D-Wave CEO says Nvidia should be 'shaking in their boots' as quantum computing battles AI GPUs

The article discusses rising competition between quantum-computing firms and Nvidia (NVDA.OQ), and the market reaction. D-Wave’s CEO claimed quantum systems can outperform massive GPU farms on certain problems, helping D-Wave shares jump ~16% and IonQ rise 18% amid a sector surge tied to World Quantum Day. The piece notes D-Wave’s mixed fundamentals: Q4 2025 revenue of $2.75M missed estimates, but bookings surged to $13.4M (up 471% QoQ), fueling a roughly 140% one-year share gain. Analysts remain cautiously bullish with Outperform ratings and $40–$43 targets while flagging high valuation and cash burn; management expects rising expenses. Nvidia is positioning itself with open-source “Ising” quantum AI models to remain central to quantum software stacks. Overall the story signals investor interest in quantum names but underscores technological limits and near-term financial risks.