#6 - D-Wave Quantum (NYSE:QBTS)
D-Wave Quantum Inc. (NYSE: QBTS) is the last of the pure-play quantum computing stocks on this list. The company’s claim to fame is that it was the first to develop a working 28-bit quantum computer.
In 2011, D-Wave pioneered its quantum annealing technology, which led to the world’s first commercially available quantum computer system—priced at $10 million.
Unlike a traditional gate-based system, D-Wave's quantum annealing technology analyzes the qubit and finds its optimal state or “ground state” where it will be the most stable to perform the needed calculations. Today, the company offers this technology via cloud-based access or on-premise systems for enterprise customers.
Still, like the other pure-play quantum computing stocks on this list, D-Wave is a small company, with a market cap of around $1.4 billion. It has very little revenue coming in and is not profitable. Despite this, the stock has attracted significant analyst attention. Of the six analysts covering it, all have given QBTS sock a Strong Buy rating.
About D-Wave Quantum
D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.
More about D-Wave Quantum- Current Price
- $4.56
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.71 (47.3% Upside)
