D-Wave Quantum Surges to 79th in Trading Volume with $952 Million Turnover

On June 16, 2025, D-Wave Quantum (QBTS) saw a significant increase in trading volume, with a total turnover of $952 million, marking a 50.63% rise from the previous day. This surge placed QBTS at the 79th position in terms of trading volume for the day, reflecting heightened investor interest in the quantum computing sector. The stock price of QBTS rose by 5.47%.

Analyst Sujeeva De Silva from Roth MKM has raised the price target for D-Wave Quantum (QBTS) stock to $18 from $12, while maintaining a "Buy" rating. This revised target suggests a potential 19% upside for investors. De Silva's optimism is driven by the growing demand for quantum computing across commercial and AI-related sectors, positioning D-Wave to capitalize on this trend. The analyst highlights increased customer interest in hosted services and hardware sales, which could bolster the company's revenue over time. Additionally, the rising engagement from the AI space, where quantum computing is seen as a tool to enhance performance, further supports D-Wave's growth prospects.

D-Wave Quantum recently filed for a $400 million follow-on equity offering, indicating the company's strategic moves to secure additional capital for future growth. This filing, along with the positive analyst sentiment, suggests that D-Wave is well-positioned to navigate the competitive landscape of quantum computing and AI. The company's recent hardware sales, including the first sale of its Advantage system to a key customer, serve as early indicators of its potential to secure more deals at higher price points. With the launch of the new Advantage 2 system, D-Wave is poised to accelerate hardware talks and close more deals in the near future.