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
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: 25.740
Low
35.00
Averages
40.67
High
48.00
Current: 25.740
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 Quantum Computing Technology Sees Surge in Orders
- Surge in Orders: D-Wave Quantum reported bookings of $33.4 million in Q1 2026, reflecting a staggering 1,994% year-over-year increase, indicating a strong market demand for quantum computing products that could attract more investor interest.
- Technology Application: The company's quantum annealing computer specializes in optimization problems, capable of reducing multi-week manufacturing scheduling tasks to just hours, significantly cutting costs and showcasing the real-world potential of quantum computing, thereby driving industry growth.
- Diverse Clientele: Florida Atlantic University purchased a $20 million computer from D-Wave, while another Fortune 100 company entered a $10 million agreement, demonstrating the expanding applications of quantum computing across various sectors, which may lead to more orders for the company.
- Market Risks: Despite the promising outlook for D-Wave's technology, investors should exercise caution due to the high-risk nature of the quantum computing sector, suggesting a moderate investment approach or opting for quantum exchange-traded funds that include D-Wave to mitigate risks.
See More
D-Wave Quantum Shares Surge After Record Bookings Growth
- Significant Order Growth: D-Wave's first-quarter bookings surged 1,994% year-over-year to $33.4 million, including a $20 million system sale to Florida Atlantic University, indicating strong demand in the quantum computing market and enhancing future revenue visibility.
- Substantial Performance Obligations Increase: Remaining performance obligations jumped 563% year-over-year to $42.4 million, reflecting increased confidence in future revenue recognition, with a substantial portion expected in the second half of 2026, further solidifying market position.
- Strategic Acquisition Impact: Following the acquisition of Quantum Circuits, D-Wave has positioned itself as the only quantum computing firm with both annealing and gate-model systems, targeting approximately 175 physical qubits by 2028, enhancing its technological competitiveness and market appeal.
- Expansion of Commercial Applications: D-Wave's annealing systems are increasingly applied in AI and blockchain, with a collaboration with Shionogi resulting in a tenfold increase in drug-like molecules, showcasing the technology's potential in real-world applications and boosting investor confidence.
See More
GlobalFoundries Launches Quantum Computing Business Unit with $375 Million Investment
- New Quantum Unit: GlobalFoundries has announced the establishment of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: The company secured a $375 million investment commitment from the U.S. Department of Commerce, which will be used to enhance its manufacturing capabilities for quantum technology, thereby strengthening its competitive position in the rapidly evolving quantum market.
- Significant Stock Surge: Following the announcement of new quantum initiatives and government support, GlobalFoundries' stock surged 20.6% this week, reflecting strong market confidence in its future growth potential.
- Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's quantum investment push, further solidifying its leading position in the quantum computing space and attracting investor interest.
See More
GlobalFoundries Stock Soars on Quantum Technology News
- Significant Stock Surge: GlobalFoundries' stock price surged by 20.6% this week, contrasting with the S&P 500's 0.9% increase, indicating strong performance in the quantum computing sector that is likely to enhance its market position.
- New Quantum Business Unit: On May 21, the company announced the launch of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: GlobalFoundries secured a $375 million letter of intent from the U.S. Department of Commerce, which will be used to bolster its manufacturing capabilities for quantum technology, further solidifying its competitive edge in the quantum computing market.
- Increased Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's latest quantum investment push, highlighting its potential in the quantum space and likely attracting more investor interest.
See More
D-Wave Quantum Computing Technology Advances Rapidly
- Technological Breakthrough: D-Wave Quantum's quantum annealing computer has successfully been applied to optimization problems, reducing multi-week manufacturing scheduling tasks to mere hours, significantly lowering costs and showcasing the potential of quantum computing in real-world applications.
- Surge in Orders: The company reported a total of $33.4 million in bookings for Q1 2026, a staggering 1,994% year-over-year increase, including a $20 million order from Florida Atlantic University and a $10 million agreement with a Fortune 100 company, indicating strong market demand for quantum computing products.
- Optimistic Market Outlook: As quantum computing technology continues to evolve, D-Wave and its peers are likely to benefit from the growing interest in the market, although investors should approach this high-risk sector with caution.
- Investment Strategy Advice: Given the uncertainties surrounding D-Wave's future, investors are advised to maintain moderate exposure to tech stocks or consider quantum exchange-traded funds that include D-Wave to capitalize on the gradual maturation of the technology.
See More
U.S. Government Increases Investment in Quantum Computing
- Market Growth Potential: Grand View Research forecasts that the global quantum computing market will expand at a 20.5% CAGR from 2025 to 2030, indicating significant commercial application prospects, particularly in AI processing, supply chain optimization, and cybersecurity.
- Government Investment Incentives: The U.S. Department of Commerce has signed nine letters of intent to provide $2.01 billion in federal incentives under the CHIPS and Science Act, including substantial investments in IBM and GlobalFoundries, which are expected to drive growth in their quantum computing businesses.
- IBM Business Diversification: IBM is set to receive $1 billion for building new quantum computing foundries, further enhancing its hybrid cloud and AI business expansion, thereby offsetting the slower growth of its traditional software and hardware sectors.
- Support for Emerging Competitors: The Department of Commerce will allocate up to $100 million for companies like Atom Computing, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti, aiming to foster diverse investments that could propel the quantum computing market's growth beyond its current niche.
