Core Insights - The article discusses the significant risks facing Wall Street's leading quantum computing stocks, which have experienced a parabolic rally, highlighting the potential for a bubble and the challenges these companies may face in sustaining growth and profitability [1][4]. Industry Overview - Quantum computing is positioned as a transformative technology that leverages quantum mechanics to solve complex problems beyond the capabilities of traditional computers, with applications in drug discovery, AI enhancement, and cybersecurity [3]. - The economic potential of quantum computing is estimated to reach or approach $1 trillion in global economic value by 2035 to 2040, suggesting a substantial market opportunity for multiple companies [4]. Company Performance - The leading quantum computing companies, including IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing, Inc., have seen significant stock price increases over the past year, with gains ranging from 620% to 5,710% [9]. - Despite the impressive stock performance, these companies are currently facing substantial operational losses, indicating a need for capital-raising efforts that may dilute existing shareholders [8][10]. Valuation Concerns - The current price-to-sales (P/S) ratios for these quantum computing stocks are historically high, with estimates suggesting P/S ratios between 30 and 90 for 2029, which are not sustainable based on historical trends [12]. - The article draws parallels to past technology bubbles, suggesting that the current hype surrounding quantum computing may lead to similar outcomes as seen with previous innovations [6][7]. Competitive Landscape - The "Magnificent Seven" companies, which dominate the AI and cloud computing sectors, pose a significant threat to the pure-play quantum computing stocks due to their substantial financial resources and operational cash flow [14][16]. - Companies like Amazon are already integrating quantum computing services, which may limit the market opportunities for smaller quantum computing firms that lack the same level of capital and infrastructure [15].

Core Insights - D-Wave Quantum's stock experienced a notable increase of 6% following its recognition in Fast Company's 2025 Next Big Things in Tech list, outperforming the S&P 500 index which rose by only 0.3% [1][2] Group 1: Company Recognition - D-Wave Quantum was selected as one of 137 companies in Fast Company's prestigious list, highlighting its position in the quantum computing sector among other tech niches like artificial intelligence and next-generation transportation [2] - The magazine emphasized D-Wave's Advantage2 computer, noting its advanced "annealing" technology as a distinguishing feature compared to competitors [3] Group 2: Product Performance - D-Wave's CEO Alan Baratz stated that the recognition underscores the groundbreaking performance of the Advantage2 computer, which is currently in active use by clients such as Davidson Technologies [4] - The inclusion in the list is described as a testament to D-Wave's commitment to delivering production-ready quantum computing technology that provides immediate value to customers [4]

Martin Shkreli, known for his outspoken views in finance, has been shorting quantum computing stocks IonQ, Inc. (NYSE:IONQ), D-Wave Quantum, Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), and Quantum Computing Inc. (NASDAQ:QUBT), regularly mocking what he sees as overvaluation and questionable business models. QBTS stock is climbing again. See the chart here. Shkreli’s ShortShkreli has been highly critical of the commercial potential of quantum computing, and has accused the companies of inflating ...

We recently published 10 Stocks Stealing Wall Street’s Spotlight. D-Wave Quantum Inc. (NYSE:QBTS) is one of the best performers on Monday. D-Wave Quantum soared to a new all-time high on Monday, as investors snapped up shares following JPMorgan’s announcement that it would invest $1.5 trillion over the next 10 years to help finance and invest in industries critical to national economic security and resiliency, including quantum computing. In intra-day trading, D-Wave Quantum Inc. (NYSE:QBTS) jumped to it ...

Core Insights - Quantum computing is identified as the hottest new technology, with significant investment and innovation expected by 2025 [1] - D-Wave Quantum (NYSE: QBTS) is highlighted as the leading stock in the quantum computing space, with its share price nearly quadrupling year to date [2] - The potential of quantum computing is immense, with capabilities to perform complex calculations in minutes that would take current supercomputers thousands of years [2] Industry Impact - Quantum computing is projected to significantly impact four key areas: artificial intelligence (AI), robotics, climate technology, and cryptography/cybersecurity [3] - The integration of quantum computing with generative AI is expected to revolutionize business strategies and economic models [4] Market Opportunity - The quantum technology market could reach $72 billion by 2035 and $198 billion by 2040, according to McKinsey [4] - Boston Consulting Group estimates the quantum computing market could total $170 billion by 2040, creating up to $850 billion of economic value worldwide [4] Company Position - D-Wave Quantum is recognized as a pioneer in the quantum computing field, serving over 100 customers and possessing leading technology [6] - The company faces significant competition within the quantum computing market [6]

