--- title: "D-Wave Quantum Stock Hits Pause After AT&T Deal Rally" type: "News" locale: "en" url: "https://longbridge.com/en/news/294060803.md" description: "D-Wave Quantum (QBTS) shares fell in premarket trading as investors took profits following a nearly 20% surge driven by an AT&T quantum computing agreement. The pullback occurs ahead of the company's Q2 earnings report on August 6, with analysts expecting a loss of 10 cents per share and revenue of $4.04 million. Despite technical resistance near the 50-day SMA, analyst consensus remains bullish with an average price target of $39." datetime: "2026-07-28T11:36:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294060803.md) - [en](https://longbridge.com/en/news/294060803.md) - [zh-HK](https://longbridge.com/zh-HK/news/294060803.md) generator: "portal-rs" --- # D-Wave Quantum Stock Hits Pause After AT&T Deal Rally **D-Wave Quantum Inc.** (NASDAQ:QBTS) stock fell in Tuesday premarket trading as investors took profits after the stock surged nearly 20% on Monday following its AT&T agreement. The pullback also comes ahead of the company’s earnings report next week. The broader market was also under pressure, with Nasdaq futures down 0.92% and S&P 500 futures off 0.03%. Investors are now weighing whether D-Wave can extend its recent momentum after Monday’s sharp, catalyst-driven advance. ## AT&T Agreement Sparked Recent Rally D-Wave’s rally followed an agreement with **AT&T Inc**. (NYSE:T) to expand quantum computing across its network operations. The deal highlights a commercial use case for D-Wave and also lifted peers **IonQ Inc.** (NYSE:IONQ), **Rigetti Computing Inc.** (NASDAQ:RGTI) and **Quantum Computing Inc.** (NASDAQ:QUBT). Quantum stocks rose Monday despite the Nasdaq falling 1.09% and the technology sector declining 2.18%, underscoring the group’s momentum-driven trading. **Read Also: Why Is IonQ Stock Soaring Monday?** ## Critical Levels To Watch For QBTS Stock From a trend perspective, QBTS is still trying to repair damage from earlier in the year: it’s trading 3.3% below its 20-day SMA ($19.68) and 16.2% below its 50-day SMA ($22.71). The longer-term backdrop also remains heavy, with the 50-day SMA below the 200-day SMA (a death cross that occurred in March), which often means rallies can face supply until price reclaims key averages. Momentum looks more “reset” than “extended,” with RSI at 48.66, a neutral reading that suggests the move is more about a bounce attempt than an overbought breakout. Key levels to watch are straightforward given where the moving averages sit overhead and where buyers previously defended the tape: - **Key Support**: $16.00 — a nearby downside level tied to a prior buyer-defense zone if momentum fades - **Key Resistance**: $22.00 — a round-number area that also sits near the 50-day SMA, where rebounds can stall ## D-Wave Quantum Earnings Outlook Attention is now shifting to D-Wave’s second-quarter earnings report, scheduled for August 6. - **EPS Estimate**: Loss of 10 cents (Down from a loss of 8 cents YoY) - **Revenue Estimate**: $4.04 million (Up from $3.10 million YoY) **Analyst Consensus & Recent Actions:** The stock carries a Buy rating with an average price forecast of $39.00 (high: $43.00; low: $30.00) across 18 analysts. Recent analyst moves include: - **Benchmark**: Initiated with Buy (Forecast $30.0000) (July 27) - **Mizuho**: Outperform (Raises forecast to $35.00) (June 15) ## **D-Wave Quantum** Price Action **QBTS Stock Price Activity:** D-Wave Quantum shares were down 2.75% at $18.97 during premarket trading on Tuesday, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: Quantum Stock Meltdown Sends These ETFs Soaring Up to 108%** ### Related Stocks - [QBTS.US](https://longbridge.com/en/quote/QBTS.US.md) - [QBTX.US](https://longbridge.com/en/quote/QBTX.US.md) - [QBTZ.US](https://longbridge.com/en/quote/QBTZ.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [IONQ.US](https://longbridge.com/en/quote/IONQ.US.md) - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [QUBT.US](https://longbridge.com/en/quote/QUBT.US.md) - [QBTS+.US](https://longbridge.com/en/quote/QBTS+.US.md) - [T-A.US](https://longbridge.com/en/quote/T-A.US.md) - [TBB.US](https://longbridge.com/en/quote/TBB.US.md) - [T-C.US](https://longbridge.com/en/quote/T-C.US.md) - [IONQ+.US](https://longbridge.com/en/quote/IONQ+.US.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) ## Related News & Research - [D-Wave Has Many Positive Attributes, But There’s a Better Name in the Quantum Sector](https://longbridge.com/en/news/297079880.md) - [3 Quantum Computing Stocks With Over 70% Upside, According to Analysts](https://longbridge.com/en/news/296655861.md) - [Quantum Stocks Looked Like Nvidia in 2019. 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