QBTS vs IBM
Side-by-side quantum stock comparison: market cap, share price, classification, and thesis.
Market cap, head to head
Stat-by-stat
| Metric | QBTS | IBM |
|---|---|---|
| Type | Pure-play | Diversified |
| Segment | Hardware | Hardware + Software |
| Exchange | NYSE | NYSE |
| Country | CA | US |
| Market cap | $10.21B | $235.62B |
| Share price | $27.81 | $250.69 |
| Employees | 216 | 270,300 |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Information Technology Services |
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 →Quantum thesis
IBM runs the most mature commercial quantum program of any public company. IBM Quantum operates a fleet of superconducting processors over the cloud, publishes a detailed hardware roadmap, and ships Qiskit, the most widely used open-source quantum software stack. Quantum is a tiny share of IBM revenue, but no other diversified bet has more direct quantum exposure or a longer track record.
Full IBM page →