D-Wave Quantum Inc. (QBTS): This Quantum Computing Stock Is Challenging Jensen Huang’s Stance

We recently compiled a list of the 5 Quantum Computing Stocks Challenging Jensen Huang’s Stance. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against the other quantum computing stocks.

At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably. Considering Jensen Huang’s industry-leading position, the public’s reaction was natural. However, since then, multiple quantum computing firms have disapproved of those remarks, claiming they are building commercially useful quantum computers today!

For context, quantum computing stocks recently took off and enjoyed gains as high as 1000%. Google’s progress on the Willow chip in December also supported this optimism, a moment that could well define the start of the quantum computing era.

We compiled a list of quantum computing stocks challenging Jensen Huang’s stance. To come up with the list, we considered stocks with a market cap of at least $200 million.

Is D-Wave Quantum Inc. (QBTS) Among the Firms Buck Broader Market Optimism?

A modern computer datacenter, running an advanced quantum computer system.

D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS)’s stock is up over 24% at market open. The news of its partnership with Carahsoft Technology is sending the stock higher. The partnership involves accelerating the adoption of quantum computers and their solutions at both the government and public sector levels.

QBTS CEO Alan Baratz has responded to Jensen Huang’s comments by saying that quantum computing applications are real today, and not over a decade away:

We have customers that are using our quantum computers today in support of their business operations, and we have demonstrated the ability to solve important problems in the area of material simulation on our quantum computers today in minutes.

He is not wrong. What would take today’s normal computers (including ones powered by Nvidia!) millions of years to compute is being done today in minutes thanks to quantum computing. The technology has evolved and the stock price is showing the optimism people share with the QBTS CEO.

Overall QBTS ranks 1st on our list of the quantum computing stocks challenging Jensen Huang’s Stance. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as QBTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

Disclosure: None. This article was originally published at Insider Monkey.