Investor sentiment for quantum computing stocks is wavering as D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) compete for attention amid ongoing technological progress and government support. As of mid-2026, both companies have experienced declines, with QBTS down 16.3% and RGTI down 16.9% year to date, influenced by high interest rates and geopolitical uncertainty.
D-Wave enters the second half of 2026 with strong commercial execution, reporting record bookings and a diverse customer base across various sectors, while Rigetti showcases significant technological advancements, including the launch of its 108-qubit Cepheus-1 system and achieving nearly 199% year-over-year revenue growth. Analysts express caution regarding D-Wave’s near-term earnings outlook, while Rigetti has seen more stable earnings estimates but is rated a Zacks Rank #4 (Sell).
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