D-Wave Quantum moves to Nasdaq as shares stay far below record

D‑Wave Quantum announced that its shares will leave the New York Stock Exchange after market close on 24 July 2026 and begin trading on Nasdaq under the ticker QBTS on 27 July. The stock is currently priced at €15.09, a modest 0.57 % gain from the previous day, but it remains 25.51 % down over the past 30 days and 60.8 % below its October 2025 peak of €38.48. Technical indicators show the share price trading 23.81 % under its 200‑day moving average with an RSI of 35.5, suggesting oversold conditions without confirming a reversal.

The listing change is intended to give the company greater visibility within technology‑focused indices, but it does not alter its financial fundamentals. In the first quarter of 2026 D‑Wave reported a record order backlog of $33.4 million, highlighted by a $20 million system sale to Florida Atlantic University and a two‑year $10 million quantum‑computing‑as‑a‑service contract with a Fortune‑100 client. Despite the large contracts, quarterly revenue was only $2.9 million and operating losses continued to widen, prompting the market to discount the stock heavily.