Core Viewpoint - D-Wave Quantum Inc. is facing significant scrutiny regarding its technology's viability, with claims that its quantum annealer may not achieve competitive performance until 2054, raising doubts about its quantum advantage [1][2]. Performance Comparison - A benchmark study from the Jülich Supercomputing Centre indicates that D-Wave's technology is consistently outperformed by conventional solvers like VeloxQ, which utilize standard CPUs and GPUs [2]. - D-Wave's latest hardware has been reported to underperform against competitors such as Fujitsu's Digital Annealer and even free optimization software like Gurobi and CPLEX [4]. DARPA Initiative - The company reportedly did not qualify for the initial stage of DARPA's Quantum Benchmarking Initiative, suggesting a lack of a viable path for its technology to become useful [3]. Management Critique - Allegations have been made against D-Wave's management for misleading practices, including the promotion of a research paper on "Scaling Advantage" that was allegedly debunked shortly after publication [5]. Emerging Technologies - The analysis highlights the rise of new technologies, specifically "p-computers," which are claimed to be millions of times more powerful and efficient than D-Wave's offerings, indicating that D-Wave's technology may be obsolete [6]. Stock Performance - Despite the negative analysis, D-Wave's stock (QBTS) saw an increase of 11.91% on a recent Friday, closing at $26.88 per share, with a year-to-date increase of 179.71% and a staggering 2,886.67% rise over the year [7].