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Is D-Wave Quantum Stock a Buy Now?

TheMotleyFool

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D-Wave Quantum's (NYSE: QBTS) stock surged more than 1,480% over the past 12 months. That explosive rally, which lifted it from its all-time lows, was driven by the market's growing enthusiasm for quantum computing stocks.

But with a market cap of $5.4 billion, it trades at a whopping 222 times this year's sales and 142 times next year's sales. Should investors still buy D-Wave's stock and expect it to grow into those nosebleed valuations? Let's review its business model, upcoming catalysts, and challenges to decide.

Image source: Getty Images.

Source Fool.com

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