See More
D-Wave Quantum Computing Technology Sees Surge in Orders
- Surge in Orders: D-Wave Quantum reported bookings of $33.4 million in Q1 2026, reflecting a staggering 1,994% year-over-year increase, indicating a strong market demand for quantum computing products that could attract more investor interest.
- Technology Application: The company's quantum annealing computer specializes in optimization problems, capable of reducing multi-week manufacturing scheduling tasks to just hours, significantly cutting costs and showcasing the real-world potential of quantum computing, thereby driving industry growth.
- Diverse Clientele: Florida Atlantic University purchased a $20 million computer from D-Wave, while another Fortune 100 company entered a $10 million agreement, demonstrating the expanding applications of quantum computing across various sectors, which may lead to more orders for the company.
- Market Risks: Despite the promising outlook for D-Wave's technology, investors should exercise caution due to the high-risk nature of the quantum computing sector, suggesting a moderate investment approach or opting for quantum exchange-traded funds that include D-Wave to mitigate risks.
See More
D-Wave Quantum Shares Surge After Record Bookings Growth
- Significant Order Growth: D-Wave's first-quarter bookings surged 1,994% year-over-year to $33.4 million, including a $20 million system sale to Florida Atlantic University, indicating strong demand in the quantum computing market and enhancing future revenue visibility.
- Substantial Performance Obligations Increase: Remaining performance obligations jumped 563% year-over-year to $42.4 million, reflecting increased confidence in future revenue recognition, with a substantial portion expected in the second half of 2026, further solidifying market position.
- Strategic Acquisition Impact: Following the acquisition of Quantum Circuits, D-Wave has positioned itself as the only quantum computing firm with both annealing and gate-model systems, targeting approximately 175 physical qubits by 2028, enhancing its technological competitiveness and market appeal.
- Expansion of Commercial Applications: D-Wave's annealing systems are increasingly applied in AI and blockchain, with a collaboration with Shionogi resulting in a tenfold increase in drug-like molecules, showcasing the technology's potential in real-world applications and boosting investor confidence.
See More
GlobalFoundries Launches Quantum Computing Business Unit with $375 Million Investment
- New Quantum Unit: GlobalFoundries has announced the establishment of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: The company secured a $375 million investment commitment from the U.S. Department of Commerce, which will be used to enhance its manufacturing capabilities for quantum technology, thereby strengthening its competitive position in the rapidly evolving quantum market.
- Significant Stock Surge: Following the announcement of new quantum initiatives and government support, GlobalFoundries' stock surged 20.6% this week, reflecting strong market confidence in its future growth potential.
- Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's quantum investment push, further solidifying its leading position in the quantum computing space and attracting investor interest.
See More
GlobalFoundries Stock Soars on Quantum Technology News
- Significant Stock Surge: GlobalFoundries' stock price surged by 20.6% this week, contrasting with the S&P 500's 0.9% increase, indicating strong performance in the quantum computing sector that is likely to enhance its market position.
- New Quantum Business Unit: On May 21, the company announced the launch of its Quantum Technology Solutions business unit, focusing on manufacturing technologies for the quantum computing industry, marking a strategic move into cutting-edge technology.
- Government Investment Support: GlobalFoundries secured a $375 million letter of intent from the U.S. Department of Commerce, which will be used to bolster its manufacturing capabilities for quantum technology, further solidifying its competitive edge in the quantum computing market.
- Increased Industry Recognition: TD Cowen named GlobalFoundries one of the three biggest winners of the U.S. government's latest quantum investment push, highlighting its potential in the quantum space and likely attracting more investor interest.
See More
D-Wave Quantum Computing Technology Advances Rapidly
- Technological Breakthrough: D-Wave Quantum's quantum annealing computer has successfully been applied to optimization problems, reducing multi-week manufacturing scheduling tasks to mere hours, significantly lowering costs and showcasing the potential of quantum computing in real-world applications.
- Surge in Orders: The company reported a total of $33.4 million in bookings for Q1 2026, a staggering 1,994% year-over-year increase, including a $20 million order from Florida Atlantic University and a $10 million agreement with a Fortune 100 company, indicating strong market demand for quantum computing products.
- Optimistic Market Outlook: As quantum computing technology continues to evolve, D-Wave and its peers are likely to benefit from the growing interest in the market, although investors should approach this high-risk sector with caution.
- Investment Strategy Advice: Given the uncertainties surrounding D-Wave's future, investors are advised to maintain moderate exposure to tech stocks or consider quantum exchange-traded funds that include D-Wave to capitalize on the gradual maturation of the technology.
See More
U.S. Government Increases Investment in Quantum Computing
- Market Growth Potential: Grand View Research forecasts that the global quantum computing market will expand at a 20.5% CAGR from 2025 to 2030, indicating significant commercial application prospects, particularly in AI processing, supply chain optimization, and cybersecurity.
- Government Investment Incentives: The U.S. Department of Commerce has signed nine letters of intent to provide $2.01 billion in federal incentives under the CHIPS and Science Act, including substantial investments in IBM and GlobalFoundries, which are expected to drive growth in their quantum computing businesses.
- IBM Business Diversification: IBM is set to receive $1 billion for building new quantum computing foundries, further enhancing its hybrid cloud and AI business expansion, thereby offsetting the slower growth of its traditional software and hardware sectors.
- Support for Emerging Competitors: The Department of Commerce will allocate up to $100 million for companies like Atom Computing, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti, aiming to foster diverse investments that could propel the quantum computing market's growth beyond its current niche.
See More
