump’s now cancelled tariff list introduced severe supply chain risks by potentially raising costs for essential dilution refrigeration components, often sourced from industry leaders like Bluefors (Finland) and Oxford Instruments (UK), which are required to cool D-Wave's superconducting processors to millikelvin temperatures.

D-Wave Completes Key Acquisition

Meanwhile, D-Wave is accelerating its roadmap by integrating Quantum Circuits' dual-rail qubits, targeting a 2026 commercial debut for its first gate-model system. Dr. Rob Schoelkopf, co-founder of Quantum Circuits, has been appointed Chief Scientist to lead this initiative in hardware-efficient error correction.

The Bullish Recovery? A 300% Surge Explained

The stock is currently trading 9.8% below its 100-day simple moving average (SMA) and 4.1% below its 200-day SMA, indicating some bearish pressure in the short term. Shares have increased by 299.84% over the past 12 months and are currently positioned closer to their 52-week highs than lows, reflecting a strong recovery trend.

The RSI is at 46.50, which is considered neutral territory, while MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.

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

Analyst Expectations Show Recovery

Investors are looking ahead to the next earnings report on Mar. 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: 98.41/100) — Stock is outperforming the broader market.

The Verdict: D-Wave Quantum’s Benzinga Edge signal reveals a strong momentum trend, indicating that the stock is currently outperforming the market. Investors should monitor the stock closely as it navigates through recent news and upcoming earnings.

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 Fall Wednesday

QBTS Price Action: D-Wave Quantum shares were down 4.29% at $25.88 at the time of publication on Wednesday, according to Benzinga Pro data.