Finally breaking above $20 per share in mid-July, quantum computing giant D-Wave Quantum Inc. (NYSE: QBTS) extended its rally as it touched new all-time highs. As shares have nearly doubled in value year-to-date (YTD), investors will undoubtedly be watching the company's early-August earnings for clues about its ongoing commercialization efforts.
There are plenty of reasons to be optimistic—over a quarter of surveyed business leaders expect a quantum investment to provide an ROI of more than $5 million in the first year, with another 46% anticipating ROI between $1 million and $5 million. This suggests a bullish customer base ready to spend heartily on quantum technology that could transform industries.
