D‑Wave Quantum Inc. Shares Surge Following CES 2026 Announcement
The shares of D‑Wave Quantum Inc. (QBTS) increased by approximately 20 % on Monday, 23 December 2025, after the company announced that it will showcase quantum‑computing technology at the Consumer Electronics Show (CES) 2026 in January. The rally lifted the stock above the $30 USD threshold, a level not reached since the end of 2024.
Key Drivers of the Rally
- CES 2026 Presentation Plans – D‑Wave disclosed that it will demonstrate annealing quantum computers, hybrid quantum‑classical solvers, and real‑world customer applications at the upcoming CES event. The announcement was cited as the primary catalyst for the price surge.
- Positive Analyst Sentiment – Following the announcement, analyst coverage turned unanimously optimistic, reinforcing investor confidence.
- Sector Momentum – The broader quantum‑technology sector moved higher, with peers such as Rigetti (+13 %) and IonQ (+11 %) also posting gains, indicating a favorable market environment for quantum‑computing companies.
Recent Trading Performance
- Close (21 December 2025): $32.19
- 52‑Week High (14 October 2025): $46.75
- 52‑Week Low (12 January 2025): $3.74
- Market Capitalization: $9.39 billion
- Price‑to‑Earnings Ratio: –19.37 (negative, reflecting current investment‑phase earnings profile)
Investor Reaction
After the initial surge, some investors began to secure gains. A notable decline in trading volume was observed in the latter part of the day, suggesting that a portion of the rally may have been driven by short‑term traders. Nonetheless, the stock maintained a bullish trajectory for the remainder of the trading week.
Outlook
D‑Wave’s announcement of a CES 2026 showcase is expected to enhance visibility among enterprise, government, laboratory, and financial‑institution clients. The company’s established portfolio—quantum computing systems, software, developer tools, and services—positions it to capitalize on this heightened exposure. While the current price action reflects positive sentiment, the company’s earnings trajectory remains a key consideration for long‑term valuation.
