D-Wave Quantum Inc. trades on Nasdaq under the ticker “QBTS.” Founded in 2020, the company’s stock hit a low of $0.40 in May 2023. Since then, it has surged, increasing 41 times by November 2024. Currently, QBTS is performing well, trading around its low from August 2025. It is projected to reach between $41.25 and $43.95, with the possibility of climbing to $46.87 and $47.93 if momentum continues. A correction is expected in 3, 7, or 11 swings, with a likely retracement of between 0.236 and 0.382 Fibonacci levels of (3). Since May 2023, the stock has shown strong growth, currently in ((3)) of its upward trend. Significant highs and lows across 2024 and 2025 include $3.20, $10.50, and $11.41. Key points were noted in December 2024 and January 2025, and in 2025, the stock exceeded $20.56 after recovering from a double correction low of $14.20 in August. This article does not offer investment advice. Please conduct your own research before making investment decisions. FXStreet and the author are not responsible for any information you use and do not provide personalized recommendations. Based on this analysis, D-Wave Quantum (QBTS) is approaching a short-term peak after an impressive rise since late 2024. The stock is expected to push into the $41.25 – $43.95 range before a notable pullback begins. Taking new long positions at this point could be risky, as we may be in the last phase of the current upward trend that started in August 2025. With a remarkable gain of over 4,000% in the past year, the options market is seeing high implied volatility, resulting in expensive options premiums. This indicates that the market expects continued large price fluctuations, which aligns with our view of an upcoming correction. Thus, derivative strategies should focus on preparing for the next move, likely a temporary downturn. The outlook for the quantum computing industry remains very positive, with forecasts suggesting it will grow beyond $65 billion by 2030. This indicates that any significant drop in QBTS should be viewed as a buying opportunity rather than a sign of a trend reversal. We’ve seen this volatile yet upward price movement in notable tech stocks like NVIDIA during its strong runs in 2023 and 2024, where sharp pullbacks served as healthy consolidation periods. For the next few weeks, the best strategy is to be patient and watch for signs that this upward wave is losing steam. When the rally starts to stall and a pullback occurs, traders might consider buying near-term put options to take advantage of the anticipated correction. This correction, or wave (4), is expected to pull back some of the gains since the August low of $14.20. As the correction stabilizes, we may adjust our strategy. Selling cash-secured puts at a lower price could be an effective way to earn premiums or buy the stock at a discount. For those looking to position themselves for the next significant upward movement, purchasing long-dated call options after the pullback shows a clear bottom will be the ideal approach.

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