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With market capitalization of $9.15 billion, D-Wave Quantum Inc. (NYSE:QBTS) is among the 10 Stocks That Could Double Over the Next 2 Years.

On June 1, Roth Capital raised its price target on D-Wave Quantum Inc. (NYSE:QBTS) to $40 from $30 while maintaining a Buy rating on the shares. The firm highlighted strong investor engagement at the company's first analyst day, noting that management expressed high confidence in D-Wave's competitive positioning within the quantum computing sector. According to Roth Capital, the company emphasized its differentiation through real-world enterprise adoption and hardware deployments that demonstrate measurable commercial value. The analyst added that D-Wave's focus on delivering practical customer outcomes continues to distinguish it from peers in the emerging quantum computing industry, supporting a more optimistic long-term outlook.

Earlier that same day, D-Wave Quantum Inc. (NYSE:QBTS) announced a new gate-model roadmap aimed at advancing the development of fault-tolerant quantum computing systems. The company outlined a target of 100 logical qubits capable of performing more than one million operations by 2032, combining its expertise in dual-rail qubits, quantum error correction, and superconducting system design. This roadmap reflects D-Wave's broader strategy of scaling its technology toward commercially viable, large-scale quantum computing applications.

D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing company headquartered in Boca Raton, Florida, and founded in 1999. The company develops both quantum annealing and gate-model systems designed to solve complex optimization and machine learning problems across industries such as logistics, finance, and artificial intelligence.

While we acknowledge the potential of QBTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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