Why These 15 AI Stocks Are Plunging So Far in 2025

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5. D-Wave Quantum Inc (NYSE:QBTS)

Number of Hedge Fund Holders In Q4 2024: 15

D-Wave Quantum Inc (NYSE:QBTS) is a quantum computing company. Many see it as the next logical step due to AI compute power needs increasing exponentially (potentially).

The stock is down significantly so far in 2025 as it isn’t profitable and has been diluting.

D-Wave raised $150 million through an at-the-market equity offering and diluted existing shareholders. Some have decided to sell before any future dilution takes place. And that is likely to happen in the coming years since it is a capital-intensive business.

It’ll likely take decades for quantum computing to be commercially viable. Microsoft’s recent announcement of a quantum computing chip also failed to drive much hype beyond the short term.

The consensus price target of $6.71 implies 9.43% upside.

QBTS is down 26.96% year-to-date.

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