# QBTS · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** QBTS  
**Sources:** 60  
**Published:** 2026-07-31  
**Canonical:** https://app.k3vl4r.com/research/deep-research-qbts-catalysts-narrative-risks-1308

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**Executive Summary**  
As of 2026‑07‑14, D‑Wave Quantum Inc. (NYSE: QBTS) remains a publicly traded, dual‑platform quantum‑computing company delivering both annealing and gate‑model systems, software, and services [[3]](https://ir.dwavequantum.com/overview/default.aspx). The stock trades at a price of $20.11 with a market capitalization of $6.91–$7.44 B [[1]](https://finance.yahoo.com/quote/QBTS/)[[10]](https://www.investing.com/equities/dpcm-capital). Its beta is 2.10 for the 5‑year monthly period [[10]](https://www.investing.com/equities/dpcm-capital).

**Company Overview**  
The company’s ticker is QBTS on the NYSE, and it is recognized as the only company in the world that builds both annealing and gate‑model quantum computers [[3]](https://ir.dwavequantum.com/overview/default.aspx). The core business includes dual‑platform leadership, providing both annealing and gate‑model systems, software, and services [[3]](https://ir.dwavequantum.com/overview/default.aspx).

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