These bubbles form and subsequently burst because investors aren't affording these technological advancements the proper amount of time to be widely adopted, utilized, and optimized. In the case of quantum computing, IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. are still in the exceptionally early stages of commercializing their quantum computers and services. It'll likely be many years before quantum computers are more cost-efficient than classical computers for practical problem-sol ...

Key Points Rigetti is involved in the development of quantum computers, which investors have been extremely bullish on in recent years. The industry is in its early growth stages, and Rigetti's stock comes with plenty of potential upside and risk. 10 stocks we like better than Rigetti Computing › Quantum computing has been one of the hottest investing themes in recent years, right up there with artificial intelligence (AI). Investors have been gravitating to stocks focused on cutting-edge technologi ...

Key Points Artificial intelligence is the headline-grabbing technology story today, but in the background, you'll hear the term quantum computing. Quantum computing could dramatically increase the computing power available to the world. Defiance Quantum ETF, VanEck Quantum Computing UCITS ETF, and WisdomTree Quantum Computing ETF all offer exposure to the emerging field of quantum computing. 10 stocks we like better than Defiance Quantum ETF › Technological change moves quickly. Currently, the n ...

Financial Performance - D-Wave reported a significant revenue increase in 3Q25, rising from $1.9 million to $3.7 million, nearly a 100% gain year-over-year [1] - The adjusted net loss improved to $18.1 million, or 5 cents per share, compared to a loss of $23.2 million, or 12 cents per share in 3Q24, exceeding expectations by 2 cents per share [1] - D-Wave's stock has surged by 201% in 2025 [1] Intellectual Property and Technology - D-Wave has over 260 U.S. granted patents protecting its technology and innovations [2] - The company operates at all levels of the quantum computing segment, producing both hardware (quantum computers) and software, positioning itself as a full-stack quantum company [3] Market Position and Services - D-Wave is a leader in the quantum computing industry, having launched its real-time quantum cloud service, Leap, in 2018, which offers 99.9% uptime and advanced quantum processing units [4] - The company is recognized for its potential to revolutionize various sectors, including AI applications, cloud computing, and encryption [5] Analyst Insights and Ratings - Wedbush analyst Antoine Legault highlights D-Wave's broad commercial adoption potential and significant addressable market, giving it a Buy rating with a $35 price target, indicating a 38% upside [8] - The consensus rating for D-Wave is Strong Buy, with 13 recent positive analyst reviews and an average price target of $40, suggesting a 58% one-year upside [8]

D-Wave is holding a major event next month.Quantum computing has the potential to be one of the next major tech advancements, which has driven increased investor interest in quantum computing stocks.D-Wave Quantum (QBTS 5.87%) has benefited from that, as it's up 219% in 2025 (as of Dec. 19). If you're considering picking up some shares, or if you're already a shareholder, there's an important date coming up next month. Why Jan. 27 is a key date for D-WaveD-Wave is holding its annual Qubits quantum computing ...

Core Insights - Citadel increased its stake in D-Wave Quantum by over 200% in the last quarter, indicating strong confidence in the company's potential [1][3] - D-Wave Quantum is focused on developing quantum computers using quantum annealing, targeting specific optimization and probabilistic sampling problems [4][5] - Despite impressive revenue growth, D-Wave is facing significant losses and limited commercial adoption of its technology [7][9][10] Company Performance - Citadel purchased 169,057 shares of D-Wave Quantum, raising its stake by 201% [3] - D-Wave's current market capitalization stands at $8.7 billion, with a gross margin of 82.82% [4] - The average 12-month price target for D-Wave Quantum among analysts is $38, suggesting a potential upside of 59% from its current price [3] Market Position and Challenges - D-Wave's technology is applicable to complex problems in various industries, including logistics and telecommunications, but its traction remains limited [5][9] - The company has a high price-to-sales ratio of 294, which raises concerns about sustainability and potential valuation corrections in the future [14] - Insiders, including key executives, have been selling shares, which may indicate a lack of confidence in the company's near-term prospects [10] Investment Considerations - Citadel's strategy includes holding both shares and options in D-Wave, suggesting a hedged approach to investment [11] - Investors are advised to focus on classic valuation assessments rather than following hedge fund positions or analyst predictions [12] - The current market environment may not be suitable for average investors, as D-Wave's stock is characterized by high volatility and risk [15]

Key Points Quantum computing has been a top investing theme this year. Rigetti's market cap hit more than $18 billion on investor enthusiasm. However, the stock has pulled back sharply and trading volumes have declined. 10 stocks we like better than Rigetti Computing › When there's a pullback in price for a top-performing stock, it can potentially make for a lucrative buying opportunity. In other cases, however, it can simply be overdue for a stock that's become significantly overvalued. It may ...

