Most Active Stocks in Pre-Market on December 5, 2025: NVO, NIO, QBTS, SMR, BBAI, IONQ
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Should l Buy QBTS?
Source: NASDAQ.COM
NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 Pre-Market Indicator is down 0.41 to 25,581.29, with a total pre-market volume of 91,889,714 shares traded.
Most Active Stocks: Novo Nordisk A/S (NVO) is up 0.83 at $48.82, NIO Inc. (NIO) is up 0.17 at $5.18, and D-Wave Quantum Inc. (QBTS) is up 0.32 at $29.05, with significant trading volumes for each.
Earnings Forecasts: D-Wave Quantum Inc. has had four upward revisions for its earnings forecast for the fiscal quarter ending December 2025, with a consensus EPS forecast of $-0.05.
Stock Recommendations: IonQ, Inc. (IONQ) and D-Wave Quantum Inc. (QBTS) are both in the "buy range" according to current mean recommendations, while BigBear.ai, Inc. (BBAI) is trading close to its target price.
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Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.650
Low
35.00
Averages
40.67
High
48.00
Current: 14.650
Low
35.00
Averages
40.67
High
48.00
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
D-Wave Systems Faces Execution Risks Amid Quantum Hype
- Market Potential and Risks: D-Wave Systems (NYSE: QBTS) is emerging as a highlight in commercial quantum computing, yet its stock remains caught between significant upside potential and serious execution risks, necessitating cautious evaluation by investors.
- Market Confidence Issues: Despite high expectations for D-Wave's future, analysts remain skeptical about its ability to achieve commercialization, particularly regarding whether the company can fulfill the promises made during the hype.
- Investment Recommendations: The Motley Fool's analyst team has identified 10 top stocks for investors to consider, notably excluding D-Wave Quantum, indicating a lack of confidence in its future performance that may influence investor decisions.
- Historical Return Comparisons: Compared to the investment returns of Netflix in 2004 and Nvidia in 2005, D-Wave's performance has yet to demonstrate similar potential, reflecting the challenges it faces in a highly competitive market.
See More
Nvidia's AI Models Propel Quantum Computing Stocks
- Quantum Stocks Surge: Quantum computing stocks experienced significant gains, with D-Wave Quantum's shares rising nearly 16% following Nvidia's announcement of AI models, reflecting strong market confidence and investment enthusiasm in quantum technology.
- Launch of Nvidia Ising Models: Nvidia's Ising models, specifically designed to enhance quantum technology, aim to improve quantum processor operations and error detection, and are open-source, allowing developers to modify them freely, thus promoting widespread adoption.
- Adoption by Industry Leaders: Numerous quantum enterprises and research organizations, including Harvard University and the U.K. National Physical Laboratory, have already adopted Nvidia's Ising models, indicating growing recognition and acceptance of this technology in both academia and industry.
- Optimistic Market Outlook: Although Nvidia did not explicitly name D-Wave Quantum as an adopter of the Ising models, the launch is viewed as a significant positive for the quantum computing sector, potentially encouraging more developers and companies to engage, thereby accelerating industry growth.
See More
Nvidia Launches Open Source Ising Models to Advance Quantum Computing
- Technological Innovation: Nvidia's newly launched Ising models are specifically designed to enhance quantum technology, focusing on improving quantum processor operations and error detection, marking a significant convergence of AI and quantum computing.
- Market Reaction: Following this announcement, stocks of companies in the quantum computing sector surged, with D-Wave Quantum's stock rising nearly 16%, reflecting strong market confidence in the future of quantum technology.
- Open Source Advantage: The Ising models are entirely open source, allowing developers to modify them freely, which fosters technological sharing and innovation in the quantum computing field, attracting adoption from various research institutions, including Harvard University and the UK National Physical Laboratory.
- Industry Outlook: The introduction of the Ising models is seen as a major win for the quantum computing industry, and if their performance meets expectations, they will provide quantum developers with powerful tools, thereby accelerating the rapid growth of the entire sector.
See More
Nvidia Launches Ising Quantum AI Model for Enterprises
- Quantum Computing Breakthrough: Nvidia's newly launched Ising quantum AI model enables enterprises to transform quantum processors into large-scale, reliable computers, achieving up to 2.5 times faster performance and three times higher decoding accuracy, significantly enhancing the practicality and application potential of quantum computing.
