Finance

QBTS Stock or Quantum ETFs like WQTM and CQTM: What to Buy Now

As quantum computing investors eagerly await the latest updates from the industry's leading firms in time for the release of the second quarter in August, the threat of emerging names is real.

Quantum Wave Today

$17.15 -0.20 (-1.15%)

From 02:13 PM East

52 week interval
$12.75

$46.75

Target Value
$36.80

This is especially true given that some of those top pure-play quantum names have faced stubborn share price punishment throughout the summer. Company D-Wave Quantum Inc. NYSE: QBTS is one of those companies, with a total return of more than -32% year to date (YTD) and a positive downward trend since early June.

Recent earnings updates can provide clarity on which companies may be in the best position to replace their stocks. But the big question on the minds of some investors may be whether the quantum industry has advanced enough to warrant individual investment in companies at this stage—after all, many firms are either pre-profit or have narrow top and bottom lines relative to their valuations—or whether a broader area approach might be a better bet for now.

The case of Quantum ETFs in this Section

A few quantum companies have begun to separate themselves from the wider pack, but perhaps not so much as to clearly identify a leader. All firms continue to struggle to market their products on a large scale, turning technological advances into products that address common, real-world needs, and expanding their customer bases.

With this in mind, a safer bet than taking a chance on one or more companies may be to target exchange-traded funds (ETFs) that track the quantum space. Investors should be aware, however, that some of these funds have a broad technology focus, so finding a true quantum ETF can be tricky.

WisdomTree Quantum Computing Fund Today

WQTMWQTM performance for 90 days

The WisdomTree Quantum Computing Fund

$31.44 -0.64 (-2.00%)

From 01:43 PM East

52 week interval
$23.18

$41.38

Assets Under Administration
$295.82 million

A bag like WisdomTree Quantum Computing Fund Bats: WQTM is one of those funds. Tracking an index of pure quantum names and more established industry leaders with quantum access, the fund maintains a basket of approximately 46 equally weighted names.

WQTM focuses on US companies but also has international names, ensuring a broad perspective of the emerging quantum space.

Although assets under management (AUM) are modestly under $300 million, trading volume is relatively high.

Best of all, perhaps, the diversification provided by this fund has allowed us to post returns of over 20% YTD, outperforming the broader market on the strength of those outstanding quantum names this year. Given all this with an average expense ratio of 0.45%, WQTM offers a compelling access point.

Corgi Quantum Computing ETF today

Corgi Quantum Computing ETF logo
CQTMCQTM performance for 90 days

Corgi Quantum Computing ETF

$23.06 -0.21 (-0.90%)

From 01:46 PM East

52 week interval
$22.35

$35.04

Assets Under Administration
$13.18 million

Another option is Corgi Quantum Computing ETF Bats: CQTMactively managed fund launched in May 2026.

With an even more modest AUM and low trading volume, this fund is still starting from scratch.

However, it differs in its active approach and passive portfolio management, with the fund having only 21 positions.

With an annual fee of 0.35%, CQTM is actually cheaper than many passively managed alternatives. However, returns are difficult to assess at this early stage, making CQTM a guessing game.

The D-Wave case

If there was one quantum stock to focus on instead of a broader ETF, D-Wave would be a strong candidate. The main reasons this company stands out have been consistent in many areas: ID-Wave is the only major gaming firm that takes a two-pronged technical approach to the quantum challenge, it continues to hold strong reserves while not being afraid to use it for strategic purchases and other projects, and its backlog and demand continue to grow.

ID-Wave Quantum Stock Forecast Today

12 Month Stock Price Forecast:
$36.80
Buy Medium
Based on 17 Analyst Ratings
Current Price $17.36
High Forecast $45.00
Average prediction $36.80
Low Prognosis $22.00

D-Wave Quantum Stock Forecast Details

The big question when D-Wave releases its Q2 2026 earnings will be whether it can control its revenue growth engines, as the company has achieved a number of R&D milestones recently but has never sold with the same level of success as some of its competitors.

The company's valuation is also a concern: even after the recent dip, it trades at a price-to-sales (P/S) ratio of 267.9, which is very high given Q1 revenue of less than $3 billion. Something may have to give—either sales will need to improve significantly, or the price may need to drop further, or both—for cost-conscious investors to take a serious look.

This hasn't stopped Wall Street from continuing to view QBTS as a strong pick. Buy ratings number 14, while Sell and Hold total three, indicating broad support from analysts. They also expect the share price to more than double.

Before you consider the D-Wave Quantum, you'll want to hear this.

MarketBeat tracks Wall Street's top and most effective research analysts and the stocks they recommend to their clients every day. MarketBeat identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and D-Wave Quantum wasn't on the list.

Although D-Wave Quantum currently has an Average Buy rating among analysts, top analysts believe these five stocks are the best.

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