Expectations for quantum computing are rising, with global revenues projected to reach $9 billion by 2030, showing over 40% annual growth. D-Wave Quantum (QBTS) announced a $550 million agreement to acquire Quantum Circuits Inc., aiming to build a fully error-corrected gate-model quantum computer by 2026. Despite heavy spending and losses, QBTS reported quarterly revenue of $3.7M, up 100% from last year. D-Wave showcased a breakthrough in on-chip control of gate-model qubits, expanding its reach in Europe and advancing quantum AI innovation.

Analysts predict a strong future for QBTS, with a consensus “Strong Buy” rating and a mean target price of $38.93, implying a 38.5% upside from the current price of $28.11. While QBTS remains a high-risk speculative buy, recent strategic developments and analyst optimism suggest potential for growth in the coming year.

Read more at Barchart: D-Wave Just Got a ‘Formidable’ Quantum Computing ‘Ally.’ Should You Buy QBTS Stock Here?