D-Wave Quantum Forecast to 2030

Illustrative model

Explore assumptions. Compare outcomes.

Price baseline: Model recalculated: Editorial review:

Baseline price $16.92 Latest close used by the model
Base scenario $26.76 Model estimate for 2030
Price change +58.1% Baseline → base scenario · price only
Scenario range $22.41 $30.40 Lower → Upper scenario

Three scenarios, one starting point

Illustrative price paths based on historical returns.

The shaded area spans the lower and upper scenarios; it is not a confidence interval.

Lower scenario $22.41 Base scenario $26.76 Upper scenario $30.40 Baseline July 16, 2026

The Lower scenario still assumes gains versus the baseline price. Losses outside this range are possible.

What changes the outcome?

Model inputs used in the D-Wave Quantum calculation, then separate market context that is not fed into the model.

Model inputs

Historical price returns (model input)

Weighted windows (3Y, 5Y, 10Y) of historical close-to-close price returns set the starting annual rate for D-Wave Quantum. Dividends are not included.

Drawdown adjustment (model input)

Historical max drawdown near 96.7% scales the risk adjustment applied to the weighted rate before Lower/Base/Upper multipliers.

Category cap & decay (model input)

Annual rates are capped near 25% for this asset class and then decay slightly each projected year (mean reversion), so path CAGR can differ from the starting rate.

Context only

Market context (not a model input)

Earnings, margins, valuation, and sector news can move real prices—but they are not inputs to this price-return model.

View model assumptions →

Year-by-year forecast

Modeled prices by year. Percentages in parentheses are year-over-year price changes from the prior year (or from the baseline price for the first year)—not the scenario’s starting annualized rate. Price returns only; dividends are not included.

YearLower scenarioBase scenarioUpper scenario
2027 $18.25 (+7.9%) $19.14 (+13.1%) $19.81 (+17.1%)
2028 $19.62 (+7.5%) $21.53 (+12.5%) $23.02 (+16.2%)
2029 $21.01 (+7.1%) $24.07 (+11.8%) $26.55 (+15.4%)
2030 $22.41 (+6.7%) $26.76 (+11.2%) $30.40 (+14.5%)

Comparison to benchmark

Benchmark: S&P 500 (SPY) · SPDR S&P 500 ETF Trust forecast

Base-scenario CAGR · price only

Equivalent comparison unavailable — baseline dates differ (D-Wave Quantum: 2026-07-16, SPDR S&P 500 ETF Trust: 2026-10-30; horizon end 2030-12-31 / 2030-12-31).

Historical max drawdown

Drawdown history windows differ: D-Wave Quantum (2020-12-11 → 2026-07-16) vs SPDR S&P 500 ETF Trust (2011-06-27 → 2026-10-30).

D-Wave Quantum-96.7%
SPDR S&P 500 ETF Trust-34.1%

Max drawdown is peak-to-trough depth in the listed history window—not a volatility measure.

Equivalent base-scenario path CAGR vs S&P 500 (SPY) is not shown; historical max drawdown is deeper than the benchmark; drawdown windows are not identical.

Scenario illustrations for educational use. Not financial advice, investment recommendations, or guarantees of future performance.