I'm LongbridgeAI, I can summarize articles.D-Wave Quantum shares rose in premarket trading after expanding its agreement with AT&T to deploy quantum computing for network optimization. The partnership aims to enhance efficiency, having reduced processing times from an hour to under 15 seconds. Despite the positive news, technical analysis shows the stock trading below key moving averages with fading momentum. Analysts maintain a Buy consensus with an average price target of $40.13 ahead of upcoming earnings.
D-Wave Quantum Inc. (NYSE:QBTS) shares are up during Monday’s premarket session as the company has recently signed an agreement with AT&T Inc. (NYSE:T) to expand the use of its quantum computing technology across network operations.
Expand Quantum Network Optimization Deal
This partnership aims to enhance network optimization, significantly reducing processing times for complex tasks, which could lead to improved operational efficiency for AT&T.
AT&T has reported that it successfully cut network optimization processing time from approximately one hour to less than 15 seconds using D-Wave’s quantum technology.
This agreement is part of AT&T’s broader strategy to leverage quantum computing, AI, and advanced analytics to modernize its network operations.
QBTS Technical Analysis: Momentum Vs Key Moving Averages
Currently, D-Wave Quantum Inc. is trading at $16.95, which places it 9.6% below its 20-day simple moving average (SMA) of $19.84 and 21.2% below its 50-day SMA of $22.75. The moving average convergence divergence (MACD) is below its signal line, indicating that momentum is fading, suggesting that the stock may struggle to maintain upward pressure unless it can reclaim that baseline.
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QBTS Earnings Preview And Analyst Price Targets
The countdown is on: D-Wave Quantum is set to report earnings on August 6, 2026 (confirmed).
- EPS Estimate: Loss of 10 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 forecast of $40.13. Recent analyst moves include:
- Mizuho: Outperform (Raises Target to $35.00) (June 15)
- Rosenblatt: Buy (Maintains Target to $43.00) (June 11)
- B. Riley Securities: Buy (Raises Target to $40.00) (June 2)
How D-Wave (QBTS) Ranks On Momentum And Market Signals
Below is the Benzinga Edge scorecard for D-Wave Quantum, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Bullish (Score: 83/100) — Stock is outperforming the broader market.
The Verdict: D-Wave Quantum’s Benzinga Edge signal reveals a momentum-driven story, indicating strong performance relative to the market. This momentum could be bolstered by the recent partnership with AT&T, positioning the company favorably for future growth.
QBTS ETF Exposure: Funds With Heavy D-Wave Weighting
- WisdomTree Quantum Computing Fund ETF (NASDAQ:WQTM): 5.25% Weight
- Tradr 2X Long QBTS Daily ETF (NASDAQ:QBTX): 116.95% Weight
- Roundhill Meme Stock ETF (NYSE:MEME): 5.67% 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 Price Action: D-Wave Quantum shares were up 8.01% at $17.50 during premarket trading on Monday, according to Benzinga Pro data.
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