D-Wave Quantum Just Announced an Expanded Deal. Should You Buy the Stock Now?
Shares of D-Wave Quantum (QBTS -8.23%) jumped Monday morning on the announcement that AT&T (T +1.37%) is expanding its use of the company’s quantum computing technology across its network operations. This is excellent news in a rough year for D-Wave’s stock, which is down more than 26% in 2026.
So should investors buy D-Wave Quantum’s stock now?
Today’s Change
(-8.23%) $-1.61
Current Price
$17.91
Key Data Points
Market Cap
Day’s Range
$17.27 – $18.89
52wk Range
$12.75 – $46.75
Volume
630.6K
Avg Vol
30.8M
Gross Margin
32.92%
This new agreement with AT&T expands on a pilot program that demonstrated D-Wave’s annealing quantum computing cut processing time for a network optimization workload by 240x, from approximately one hour to 15 seconds.
Ultimately, this result with AT&T could catalyze D-Wave as other companies take notice of the real-world results from the pilot program. The quantum computing industry as a whole could use a boost, having largely lost investor enthusiasm this year after a 2025 run-up.
Image source: The Motley Fool.
D-Wave’s stock is still highly speculative and volatile. The commercial applicability of quantum commuting is largely unknown and untested. This nod of credibility from AT&T should help. Investors in D-Wave need to proceed with patience and caution, however, as the company has relatively little revenue compared to its losses.
On the positive side, D-Wave has more than $42 million in remaining performance obligations (RPO), a 563% year-over-year increase. The AT&T deal, paired with this jump in RPOs, could signal real traction for D-Wave’s technology.
With the stock down significantly in 2026, risk-tolerant long-term investors willing to tolerate continued volatility may see the AT&T deal as the cue to climb aboard.
