We recently published a list of Top 11 Trending AI News And Wall Street Ratings. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other top trending AI stocks.
The S&P 500 neared record highs on February 14th despite a busy week of US tariff hikes, inflation updates, a slump in retail data, and mixed reports from company earnings reports. Meanwhile, some magnificent seven stocks inched higher today due to optimism around growing AI-chip demand.
Furthermore, the global AI race is heating up as DeepSeek AI is empowering Chinese chipmakers to lower reliance on US technology as export limits remain in place.
In turn, the US is swiftly building partnerships with Asian countries founded on AI. The US and India announced on February 13th that they would work to create a roadmap by year-end to accelerate the development of AI infrastructure by boosting investments in new-age data centers and offering US-origin AI infrastructure to expand computing power access in the sub-continent.
“The US and India will work together to enable industry partnerships and investments in next generation data centres, cooperation on development and access to compute and processors for AI, for innovations in AI models and building AI applications for solving societal challenges while addressing the protections and controls necessary to protect these technologies and reduce regulatory barriers,” the countries stated in a joint statement.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A modern computer datacenter, running an advanced quantum computer system.
D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 6
D-Wave Quantum Inc. (NYSE:QBTS) is the parent company of D-Wave Systems and DPCM Capital. It is focused on advancing quantum AI products to enhance the optimization capabilities of annealing quantum computing, ultimately enabling clients to build energy-efficient AI and ML workloads. D-Wave Quantum Inc. (NYSE:QBTS) claims to be the commercial supplier of quantum computers, helping clients resolve real-world business challenges across industries like logistics, AI, materials science, and drug discovery.
On February 14th, B. Riley analyst Craig Ellis increased D-Wave Quantum Inc.’s (NYSE:QBTS) target price to $11 from $9 and maintained a “Buy” stock rating. The brokerage believes Microsoft Corp.’s (NASDAQ:MSFT) “Quantum Ready” service addition to Azure’s Quantum platform and proclamation that this year will be “the year to become quantum-ready” could be significant for sectoral market sentiment. B. Riley views quantum computing as the “what’s next” in high-performance compute beyond in-progress AI uptake, adding that recent industry and company developments should bring stock demand.
Overall, QBTS ranks 7th on our list of top trending AI news and Wall Street ratings. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