Core Viewpoint - D-Wave Quantum Inc. has experienced significant stock price increases, with shares rising over 243% year-to-date and nearly doubling in the last month, although concerns about its commercial viability persist [1][4][11]. Financial Performance - D-Wave reported a year-over-year revenue increase of approximately 42% for the last quarter, amounting to just over $3 million, despite wider-than-expected losses per share and a 44% increase in adjusted EBITDA losses [9][10]. - The company has a notably high price/sales ratio of 1,279.8, indicating it may be overvalued compared to its earnings and sales history [2][11]. Technological Developments - D-Wave is focusing on developing gate model technology in addition to its quantum annealing technology, aiming for a more diversified technological approach [6]. - Successful partnerships with companies such as Verge Ag, Japan Tobacco, and North Wales Police demonstrate the practical applications of D-Wave's quantum annealing technology [8]. Market Position and Competition - The commercialization potential of D-Wave remains uncertain, with analysts predicting a potential share price correction of nearly 40% due to overvaluation concerns [4][11]. - Competitors like Rigetti Computing have also seen substantial stock price increases, with Rigetti's shares rising over 5,100% in the past year, intensifying competition in the quantum computing space [12]. Analyst Sentiment - D-Wave currently holds a Moderate Buy rating among analysts, but it is not included in the list of top stocks recommended by leading analysts, suggesting a cautious outlook [14].

Group 1 - D-Wave Quantum's shares surged by 25.2% following JPMorgan Chase's announcement of a $10 billion investment in various industries, including quantum computing, as part of its Security and Resiliency Initiative [1][6] - CEO Jamie Dimon highlighted the importance of the investment program, stating that America's security relies on the strength and resiliency of its economy, emphasizing the need for increased speed and investment [2] - D-Wave's current market capitalization stands at $14 billion, which is difficult to justify given its sales of only $8.8 million last year, indicating a significant disconnect between valuation and actual performance [3] Group 2 - The Motley Fool Stock Advisor has identified ten stocks that they believe are better investment opportunities than D-Wave Quantum, suggesting caution for potential investors [4][6] - Historical performance of stocks recommended by the Motley Fool, such as Netflix and Nvidia, demonstrates the potential for substantial returns, with average returns of 1,060% compared to 187% for the S&P 500 [5]

Core Themes in Quantum Computing Industry - Throughout Q3 2025, major quantum firms focused on liquidity and runway, with IonQ, Rigetti Computing, and D-Wave Quantum completing significant equity offerings to strengthen cash reserves amid rising R&D costs [1] - Vendors reported tangible technological advancements, including Rigetti's 36-qubit multi-chip quantum computer and IBM's Quantum System Two deployment in Japan [2] - Commercial partnerships gained traction, with Quantinuum and IBM forming strategic collaborations to test early quantum applications in various sectors [3] Company-Specific Insights IonQ - IonQ is expected to continue strong topline growth with a focus on reinvestment rather than immediate profitability, having raised $1.0 billion in July to support its aggressive strategy [7] - The company is expanding its technology portfolio through acquisitions, including Oxford Ionics and Vector Atomic, enhancing its capabilities in quantum sensing and PNT [7] - IonQ is projected to report a loss of $0.24 per share and revenues of $27.02 million, reflecting a 117.9% year-over-year improvement [8] Rigetti Computing - Rigetti is anticipated to show modest revenue growth amid investment and execution risks, having launched its 36-qubit system and secured $5.7 million in new orders [9] - The company reported $1.8 million in revenue and a net loss of $39.7 million, but improved its balance sheet with a $350 million equity raise [10] - Rigetti is expected to report a loss of $0.05 per share and revenues of $2.39 million, a slight year-over-year improvement [11] D-Wave Quantum - D-Wave is positioned for operational momentum with a strong liquidity base of $819 million, focusing on R&D and commercialization [12] - The launch of the Advantage2 quantum computer is expected to contribute positively to Q3 revenues, alongside new partnerships in various sectors [12] - D-Wave is projected to report a loss of $0.07 per share and revenues of $3.12 million, marking a 66.8% year-over-year improvement [13]

Quantum computing stocks rallied on Monday as broader markets breathed a sigh of relief after President Trump appeared to cool trade tensions with China. Additionally, the largest bank in the country has expressed interest in the quantum computing sector as part of a significant push to support national security interests. RGTI stock is flying. See the real-time price action here. JPMorgan's $1.5 Trillion InitiativeJPMorgan Chase & Co. (NYSE:JPM) announced on Monday that it will make direct equity investmen ...

周一，美股量子计算概念股走高，截至发稿，Rigetti Computing(RGTI.US)涨超16%，股价触及历史新 高。IonQ Inc(IONQ.US)涨超12%，Quantum Computing(QUBT.US)涨超7%，D-Wave Quantum(QBTS.US) 涨超11%。 来源：智通财经网 ...