Most Active Stocks in Pre-Market on December 5, 2025: NVO, NIO, QBTS, SMR, BBAI, IONQ
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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- Podcast Launch: D-Wave Quantum Inc. announced the launch of its new podcast series 'Quantum Matters' on April 7, 2026, aimed at exploring the practical applications of quantum computing in business and science, reinforcing its unique position as the world's first commercial quantum computing company.
- Industry Leader Conversations: The podcast will feature discussions with industry leaders, researchers, and scientists on how quantum computing addresses complex computational challenges in sectors such as manufacturing, supply chain, aerospace, life sciences, and artificial intelligence, thereby driving business impact and scientific breakthroughs.
- Technology Application Showcase: D-Wave's VP Murray Thom stated that quantum computing technology has transitioned from theory to real-world deployment, and the podcast will elevate the voices of early adopters showcasing how they leverage this groundbreaking technology to achieve operational excellence.
- Regular Content Updates: The premiere episode will be available on YouTube and major podcast platforms on April 7, 2026, with subsequent episodes released biweekly, aiming to continuously share the latest advancements and applications of quantum computing.
Company Performance: D-Wave Quantum Inc. has had a strong start to 2026, with January bookings surpassing the entire year's bookings from 2025, largely due to significant deals, including a $10 million contract with a Fortune 100 company.
Stock Decline: Despite positive developments, D-Wave's stock has fallen approximately 44% in 2026, raising concerns among investors about the company's valuation and future performance.
Investor Sentiment: Investors are questioning whether to hold onto D-Wave shares or wait for a better price, as the company's cash reserves remain strong, suggesting some level of operational stability.
Market Outlook: Analysts indicate that while D-Wave may be oversold, it also appears overvalued relative to its sales, leading to mixed sentiments about the company's future growth and potential recovery in stock price.
- Market Potential: Quantum computing is viewed as the next big investment trend, capable of unlocking unprecedented problem-solving capabilities, which is expected to drive significant stock price increases, making early positioning a wise strategy for investors.
- IonQ's Strong Performance: IonQ reported a 429% year-over-year revenue increase to $62 million in Q4 2025, primarily from product sales and research contracts, with expectations to further grow revenue to $235 million in 2026, solidifying its leadership in the quantum computing sector.
- D-Wave's Growth Potential: D-Wave Quantum experienced a 179% revenue increase to $25 million in Q4, focusing on solutions for optimization problems, indicating strong market demand and competitive positioning in the quantum computing landscape.
- Alphabet's Strategic Advantage: As a nearly $4 trillion tech giant, Alphabet possesses virtually unlimited resources for quantum computing, and its cloud computing platform provides a unique competitive edge, potentially lowering investment risks in this emerging field.
- Market Potential: Quantum computing investments are rapidly emerging, expected to unlock unprecedented problem-solving capabilities, prompting investors to position themselves early, which could lead to significant stock price increases.
- IonQ's Strong Performance: IonQ's revenue surged 429% year-over-year to $62 million in Q4 2025, with projections of $235 million in 2026, underscoring its leadership in the quantum computing sector.
- D-Wave's Rapid Growth: D-Wave Quantum reported a 179% revenue increase to $25 million in Q4, focusing on optimization solutions, indicating substantial market potential and making it a compelling investment in quantum computing.
- Alphabet's Strategic Edge: As a nearly $4 trillion tech giant, Alphabet possesses vast resources and technological breakthroughs in quantum computing, with its cloud platform's quantum capabilities poised to provide a significant competitive advantage.
- Market Potential: Quantum computing is seen as the next big investment opportunity, capable of solving previously unimaginable problems, and as the technology matures, it is expected to drive significant stock price increases, making early investment positioning crucial for potential gains.
- IonQ's Revenue Surge: IonQ reported a staggering 429% year-over-year revenue increase to $62 million in Q4 2025, primarily from product sales and research contracts, with projections for 2026 revenue to rise to $235 million, highlighting its leadership in the quantum computing sector.
- D-Wave's Rapid Growth: D-Wave Quantum experienced a 179% revenue increase to $25 million in Q4, focusing on solutions for optimization problems, indicating a substantial market presence and growth potential in the quantum computing landscape.
- Alphabet's Strategic Edge: As a nearly $4 trillion tech giant, Alphabet possesses vast resources and technological breakthroughs in quantum computing, with its cloud platform's quantum capabilities poised to offer new solutions to clients, thereby reducing investment risk and enhancing market competitiveness.
Market Sentiment: As spring approaches, investors are hoping for an end to the March Madness in stocks, but major indexes closed below their 200-day moving averages, indicating a bearish sentiment influenced by persistent inflation data.
Investment Opportunities: Amid market volatility, analysts suggest there are still opportunities to be found, particularly in retail stocks like Dollar Tree and Ollie's Bargain Outlet, which have shown positive results despite cautious guidance.
Tech Sector Dynamics: The tech sector is experiencing fluctuations, with companies like PayPal facing downward pressure due to takeover rumors, while others like Cloudflare are gaining attention for their potential growth in the AI space.
Stock Splits and Market Trends: Investors are advised to watch for potential stock splits in 2026, as several companies may consider this move based on stock price performance, while also keeping an eye on legislative trading activities that could impact market dynamics.











