D-Wave Stock Soars: The Quantum Leap Wall Street Didn’t See Coming
Quantum computing just got a lot more interesting—at least for traders. D-Wave’s stock ripped higher today, leaving traditional investors scrambling to decode the rally.
Why the sudden surge?
No earnings bombshell, no mega-partnership—just pure speculative momentum. The market’s betting big on quantum’s future, even if most folks can’t explain qubits.
The cynical take:
Another day, another ‘disruptive tech’ pump. Hedge funds love a good narrative—especially when it’s wrapped in Schrödinger’s hype.
D-Wave says it's bringing quantum and AI together
The company announced yesterday that it was releasing "a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation." Included in the release is an open source toolkit and a demo that enable "developers to seamlessly integrate quantum computers into modern ML architectures."
The company is clearly hoping to tap into the incredible growth of ML and AI, positioning its quantum technology as a powerful tool to maximize AI's potential.
Image source: Getty Images.
Quantum investors are getting ahead of themselves
The company's current market capitalization of more than $5.7 billion stands in stark contrast to its 2024 revenue of less than $9 million.
Despite the HYPE around quantum computing, I think there is plenty of reason to believe this technology is a very long way from maturing and being capable of driving revenue of any significance. D-Wave delivers its computing services to customers using a mix of quantum and classical computing, but is conveniently light on the details of how much it relies on each.
If you're an investor with a particularly high risk tolerance and the ability to possibly wait a decade for your investment to pay off, you could consider investing now. I'll personally wait until valuations come back to Earth. If you do, however, I WOULD strongly suggest spreading your investment around many quantum stocks; there's no way to tell at this point which company's approach will work in the long run.
