Is D-Wave Quantum Stock a Buy?
The quantum computing industry stands at a fascinating inflection point. While widespread practical applications remain years away, investors have substantially bid up quantum computing stocks in 2024. Industry peer IonQ has gained 206%, while Rigetti Computing is up 344.7% year to date, suggesting broad optimism about the industry's future.
Among these quantum computing players, D-Wave Quantum (NYSE: QBTS) has captured particular attention from both institutional investors and the broader market. The stock has surged an eye-catching 474.9% in 2024. Yet with a market capitalization of $1.2 billion and modest current revenues, investors must carefully weigh the company's pioneer status against its rich valuation. Here's what you need to know before buying shares.
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Source Fool.com
