D-Wave Quantum Inc (NYSE: QBTS) opened in the red this morning, but the pullback may be an opportunity to load up on the quantum computing name that’s emerging as a billionaires’ favourite.
In Q2, billionaire Paul Tudor Jones’ hedge fund acquired more than 0.87 million of QBTS shares, while Citadel Advisors of billionaire Ken Griffin loaded up on another 84,000 share,s roughly.
Millennium Management, led by Israel Englander, ramped up its stake by nearly 950% in the second quarter as well, now holding more than 380,000 shares of the quantum technology company.
Despite today’s decline, D-Wave stock is trading at nearly 8x its price in mid-January.
Why billionaire backing matters for D-Wave stock
When hedge fund titans pile into a stock, it often indicates more than just momentum – it suggests conviction.
These funds often deploy rigorous research and risk models before initiating positions – especially in speculative sectors like quantum computing.
Their entry into QBTS stock lends credibility to the company’s long-term potential and may attract further institutional interest.
While retail investors should still do their own homework, the presence of “smart money” can be a powerful vote of confidence.
It also helps boost liquidity and visibility, which are crucial for a business operating in a niche but rapidly evolving space.
For D-Wave shares, billionaire backing is more than hype – it’s validation.
QBTS shares benefit from a unique strategy
Unlike most quantum firms that focus solely on gate-based systems, D-Wave is pioneering a hybrid approach.
It offers both gate-model quantum computing and quantum annealing – a technique optimised for solving complex logistical and optimisation problems.
The dual architecture gives clients flexibility and positions D-Wave to serve a broader range of industries.
Its Advantage2 system, featuring over 4,400 qubits, has already been deployed in Europe under a €10 million deal with Swiss Quantum Tech.
Analysts have taken note, with Roth Capital recently lifting its price target on QBTS shares to $50, citing growing commercial traction. That indicates potential upside of another 65% from here.
In short, this unique strategy is helping D-Wave Quantum Inc stand out in a crowded field.
Is D-Wave leading the quantum race?
Quantum computing is no longer just theoretical – it’s inching closer to real-world application.
D-Wave’s partnerships with firms like Lockheed Martin and NEC, and its expanding cloud-based Leap service, show that commercialisation is underway.
While sceptics point to valuation concerns and operational losses, the company’s technological edge and growing customer base suggest it’s building something durable.
For investors, the recent surge in billionaire interest and analyst upgrades may be early signs of a long-term breakout.
As quantum computing moves from lab to enterprise, D-Wave stock could be one of the few names that define the sector’s future.
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