Why DLocal Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Should l Buy QBTS?
Source: Benzinga
DLocal Limited Performance: DLocal Limited's shares surged 18.3% in pre-market trading after reporting third-quarter sales of $185.774 million, surpassing analyst expectations despite earnings per share falling short of estimates.
Market Movements: Several stocks experienced significant pre-market gains and losses, with Elevai Labs Inc gaining 91.1% and Calidi Biotherapeutics, Inc dropping 27% following a proposed public offering.
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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: 18.270
Low
35.00
Averages
40.67
High
48.00
Current: 18.270
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.
- Leadership in Quantum Annealing: D-Wave Quantum has established itself as a leader in quantum annealing, focusing on optimization problems that can provide significant competitive advantages in industries like finance, logistics, and defense, with bookings reaching $30 million for January 2025, indicating strong market demand.
- Exploration of Traditional Quantum Systems: The company is venturing into gate-based quantum computing using fluxonium qubits to enhance system accuracy; however, it has yet to publish milestone data, and its acquisition of Quantum Circuits brings a dual-rail gate-model processor with built-in error detection, potentially improving future product performance.
- Market Valuation Risks: Despite D-Wave's strong performance in quantum annealing, its $7 billion market cap contrasts sharply with projected sales of less than $25 million in 2025, suggesting that market expectations for future growth may be overly optimistic, posing significant risks.
- Questioning Technology Value: The superiority of D-Wave's quantum annealing technology over artificial intelligence remains uncertain, and the lack of peer-reviewed data for its gate-based systems may undermine investor confidence in its current valuation, advising caution for potential investors.
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- Quantum Economic Potential: Analysts at Boston Consulting Group estimate that quantum computing could generate up to $850 billion in global economic value by 2040, highlighting its significance in future technology and attracting investor interest.
- Stock Performance Comparison: As of mid-October 2025, shares of IonQ, Rigetti Computing, and D-Wave Quantum surged by 6,200% over the past 12 months; however, these stocks face historical challenges, indicating market over-optimism regarding quantum computing.
- Investor Preference Shift: Despite the impressive performance of pure-play quantum stocks, billionaire investors prefer Alphabet due to its multiple profitable business segments and active involvement in quantum computing, showcasing its long-term investment value.
- Alphabet's Market Advantages: Alphabet commands approximately 90% of global internet search traffic and demonstrated a 48% sales growth in Google Cloud, reflecting strong advertising pricing power and competitive advantages in the cloud services market, further solidifying its leadership in quantum computing.
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- Significant Revenue Growth: IonQ achieved $130 million in revenue for 2025, marking a 202% year-over-year increase, primarily driven by an 80% organic revenue growth, establishing it as the first pure-play quantum computing company to surpass $100 million in annual GAAP revenue, underscoring its leadership in the quantum computing sector.
- Optimistic Future Outlook: Management anticipates revenue will further surge to between $225 million and $245 million in 2026, reflecting strong market demand for quantum computing and IonQ's competitive technological edge, despite ongoing profitability challenges.
- Technical Advantage: IonQ's trapped-ion technology has achieved a world-record 99.99% two-qubit gate fidelity, enabling customers to realize a 10 billion-fold performance increase on the same-sized device, which has attracted over 60% of commercial clients and 30% of international clients, enhancing its market competitiveness.
- Massive Market Potential: Although IonQ reported a net loss of $510.4 million in 2025, McKinsey projects quantum computing revenue will grow from $4 billion in 2024 to $72 billion by 2035, presenting significant growth opportunities for IonQ, albeit with substantial investment risks still in play.
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- Significant Revenue Growth: In 2025, IonQ achieved $130 million in annual revenue, representing a 202% year-over-year increase, primarily driven by 80% organic revenue growth, highlighting the strong demand in the quantum computing market and the company's leading position in the industry.
- Technical Advantage: IonQ's trapped-ion technology has reached a world-record 99.99% two-qubit gate fidelity, allowing customers to achieve a 10 billion-fold performance increase on the same-sized device, which has attracted a diverse customer base, with commercial clients accounting for over 60% of sales.
- Future Growth Expectations: Management expects revenue to reach between $225 million and $245 million in 2026, reflecting confidence in future market potential, while aiming for 2 million physical qubits and 80,000 logical qubits by 2030, which could drive significant advancements in commercial applications like drug discovery and machine learning.
- Market Risks and Opportunities: Despite significant revenue growth, IonQ's market cap is around $16 billion, with a current trailing sales multiple of 96 times, which is still high compared to most stocks, prompting investors to carefully consider investment risks, although the potential for 10x returns remains viable.
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- Success Stories in Quantum Computing: IonQ and D-Wave Quantum, as pure-play quantum computing companies, are focused on developing widely used quantum computers and quantum annealers, with IonQ achieving the record for the most accurate quantum computer, indicating potential in addressing high error rates, which could significantly enhance its market position if successful.
- Technology Scaling Plans: IonQ recently announced a plan to scale its technology to a 10,000-qubit quantum computer, which would be a major breakthrough and position it as a leader in the field, potentially yielding substantial returns for investors if realized.
- Involvement of Tech Giants: Alphabet and Microsoft, as legacy tech players, have made breakthroughs in quantum computing, with Alphabet predicting that quantum computing could break cryptocurrency security by 2029; if their quantum solutions succeed, it could lead to significant growth potential for the companies.
- Future of Hybrid Computing: Nvidia is preparing for the mainstream adoption of quantum computing by developing dedicated AI models and adapting its CUDA software, with NVQLink enabling quantum computers to connect with classical computing infrastructure, which, if successful, will solidify its dominance in the computing space.
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- Market Potential: McKinsey estimates that the quantum computing industry could generate up to $72 billion in annual revenue by 2035, indicating a significant market opportunity over the next decade, prompting investors to position themselves for maximum gains.
- IonQ's Technological Edge: IonQ utilizes trapped-ion technology, providing a higher accuracy than other quantum computing methods, and aims to build a quantum computer with 10,000 qubits, considered the minimum threshold for commercial viability, showcasing its competitive strength in the industry.
- D-Wave's Market Positioning: D-Wave Quantum focuses on quantum annealing technology, which is well-suited for optimization problems and is currently being used by several manufacturers for production scheduling and supply chain analysis, positioning D-Wave to capture market share in niche applications as adoption increases.
- Nvidia's Strategic Moves: Nvidia has launched NVQLink and adapted its CUDA software for quantum applications, ensuring its products are relevant in the quantum computing space, and is expected to become a major partner in the industry while benefiting from surging AI demand, highlighting its strong market outlook.
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