D-Wave Quantum: The Next 10-Bagger Stock?

Group 1 - D-Wave Quantum went public through a SPAC merger in August 2022 and has seen a stock increase of approximately 143% since its debut, outperforming the S&P 500 and Nasdaq Composite [1] - The company's focus on quantum annealing technologies has positioned it favorably for commercialization, with a stock increase of 235% over the last 12 months [2] - D-Wave's current market cap is around $8.5 billion, with a valuation of approximately 335 times this year's expected sales, and it reported revenue of $21.8 million for the first three quarters of the year, reflecting annual growth of 235% [4] Group 2 - D-Wave aims to revolutionize computing by moving beyond binary foundations, but long-term investors may face a binary outcome regarding the stock's future [5] - If D-Wave proves its technology as the most reliable and cost-effective for real-world quantum computing applications, it could yield returns exceeding 10x over the next decade, though there is also a significant risk of shares declining to zero [6] - The company has experienced substantial valuation gains alongside rising interest in quantum computing, but its high valuation is heavily dependent on growth [8]