D-Wave Quantum Inc. (NYSE: QBTS), the $10-billion quantum computing company with a share price that has soared by more than 358% in the last 12 months, is working to position itself as the go-to quantum firm in a crowded field that also includes competitors like IonQ Inc. (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), and others.
Each of these companies faces an uphill battle demonstrating to the broader public that quantum tech is useful for everyday applications. However, three recent developments—two key gains for D-Wave and one setback for major rival Rigetti—could position QBTS as the stock to beat this year.
