D-Wave Quantum Stock (QBTS) Skyrockets 1,244% – Here’s Who’s Cashing In

Quantum computing just made Wall Street’s head spin—again. D-Wave’s QBTS stock defies gravity with a 1,244% surge, leaving traditional tech plays in the dust. Who’s holding the golden tickets?

The usual suspects? Not quite. While retail traders chase memecoins, institutional whales quietly stacked QBTS before the pop. Now they’re sitting pretty while the FOMO crowd scrambles for scraps.

Quantum’s hype cycle strikes again—this time with actual revenue growth backing the madness. Just don’t ask the shorts how their ‘overvalued’ thesis is working out.

Funny how the ‘next big thing’ always looks obvious… after it moons. Meanwhile, your index fund returned 7% this year. *slow clap*

Confident Investing Starts Here:

• Easily unpack a company''s performance with TipRanks'' new KPI Data for smart investment decisions
• Receive undervalued, market resilient stocks right to your inbox with TipRanks'' Smart Value Newsletter

Now, according to TipRanks’ ownership page, public companies and individual investors hold the largest share of QBTS at 74.65%. They’re followed by insiders and ETFs, each owning 8.51%. Mutual funds and other institutional investors hold 4.38% and 3.95%, respectively.

Digging Deeper into QBTS’s Ownership Structure

Looking closely at top shareholders, Public Sector Pension Investment Board owns the highest stake in QBTS at 6.60%. Following that is Vanguard, who owns about 3.45% of the company.

Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2% stake in D-Wave Quantum stock, followed by the Defiance Quantum ETF (QTUM), with a 1.85% stake.

Moving to mutual funds, Vanguard Index Funds holds about 3% of QBTS. Meanwhile, Fidelity Concord Street Trust owns 0.50% of the company.

Is D-Wave a Good Stock to Buy?

D-Wave is currently covered by six Wall Street analysts, all of whom hold a bullish outlook. The stock carries a Strong Buy consensus rating, with all six analysts assigning a Buy rating over the past three months. However, QBTS’s average price target of $14.20 suggests approximately 11.25% downside potential over the next twelve months.