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D-Wave Quantum<\/span><\/strong> (NYSE: QBTS)<\/span><\/span> stock suffered a <\/span>big<\/span> pullback in March.<\/span> The <\/span>quantum-computing<\/span><\/a> company’s share price declined 23.2% <\/span>in a<\/span> month <\/span>of trading that saw<\/span> the <\/span>S&P 500<\/span><\/strong> decline by<\/span> 5.1% and the <\/span>Nasdaq Composite<\/span><\/strong> decline by<\/span> 4.8%.<\/span><\/p>\n While there wasn’t <\/span>anything<\/span> major <\/span>in terms of<\/span> negative business-specific news for D-Wave last month, the company’s stock was dragged lower by risk-off sentiment <\/span>created<\/span> by the Iran war.<\/span> The company’s share price is now down roughly 45 % year to date. <\/span><\/p>\n Will AI create the world’s first trillionaire?<\/strong>\u00a0Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need.\u00a0Continue \u00bb<\/strong><\/span><\/a><\/em><\/p>\n The stock market sold off last month as investors weighed the disruptive impact of the U.S. and Israel’s war with Iran. In response to the conflict, Iran moved to drastically reduce the number of ships allowed to pass through the Strait of Hormuz. Roughly 20% of global oil shipments pass through the Strait of Hormuz, and its closure and broader war-related disruptions led to spikes in oil prices. <\/span><\/p>\n As a company with a highly growth-dependent valuation, D-Wave stock is particularly susceptible to <\/span>big<\/span> pullbacks <\/span>in the face of<\/span> geopolitical and macroeconomic developments.<\/span> Quantum-computing stocks had already been under pressure in 2026 on the heels of big gains last year, and the uncertainty created by the war in Iran <\/span>resulted in<\/span> another round of substantial sell-offs for D-Wave and other players in the space.<\/span> Investors were worried that the war would drive higher <\/span>levels of<\/span> inflation <\/span>that cause<\/span> the <\/span>Federal Reserve<\/span><\/a> to hold off on interest rate cuts or raise rates — developments that would be bearish for speculative growth stocks.<\/span><\/p>\n The broader market has seen some recovery momentum in April, but D-Wave stock is still down slightly early in this month’s trading. <\/span>The company’s share price is <\/span>off<\/span> roughly 1% <\/span>in the month<\/span> so far.<\/span> Meanwhile, the S&P 500 has risen 3.8%, and the Nasdaq Composite is up 4.9%.<\/span><\/p>\n While news <\/span>that<\/span> a two-week ceasefire agreement with Iran <\/span>has been reached and<\/span> the Strait of Hormuz has <\/span>at least temporarily been reopened<\/span>, D-Wave hasn’t participated <\/span>in the relief rally<\/span>.<\/span> Recent analyst coverage may be at least partially to blame. <\/span><\/p>\n On April 7, Mizuho published new coverage on D-Wave. While the investment firm maintained an outperform rating on the stock, it lowered its one-year price target from $40 per share to $30 per share. The new price target still suggests potential upside of roughly 116.5%<\/span>, but the<\/span> softened valuation forecast is in line with recent trends that have seen analysts adopt more cautious <\/span>valuation forecasts when it comes to<\/span> quantum stocks. <\/span><\/p>\n<\/p><\/div>\n Before you buy stock in D-Wave Quantum, consider this:<\/p>\n The Motley Fool Stock Advisor<\/em> analyst team just identified what they believe are the\u00a010 best stocks<\/a><\/strong> for investors to buy now\u2026 and D-Wave Quantum wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.<\/p>\n Consider when Netflix<\/strong> made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $532,929<\/strong>!* Or when Nvidia<\/strong> made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you\u2019d have $1,091,848<\/strong>!*<\/p>\n Now, it\u2019s worth noting\u00a0Stock Advisor\u2019s<\/em> total average return is 928% \u2014 a market-crushing outperformance compared to 186% for the S&P 500.\u00a0Don’t miss the latest top 10 list, available with\u00a0Stock Advisor<\/em>, and join an investing community built by individual investors for individual investors.<\/span><\/strong><\/span><\/p>\n See the 10 stocks \u00bb<\/strong><\/a><\/p>\n *Stock Advisor returns as of April 8, 2026. <\/em><\/p>\n Keith Noonan<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>.<\/em><\/p>\n