Early-stage technology companies tend to be high-risk, high-reward investments. D-Wave Quantum (QBTS +0.81%) is an example of the reward opportunities when you invest in one of these companies before they explode higher.
The quantum computing stock has gained 1,920% over the one-year period ending Nov. 7. If you'd invested $500 in D-Wave a year ago, you'd now have $10,100. It's an impressive return -- and it highlights an important point about putting your money in risky stocks.
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You don't need to bet big
Pure-play quantum computing stocks like D-Wave were unsure propositions a year ago and still are today, although the industry seems to be gaining steam. In D-Wave's case, revenue grew 100% year over year in the third quarter of 2025, but only to $3.7 million. It trades at a hefty 339 times trailing sales, and it reported a net loss of $140 million last quarter.
There's a much greater risk of losing money with this type of company than with more established tech players, like Nvidia or Microsoft. If you're planning to invest in D-Wave, or any other tech company that hasn't reached profitability yet, the safest choice is to start small. For example, you could start by making it no more than 1% of your investment portfolio.
NYSE: QBTS
Key Data Points
If your investment doesn't work out, you haven't lost much. And if it takes off, you can still make a healthy profit. After all, D-Wave has turned $500 into $10,100.
Even with its recent growth, D-Wave is still in the category of high-risk investments. It's arguably riskier than it was a year ago -- with its current valuation, future growth is largely priced in. I wouldn't overcommit to it, but a small position could pay off if quantum computing lives up to the hype.