- AI Control Plane: CEO Jensen Huang stated that AI serves as the 'control plane' for quantum machines, laying the groundwork for the future of quantum computing by transforming fragile qubits into scalable quantum-GPU systems through the Ising model.
- Open Source Availability: The Ising model is now available on GitHub, Hugging Face, and Nvidia's own platform, allowing enterprises to directly access and apply it to tackle more complex quantum problems, further promoting the adoption of quantum computing.
- Positive Market Reaction: Nvidia's push into quantum computing has led to a surge in related stocks, with shares of D-Wave Quantum, Rigetti Computing, and Quantum Computing rising between 9% to 14% during trading, reflecting strong market confidence in quantum technology.
See More
D-Wave Systems: Balancing Quantum Hype and Execution Risks
- Market Potential Analysis: D-Wave Systems' stock price increased by 3.14% on April 7, 2026, indicating strong market interest in its quantum computing commercialization, although it still faces execution risks, suggesting investor caution regarding future growth.
- Execution Risk Warning: Despite showing potential for commercialization, D-Wave Systems' success hinges on its ability to effectively address market skepticism about its technology; failure to achieve expected growth could lead to increased stock price volatility.
- Market Confidence Trends: The video analysis highlights that D-Wave Systems' future development will depend on its ability to deliver on promises in the quantum computing space; successfully attracting more investors could enhance market confidence and drive stock price increases.
- Industry Competitive Pressure: In the quantum computing sector, D-Wave Systems faces competition from other tech companies, and failure to achieve breakthroughs in technology and market promotion could impact its market share and long-term growth prospects.
See More
D-Wave Quantum Stock Experiences Significant Pullback Amid Geopolitical Tensions
- Stock Pullback: D-Wave Quantum's share price fell by 23.2% in March, while the S&P 500 and Nasdaq Composite declined by 5.1% and 4.8%, respectively, indicating the market's sensitivity to geopolitical risks.
- Market Sentiment Impact: Despite the absence of negative company-specific news, D-Wave's stock is down approximately 45% year-to-date due to risk-off sentiment stemming from the Iran war, highlighting its high dependence on macroeconomic changes.
- Oil Price Volatility: Iran's move to reduce the number of ships passing through the Strait of Hormuz, a route for 20% of global oil shipments, has led to spikes in oil prices, exacerbating market uncertainty and affecting investor confidence in D-Wave.
- Analyst Rating Adjustment: Mizuho's report on April 7 maintained an outperform rating for D-Wave but lowered its one-year price target from $40 to $30 per share, suggesting a potential upside of about 116.5%, yet this cautious valuation adjustment reflects analysts' conservative outlook on quantum stocks.
See More
D-Wave Systems Faces Execution Risks Amid Quantum Hype
- Market Potential and Risks: D-Wave Systems (NYSE: QBTS) is emerging as a highlight in commercial quantum computing, yet its stock remains caught between significant upside potential and serious execution risks, necessitating cautious evaluation by investors.
- Market Confidence Issues: Despite high expectations for D-Wave's future, analysts remain skeptical about its ability to achieve commercialization, particularly regarding whether the company can fulfill the promises made during the hype.
- Investment Recommendations: The Motley Fool's analyst team has identified 10 top stocks for investors to consider, notably excluding D-Wave Quantum, indicating a lack of confidence in its future performance that may influence investor decisions.
- Historical Return Comparisons: Compared to the investment returns of Netflix in 2004 and Nvidia in 2005, D-Wave's performance has yet to demonstrate similar potential, reflecting the challenges it faces in a highly competitive market.
See More
Nvidia's AI Models Propel Quantum Computing Stocks
- Quantum Stocks Surge: Quantum computing stocks experienced significant gains, with D-Wave Quantum's shares rising nearly 16% following Nvidia's announcement of AI models, reflecting strong market confidence and investment enthusiasm in quantum technology.
- Launch of Nvidia Ising Models: Nvidia's Ising models, specifically designed to enhance quantum technology, aim to improve quantum processor operations and error detection, and are open-source, allowing developers to modify them freely, thus promoting widespread adoption.
- Adoption by Industry Leaders: Numerous quantum enterprises and research organizations, including Harvard University and the U.K. National Physical Laboratory, have already adopted Nvidia's Ising models, indicating growing recognition and acceptance of this technology in both academia and industry.
