Quantum computing is moving from scientific concept toward commercial reality, with hardware and software advances accelerating. For investors, the field presents a complex but compelling opportunity, where company selection is critical. Analyst ratings can indicate which firms may best translate quantum innovation into long-term value.
Three stocks—Nvidia, Amazon, and D-Wave Quantum—were recently selected based on analyst data, viewed as positioned to capitalize on quantum computing's next phase.
Nvidia, with a market cap of $4.49 trillion, has seen its shares rise only about 0.3% year-to-date. The company provides classical infrastructure and software like CUDA-Q and hardware such as NVQLink to support hybrid quantum systems. Nvidia recently launched NVQLink, an open platform architecture connecting GPU superchips to Quantum Processing Units. CEO Jensen Huang called NVQLink "the Rosetta Stone connecting quantum and classical supercomputers." Huang also stated, "In the near future, every Nvidia GPU scientific supercomputer will be hybrid, tightly coupled with quantum processors to expand what is possible with computing."
The CUDA-Q platform is becoming an industry standard for hybrid programming. Nvidia also offers Nvidia Quantum Cloud for quantum simulation, integrated by Microsoft Azure, Google Cloud, and Oracle Cloud Infrastructure. In the third quarter, Nvidia posted record revenue of $57 billion, up 22% from the previous quarter and 62.5% year-over-year. Earnings were $1.30 per share. "Blackwell sales are off the charts, and cloud GPUs are sold out," said Huang. The data center segment generated $51.2 billion in quarterly revenue. Management guided for Q4 revenue of around $65 billion. Analysts project a 61.68% year-over-year increase in profit to $7.59 per share for fiscal 2027.
Wall Street analysts have a "Strong Buy" consensus on Nvidia. Among 48 analysts, 44 rate it a "Strong Buy," two assign a "Moderate Buy," one recommends holding, and one has a "Strong Sell." The mean price target is $256.
Amazon, with a market cap of $2.64 trillion, has seen its shares rise 7.2% year-to-date. The company integrates quantum solutions into its AWS cloud platform, offering Amazon Braket for quantum research. In February 2025, AWS unveiled Ocelot, its first proprietary quantum computing chip using "cat qubits." The company established the AWS Center for Quantum Computing and the Amazon Quantum Solutions Lab. In late 2025, Amazon combined its Quantum Computing, AI, and Silicon development teams into a single unit.
In late October, Amazon beat Q3 estimates, with net sales rising 13.4% year-over-year to $180.2 billion. The AWS segment generated $33 billion in revenue, up 20% year-over-year. GAAP earnings per share were $1.95. The company guided holiday-quarter net sales to $206 billion to $213 billion. Analysts foresee an 11.19% year-over-year increase in GAAP EPS to $7.86 for 2026.
Wall Street analysts are bullish on Amazon, with a "Strong Buy" consensus. Of 57 analysts, 49 call it a "Strong Buy," five label it a "Moderate Buy," and three recommend holding. The average price target is $293.96.
D-Wave Quantum, with a market cap of $9.84 billion, has seen its shares rise 7.6% year-to-date. The company is a pure-play quantum computing provider, developing both annealing and gate-model quantum computers. Its sixth-generation system, Advantage2, features over 4,400 qubits. The company generates revenue through system sales and its Leap quantum cloud service.
In early November, D-Wave posted third-quarter revenue of $3.7 million, up 100% from a year earlier. Bookings grew 80% quarter-over-quarter to $2.4 million. The net loss widened to $140 million, driven by non-cash charges. The company held $836.2 million in cash as of Sept. 30, 2025. Analysts expect its GAAP net loss to narrow by 5% year-over-year to $0.19 per share in FY26.
D-Wave Quantum announced last week a $550 million agreement to acquire Quantum Circuits, including $300 million in stock and $250 million in cash. The company plans to introduce superconducting gate-model quantum systems later this year.
Wall Street analysts have a "Strong Buy" consensus on D-Wave. Among 15 analysts, 13 recommend a "Strong Buy," one suggests a "Moderate Buy," and one advises holding. The mean price target is $38.93.