D-Wave: Strong Progress, But Still Avoiding For Now

The Software Side of Life5.28K FollowersFollow5ShareSavePlay(12min)CommentsSummaryD-Wave Quantum has surged on quantum computing hype, but its stock price is disconnected from current fundamentals and realistic commercialization timelines.QBTS faces a long, uncertain path to commercialization, with significant competition from tech giants like IBM and Google advancing rapidly in the field.Despite recent partnerships and proof-of-concept wins, QBTS's revenue remains minimal and its valuation is stretched at nearly 300x forward revenue.I remain bearish on QBTS in the near term, seeing more downside risk than upside until commercialization and revenue growth become more tangible. koto_feja/E+ via Getty Images D-Wave Quantum (QBTS) has been on a generational run over the past year as investor interest in quantum has meteorically risen. While the technology is not new, companies are getting closer and closer to actual applicationThis article was written byThe Software Side of Life5.28K FollowersFollowIndividual investor with hands-on experience in the equity markets. Largely focusing on Tech companies or major mispricings in the market.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You