D-Wave Quantum cryogenic quantum computer in a lab enclosure, highlighting the company’s advanced quantum computing systems. Key Points D-Wave has put its $836 million in cash reserves to good use, announcing in early 2026 that it would purchase rival Quantum Circuits for $550 million in cash and stock. The purchase comes after months of investor speculation that D-Wave would go on a buying spree. Acquiring Quantum Circuits should help D-Wave to close the technology gap on its gate-model-focused rivals ...