Quick Read
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QBTS returned 135% since its 2022 IPO, nearly doubling the S&P 500’s gain, but shares have already fallen from $47 to $23.
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D-Wave’s bookings rocketed ~2,000% YoY, but its $8.84B market cap against $12.4M trailing revenue prices in six more years of growth.
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It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
D-Wave Quantum (NYSE:QBTS) came public through a SPAC merger in August 2022 as a niche pioneer in quantum annealing, a narrower approach than the gate-model systems that dominate headlines. For its first two years on the tape, the story was patient commercialization: signing Forbes Global 2000 customers, shipping the Advantage2 platform, and burning cash while the rest of the quantum sector chased qubits.
The pivot came in…
