D-Wave Quantum Inc. (NYSE: QBTS) is among the most talked-about firms in a heavily hyped industry. Quantum computing companies, D-Wave plus rivals like Rigetti Computing Inc. (NASDAQ: RGTI) and legacy computing firm International Business Machines (NYSE: IBM), could usher in a new way for humans to interact with and use technology. Successful applications of quantum computers, although few for the time being, suggest a world of computing many orders of magnitude more powerful than any classical computers in existence right now; the global quantum computing industry is expected to grow at an impressive CAGR of more than 20% for the next five years.
And yet, shares of D-Wave have struggled to maintain upward momentum. Though the stock has more than quintupled in value in the last year, it has fallen by about 24% year-to-date (YTD). With the promise of quantum computing and D-Wave's key achievements in the space, wouldn't it be natural for the stock to continue to rise?
