FORM vs QBTS
Side-by-side quantum stock comparison: market cap, share price, classification, and thesis.
Market cap, head to head
Stat-by-stat
| Metric | FORM | QBTS |
|---|---|---|
| Type | Diversified | Pure-play |
| Segment | Hardware | Hardware |
| Exchange | NASDAQ | NYSE |
| Country | US | CA |
| Market cap | $10.64B | $10.21B |
| Share price | $136.48 | $27.81 |
| Employees | 2,238 | 216 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Computer Hardware |
Quantum thesis
FormFactor sells cryogenic probe stations and test equipment used to characterize superconducting and spin qubit chips. It is a classic picks-and-shovels exposure: every quantum hardware lab buying cryogenic test infrastructure is a potential customer, but quantum is only a fraction of a broader semiconductor-test revenue base.
Full FORM page →Quantum thesis
D-Wave is the only public pure-play on quantum annealing, an approach optimized for combinatorial-optimization problems rather than universal gate-based computation. The company also offers a gate-model roadmap and a Leap cloud service, but its differentiator is annealing hardware that is already in commercial deployment with customers in logistics and finance.
Full QBTS page →