D-Wave Surged 18%, Rigetti Jumped 19% on November 6. Can the Rebound Last?
D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) stocks rose 18% and 19% respectively on November 6, rebounding from prior declines. D-Wave's revenue is projected to reach $42.5M in 2026 and $80.6M in 2027, but recent quarters missed estimates. Both companies report earnings soon, with revenue growth in focus. D-Wave has a new partnership and product upgrade, while Rigetti has strong cash reserves.
How this was made
The 30-second read
Why it matters
The article highlights fresh price moves and an analyst downgrade, providing a timely trading hook before earnings.
Market read
Both stocks experienced double‑digit rebounds, with D‑Wave facing a target cut and upcoming earnings, creating short‑term trading opportunities.
What to watch
D‑Wave's non‑binding LG CNS agreement and new Stride solver could provide upside not reflected in the target cut.
Background
Quantum‑computing stocks have been volatile after a sector sell‑off; recent guidance from peer IonQ lifted sentiment.
Ticker impact
D‑Wave Quantum surged 18% on Nov 6 and received a B. Riley price‑target cut to $22 on Nov 9.
likely pressure as the market prices in the lower target
Analyst downgrade and a large same‑day move are fresh catalysts; earnings will add uncertainty.
Rigetti Computing jumped 19% on Nov 6 after a prior decline and has earnings scheduled after the close on Nov 6.
potential short‑term upside pending earnings surprise
Price jump is fresh but lacks a concrete catalyst beyond market sentiment; earnings will be the next driver.
Market effects
Quantum‑computing sector may see heightened volatility as peers react to D‑Wave's target cut and upcoming earnings.
North American tech markets could be modestly affected by the moves in these micro‑caps.
Limited to niche investors; no broad market impact.
Counterpoint
The price cuts may be overblown; strong cash position and upcoming earnings could support a rebound.
Key entities
- companyD‑Wave Quantum
Quantum‑computing firm listed on Nasdaq (QBTS).
- companyRigetti Computing
Quantum‑computing firm listed on Nasdaq (RGTI).
