Quantum technology stocks, including D-Wave Quantum Inc (NYSE: QBTS), are in focus today after a Bank of America senior expert said “quantum computing is the most radical technology we have ever seen.”
In an interview with CNBC on Monday, Haim Israel argued that the quantum breakthrough moment is no longer decades away – it’s actually happening “today”.
In fact, even large-scale or commercial-scale quantum supremacy, “which is going to change everything,” is only 10 years from now, he added.
For investors looking to ride this tech wave, the question then becomes: which company is best positioned to capitalise?
Quantum technology could reshape everything
Haim Israel believes quantum computing will dwarf all of the previous tech revolutions.
“We live in a world of data. Every day we generate 400 quintillion bytes of data and we’re using only 1% of it,” he revealed, adding that quantum machines can analyze this data in real time, solving problems that would take classical systems longer than the universe has existed.
From modeling molecules to transforming encryption and industrial design, quantum computing promises vertical – not exponential – growth.
It has the power to transform everything, from healthcare to finance, and whoever wins the quantum race, according to Israel, will gain “unprecedented geopolitical, technological, and economic advantage.”
Why D-Wave stock is the quantum name to watch
D-Wave stock is emerging as the most compelling pure-play in the quantum computing space.
In March 2025, the Canadian firm said it had achieved quantum supremacy using its Advantage2 annealing quantum computer – solving a real-world magnetic materials simulation in minutes that would take classical supercomputers nearly a million years.
Unlike gate-model rivals, QBTS’ annealing approach is already delivering practical results.
With over 9 million problems run on its cloud platform and partnerships spanning government and enterprise, D-Wave is not just theorizing quantum – it has already started to commercialise it.
That’s why QBTS shares are currently up some 400% versus its year-to-date low in mid-January.
Is valuation a real risk for QBTS shares?
Yes, D-Wave shares are going for an alarming price-to-sales (P/S) ratio of about 637 – but context matters.
The NYSE-listed firm posted a more than 500% year-on-year increase in revenue for its fiscal Q1, driven by its first Advantage2 system sale.
Its gross margin sits above 90%, and it recently raised $400 million at a premium to fund expansion.
With $815 million in cash and a growing customer base, D-Wave sure has the financial firepower to scale over the next few quarters.
Finally, investors could also take heart in the fact that all 7 Wall Street analysts that currently cover QBTS stock rate it at “buy”, further reinforcing the company’s potential to capitalise on the next big tech revolution after artificial intelligence (AI).
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