As its name implies, the P/S ratio divides a company's market cap by its trailing 12-month sales. Although a lower P/S ratio typically aligns with a stock being more fundamentally attractive, other factors, such as growth rate, can move the pendulum.But neither of these valuation tools works well for early stage businesses that are expected to grow rapidly but are currently operating at a loss. Without positive EPS, both metrics lack utility. Thus enters the price-to-sales (P/S) ratio, stage left.When most ...

Core Insights - The article discusses the emerging potential of quantum computing as an investment opportunity, contrasting it with traditional tech investments focused on semiconductors and cloud computing [1][2] - D-Wave Quantum is highlighted as a unique player in the quantum computing space, utilizing a different approach known as quantum annealing, which may offer advantages in optimization applications [3][5][6] Company Overview - D-Wave Quantum has a market capitalization of $9.1 billion and a current stock price of $26.10, with a gross margin of 82.82% [3] - The company reported $24 million in sales but is facing significant annual losses of nearly $400 million, raising concerns about its financial sustainability [9] Technology and Approach - D-Wave's quantum annealing method is distinct from competitors like IonQ and Rigetti, which use trapped ion and superconducting qubits respectively [4][5] - The technology is primarily exploratory and lacks meaningful commercial applications at this stage, focusing on niche services [3][4] Market Position and Risks - D-Wave's approach may be less purpose-built compared to its peers, potentially limiting its commercial adoption if quantum annealing is less effective at scale [8] - The company's price-to-sales ratio of 331 is significantly higher than historical tech stock valuations, indicating a speculative investment environment [11] Leadership and Investor Sentiment - Concerns are raised about the confidence of D-Wave's leadership, as several executives have sold shares while the company issued stock at premium valuations [12] - The article suggests that D-Wave is a speculative stock, cautioning average retail investors to avoid it and leave trading to risk-seeking individuals [13]

Core Insights - The quantum computing sector is gaining attention, with significant stock price increases for companies like IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. over the past year, outperforming the Nasdaq Composite index [2][10] - The addressable market for quantum computing is projected to reach $1 trillion by 2035, with potential global economic value creation of up to $850 billion by 2040, attracting investor interest [3][8] - Historical trends suggest that the current enthusiasm for quantum computing stocks may lead to a bubble, with a potential downturn expected around 2026 [10][19] Company Performance - IonQ, Rigetti, D-Wave, and Quantum Computing Inc. have seen stock price increases of 43%, 545%, 458%, and 67% respectively over the past year, indicating strong market interest [2] - Rigetti Computing has a market cap of $9 billion, while IonQ's market cap stands at $19 billion, reflecting their significant positions in the market [7][14] - Despite the stock price growth, these companies are still in the early commercialization phase, with analysts suggesting practical applications of quantum computing may not be realized until the end of the decade [15][19] Market Trends - JPMorgan Chase has initiated a $1.5 trillion, 10-year investment plan that includes up to $10 billion for quantum computing, highlighting the sector's importance for national economic security [8] - The current price-to-sales (P/S) ratios for these companies are above 30, which historically indicates unsustainable valuations and potential for a market correction [17][19] - The historical pattern of overhyped technologies suggests that the quantum computing sector may face a similar fate as past trends, such as the dot-com bubble [12][19] Future Outlook - The quantum computing industry is expected to experience significant sales growth by 2026, but the sustainability of this growth is uncertain due to high valuations and competition from larger tech companies [15][20] - The first-mover advantage of current quantum computing companies may be challenged as larger firms with more resources enter the market [20]