QBTS Shares Pull Back After Recent Rally

D-Wave Quantum Inc. (NYSE: QBTS) stock slid in early trading on Friday, September 19, dipping 2.46% to $23.43 as profit-taking weighed on the quantum computing leader. While still up sharply year-to-date, QBTS ranked among the session’s top pre-market decliners, highlighting a brief pause after this week’s record highs.

A modest reversal follows QBTS’s 19% jump on Thursday, when the company’s inaugural Qubits Japan 2025 conference spurred a surge in Asia-Pacific bookings and investor enthusiasm.

Market Reaction

• Pre-Market Range: $23.13-$23.49
• Previous Close: $24.02
• Pre-Market Change: -$0.59 (-2.46%)

Sector Context Despite today’s pullback, quantum computing stocks remain in focus after a multi-day rally. Thursday’s Qubits Japan event vaulted QBTS to an all-time high, part of broader gains for peers IonQ and Rigetti Computing. Analysts caution that short-term volatility may intensify after explosive moves, suggesting a consolidation phase could precede further upside.

Outlook Traders eye key support levels near $23.00, while resistances around $24.50 may cap upside in the near term. Long-term investors remain bullish on QBTS’s growth trajectory, though market watchers advise disciplined entries amid sharp swings in this emerging sector.