What was once celebrated as a quantum leap threatens to become a nightmare for investors: Although the D-Wave Quantum stock has risen by over 200% since the beginning of the year, dangerous cracks are now appearing behind the hype. Chart analysts warn of a massive correction, analysts doubt the technology – and large investors are turning away from the company.

Competition pulls away – D-Wave faces losing connection

While IonQ and Rigetti make groundbreaking advances in quantum computers, D-Wave is left behind with its outdated "annealing" technology. IonQ, for example, increased the performance of its systems by 268 million times within nine months and is already working on applications for the quantum internet. Many analysts, on the other hand, consider D-Wave's approach to be barely marketable.

Even ETF Providers React: The Invesco Technology Momentum ETF Now Completely Ignores the Stock. Only One Fund – the Defiance Quantum ETF – Still Includes It in the Portfolio.

Technical Warning Signals and Overvaluation

The chart analysis also speaks a clear language. Despite record levels at just under 25 euros, the RSI shows clear signs of weakness - a typical harbinger of a trend reversal. Experts consider a decline to around 11 euros possible, which would correspond to a 50% drop.

Fundamentally, it is not better: D-Wave continues to burn money, and a profit is not in sight until 2030. Additionally, the company is at risk of being excluded from billion-dollar government programs because its technology is too specialized and difficult to implement.

Conclusion: Secure profits or exit

Those who have already made high profits with D-Wave should consider taking profits or setting tight stops, according to experts. The valuation is exaggerated, the competition is racing ahead, and the technology seems to be reaching its limits. Only at significantly lower prices—and if D-Wave fundamentally overhauls its strategy—might re-entry become attractive.