Is D-Wave Quantum Stock Still a Buy?
Quantum computing stocks have become Wall Street's favorite speculation, and D-Wave Quantum (NYSE: QBTS) epitomizes the subsector's promise and peril. The stock has rocketed 213% year to date, propelled by technical breakthroughs and a $400 million capital raise that fortified its balance sheet.
The company just launched its Advantage2 quantum system -- a legitimate advancement in quantum annealing that could solve optimization problems that current computers struggle with. South Korean institutions are signing partnerships. The momentum feels real.
Yet scratch beneath the surface and D-Wave's fundamentals scream caution. The company burns cash at an alarming rate, posting negative operating cash flow on minimal revenue.
Source Fool.com
