The Motley Fool·2026-02-22 15:30Core Insights - D-Wave Quantum is transitioning from a speculative hardware company to a recurring revenue model, indicated by a significant Fortune 100 contract that suggests enterprise adoption [1] - There are concerns regarding insider selling and extreme valuation, which may create tension for investors [1] - If execution improves and Quantum Computing as a Service (QCaaS) scales, the long-term upside potential for the company could be substantial [1] Company Developments - The recent Fortune 100 contract represents a critical step in D-Wave's strategy to enhance its market position and credibility [1] - The shift towards a recurring revenue model is a strategic move to stabilize income and attract more investors [1] Market Concerns - Insider selling raises questions about the confidence of current stakeholders in the company's future [1] - The company's current valuation is considered extreme, which may deter potential investors despite the positive developments [1]