D-WAVE QUANTUM (QBTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Despite D-Wave Quantum Inc.'s strong bookings growth and improving margins, its 220 P/S ratio and reliance on aggressive growth assumptions make the stock overextended, warranting a Hold until a price reset. The market's enthusiasm for quantum computing's potential has driven the stock up 95%, but the company's limited revenue and high valuation suggest short-term downside risk before the next leg up. While D-Wave's unique quantum advancements and financial stability are promising, its speculative nature and operational risks require careful timing—I'll re-rate QBTS stock to Buy after a correction.
Quantum computing stocks such as D-Wave Quantum Inc. QBTS gained momentum in December after Alphabet Inc. GOOGL introduced Willow, the quantum computing chip. However, in January, NVIDIA Corporation's NVDA CEO, Jensen Huang, commented that commercializing quantum computing would likely take at least 15 years, causing D-Wave shares to plummet.
On the latest Morning Brief, anchors Madison Mills and Brad Smith talk to strategists and economists about what President Trump's latest tariff threats mean for stocks and the US economy. They also speak with D-Wave Quantum CEO Alan Baratz about the company's big fourth quarter earnings report.
D-Wave Quantum Inc. (NYSE:QBTS ) Q4 2024 Earnings Conference Call March 13, 2025 8:00 AM ET Company Participants Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Kevin Hunt - Investor Relations Conference Call Participants Mayur - B. Riley Securities Richard Shannon - Craig Hallum Quinn Bolton - Needham & Co. Suji Desilva - Roth Capital David Williams - Benchmark Harsh Kumar - Piper Sandler Operator Good morning everyone and welcome to D-Wave's fourth quarter and fiscal year 2024 earnings conference call.
D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.10 per share a year ago.
D-Wave Quantum reports better-than-expected revenue and continues to gain customers.
D-Wave Quantum's fourth-quarter 2024 performance is likely to have reflected strength in its quantum computing solutions and strong demand among commercial customers.
D-WAVE QUANTUM (QBTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
D-WAVE QUANTUM stock benefits from an expanding clientele and its growing influence in the quantum computing space.
There has been a lot of news surrounding quantum computing stocks over the past two weeks. That is especially true for D-Wave Quantum NYSE: QBTS.
I see strong potential in D-Wave's aggressive expansion strategy, particularly its LaunchPad program, offering 3-month free trials to new customers. I believe the Carahsoft partnership will open doors to several government contracts, significantly expanding D-Wave's footprint in the public sector. I highly appreciate CEO Alan Baratz's proactive media approach, especially after his public response to Jensen Huang's comments during the January 2025 selloff.