D-Wave Quantum Secures Federal Microelectronics Funding

D-Wave Quantum Inc. (NASDAQ:QBTS) shares are down during Tuesday’s premarket session. The company grabbed second-year funding for its superconducting qubit fabrication project.

This funding is part of a broader initiative to enhance U.S. microelectronics capabilities, reflecting the growing recognition of quantum computing’s role in advancing technology.

The funding awarded to D-Wave Quantum supports its role in the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project, which aims to enhance the scalability of quantum technologies.

This initiative is part of a $25 million funding effort by the U.S. Department of Defense, emphasizing the importance of quantum computing in both commercial and national security applications.

QBTS Technical Analysis: Momentum Vs Key Moving Averages

D-Wave Quantum has shown a strong performance over the past year, with a 12-month gain of 67.52%. The stock currently trades at $29.16, which positions it significantly above its moving averages: 36.9% above the 20-day SMA, 57.9% above the 50-day SMA, and 42% above the 100-day SMA. However, the 50-day SMA is below the 200-day SMA, indicating a death cross that occurred in March, which can signal potential bearish momentum.

Momentum indicators like the RSI are not available, but the MACD suggests pressure may be building as it has crossed below the signal line, indicating a potential weakening trend. This setup suggests that while the stock has performed well over the past year, recent developments may be causing some caution among investors.

QBTS Earnings Preview: Next Update And Analyst Targets

D-Wave Quantum Inc. is slated to provide its next financial update on August 6, 2026 (estimated).

• EPS Estimate: Loss of 9 cents (Up from Loss of 8 cents)
• Revenue Estimate: $4.04 million (Up from $3.10 million)

Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $38.00. Recent analyst moves include:

• Canaccord Genuity: Buy (Lowers Target to $41.00) (May 13)
• Rosenblatt: Buy (Maintains Target to $43.00) (May 13)
• Cantor Fitzgerald: Overweight (Maintains Target to $40.00) (May 13)

How QBTS Ranks On Momentum In Benzinga Edge

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

• Momentum: Bullish (Score: 90.11) — Stock is outperforming the broader market.

The Verdict: D-Wave Quantum’s Benzinga Edge signal reveals a strong momentum profile, indicating that the stock is currently outperforming the market. This momentum, combined with its recent funding news, positions D-Wave as a key player in the evolving quantum technology landscape.

QBTS ETF Exposure: Funds With The Biggest Weights

• SPDR S&P Software & Services ETF (NYSE:XSW): 1.14% Weight
• Tradr 2X Long QBTS Daily ETF (NASDAQ:QBTX): 198.58% Weight
• WisdomTree Quantum Computing Fund ETF (NASDAQ:WQTM): 4.44% Weight

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

QBTS Stock Price Activity: D-Wave Quantum shares were down 0.65% at $29.21 during premarket trading on Tuesday, according to Benzinga Pro data.

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