- Optimistic Market Outlook: Although Nvidia did not explicitly name D-Wave Quantum as an adopter of the Ising models, the launch is viewed as a significant positive for the quantum computing sector, potentially encouraging more developers and companies to engage, thereby accelerating industry growth.
See More
Nvidia Launches Open Source Ising Models to Advance Quantum Computing
- Technological Innovation: Nvidia's newly launched Ising models are specifically designed to enhance quantum technology, focusing on improving quantum processor operations and error detection, marking a significant convergence of AI and quantum computing.
- Market Reaction: Following this announcement, stocks of companies in the quantum computing sector surged, with D-Wave Quantum's stock rising nearly 16%, reflecting strong market confidence in the future of quantum technology.
- Open Source Advantage: The Ising models are entirely open source, allowing developers to modify them freely, which fosters technological sharing and innovation in the quantum computing field, attracting adoption from various research institutions, including Harvard University and the UK National Physical Laboratory.
- Industry Outlook: The introduction of the Ising models is seen as a major win for the quantum computing industry, and if their performance meets expectations, they will provide quantum developers with powerful tools, thereby accelerating the rapid growth of the entire sector.
See More
Nvidia Launches Ising Quantum AI Model for Enterprises
- Quantum Computing Breakthrough: Nvidia's newly launched Ising quantum AI model enables enterprises to transform quantum processors into large-scale, reliable computers, achieving up to 2.5 times faster performance and three times higher decoding accuracy, significantly enhancing the practicality and application potential of quantum computing.
- AI Control Plane: CEO Jensen Huang stated that AI serves as the 'control plane' for quantum machines, laying the groundwork for the future of quantum computing by transforming fragile qubits into scalable quantum-GPU systems through the Ising model.
- Open Source Availability: The Ising model is now available on GitHub, Hugging Face, and Nvidia's own platform, allowing enterprises to directly access and apply it to tackle more complex quantum problems, further promoting the adoption of quantum computing.
- Positive Market Reaction: Nvidia's push into quantum computing has led to a surge in related stocks, with shares of D-Wave Quantum, Rigetti Computing, and Quantum Computing rising between 9% to 14% during trading, reflecting strong market confidence in quantum technology.
See More
D-Wave Systems: Balancing Quantum Hype and Execution Risks
- Market Potential Analysis: D-Wave Systems' stock price increased by 3.14% on April 7, 2026, indicating strong market interest in its quantum computing commercialization, although it still faces execution risks, suggesting investor caution regarding future growth.
- Execution Risk Warning: Despite showing potential for commercialization, D-Wave Systems' success hinges on its ability to effectively address market skepticism about its technology; failure to achieve expected growth could lead to increased stock price volatility.
- Market Confidence Trends: The video analysis highlights that D-Wave Systems' future development will depend on its ability to deliver on promises in the quantum computing space; successfully attracting more investors could enhance market confidence and drive stock price increases.
- Industry Competitive Pressure: In the quantum computing sector, D-Wave Systems faces competition from other tech companies, and failure to achieve breakthroughs in technology and market promotion could impact its market share and long-term growth prospects.
See More
D-Wave Quantum Stock Experiences Significant Pullback Amid Geopolitical Tensions
- Stock Pullback: D-Wave Quantum's share price fell by 23.2% in March, while the S&P 500 and Nasdaq Composite declined by 5.1% and 4.8%, respectively, indicating the market's sensitivity to geopolitical risks.
- Market Sentiment Impact: Despite the absence of negative company-specific news, D-Wave's stock is down approximately 45% year-to-date due to risk-off sentiment stemming from the Iran war, highlighting its high dependence on macroeconomic changes.
- Oil Price Volatility: Iran's move to reduce the number of ships passing through the Strait of Hormuz, a route for 20% of global oil shipments, has led to spikes in oil prices, exacerbating market uncertainty and affecting investor confidence in D-Wave.
- Analyst Rating Adjustment: Mizuho's report on April 7 maintained an outperform rating for D-Wave but lowered its one-year price target from $40 to $30 per share, suggesting a potential upside of about 116.5%, yet this cautious valuation adjustment reflects analysts' conservative outlook on quantum stocks.
See More
