RJ Hamster
This is the Exact Moment the AI Boom Will…
Dear Reader,
I picked Nvidia in 2017….
Before it jumped as high as 3,852%…
And I just revealed the exact day this AI boom will end.
And if you’re wondering how that’s possible…
Well, I’m using an investment secret that correctly predicted the end of every major boom over the last century…
It predicted the end of the roaring 20s boom on October 31st of 1929… right before the great depression crash…
It predicted the end of the Reagan Bull Market in the 1980s on September 1st of 1987… right before the black Monday crash…
It predicted the end of the dotcom boom on February 1st 2000…
It predicted the end of the housing bubble bull market on January 2nd 2008…
And it predicted the end of the Post-Financial Crisis Recovery in February 3rd 2020… right before the Covid crash…
This same investment secret…
Is now pointing to the exact day this AI boom will end (click here to see it.)
Stay sharp,
JC Parets, CMT
Founder, TrendLabs
Today’s Featured Article
D-Wave Files $330 Million Shelf: Growth Fuel or Dilution Risk?
Submitted by Nathan Reiff. First Published: 1/26/2026.
Key Takeaways
- D-Wave Quantum filed for shelf registrations totaling about $330 million in January, the latest signal that the company is planning massive capital raises.
- An influx of new capital may be necessary to continue to finance D-Wave’s rapid growth, particularly after its acquisition of Quantum Circuits at the beginning of the year.
- Shareholders are likely worried that the latest funding, which comes after multiple at-the-market offerings in 2025, will present a dilutive risk.
With its major acquisition of Quantum Circuitsnow complete, D-Wave Quantum Inc. (NYSE: QBTS) is positioning itself as a leading quantum computing firm. The company now works on both annealing and gate-model technologies — a dual approach that distinguishes it from many competitors.
Investors may be cautious, however, because it’s become harder to predict how D-Wave will execute both strategies. The acquisition carries meaningful implications for the company’s cost structure and operations.
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Many expected D-Wave to make aggressive moves to expand its footprint after it accumulated a sizable cash position last year. Now that those reserves were largely used for the acquisition, investors are asking how the company will finance growth going forward.
$330 Million in Shelf Registrations to Start the Year
January 2026 provided a partial answer when D-Wave filed multiple shelf registrations totaling about $330 million.
After paying $550 million in cash and stock for Quantum Circuits, D-Wave likely needs to rebuild its cash reserves. The shelf registrations give the company flexibility to raise funds by selling additional shares if market conditions are favorable.
That potential raise follows major at-the-market (ATM) offerings in 2025 that brought in several hundred million dollars. With D-Wave now developing both annealing and gate-model systems, it may require additional capital to fund those parallel efforts.
Risk of Further Dilution Is Real
Shelf registrations allow D-Wave to sell shares over an extended period, offering more flexible — but less specific — capital-raising options than a traditional ATM program. The company may be structuring future raises this way because it does not expect the same urgency to rebuild cash as it did last year, or because it wants to moderate investor backlash over dilution.
Ultimately, when D-Wave draws on the $330 million shelf, it will likely dilute current QBTS shareholders. That concern is real, especially after last year’s dilution and given the company’s stretched valuation — its price-to-sales ratio sits near a stratospheric 1,015. That gap highlights how sharply QBTS has climbed (roughly 359% in the past year) while sales remain very low (in the most recent quarter, revenue was under $4 million).
A Bull Case for D-Wave Despite Dilution Concerns
There is still a bull case. Optimistic investors believe D-Wave can translate its dual-platform strategy into practical applications and significant commercial sales.
Near term, D-Wave must demonstrate growing commercial traction by expanding sales of its Advantage2 quantum system and building recurring revenue through repeat customers and subscribers to its quantum cloud services. Progress on those fronts will make quarterly results especially important for investors watching execution.
Wall Street remains generally supportive: 13 of 15 analyst ratings over the past year are Buy, and several Buy ratings have been reiterated so far in 2026 amid these developments.
Analysts’ consensus price target for D-Wave shares is $37.86, roughly 49% above the current trading level. Still, each investor must weigh whether the potential for further dilution fits their personal risk tolerance.
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Today’s Featured Content: Need to confirm your interest (From MarketBeat Alerts)
