D-Wave: A Quantum Leap of Faith?

My Uncle Barry, a man whose financial advice peaked with a surprisingly lucrative Beanie Baby collection, called last week. He’d heard about D-Wave (QBTS 1.17%), and naturally, assumed it involved waves at a beach. Explaining quantum computing to Barry is…a commitment. It’s like trying to describe color to someone who’s only ever known beige. But he insisted, after I’d finished, that if it involved computers, it was probably a scam. And you know, for a man who once traded a signed baseball card for a slightly used toaster oven, that’s a surprisingly insightful position.

D-Wave, for those not currently fielding calls from skeptical relatives, is growing revenue at a rate that would make even Barry’s Beanie Babies blush. Triple digits, they say. Which, in the world of publicly traded companies, is less a celebration and more a desperate attempt to justify existence. The stock, however, is languishing. It’s trading well below recent highs, which means either everyone else is smarter than me, or the market has a particularly refined sense of irony.

I’ve been digging into this, mostly because I’m contractually obligated to appear “informed” at cocktail parties. And what I’m seeing is…interesting. Accelerating bookings, a growing number of defense contracts (apparently, the military is very interested in things that are both expensive and difficult to understand), and a genuine push towards commercialization. They’re trying to build something real, something beyond theoretical physics and investor hype.

The problem, as always, is the financial side. They need to demonstrate sustained profitability, not just revenue growth. They need to convince the market that this isn’t just another tech bubble waiting to burst. And frankly, they need to do it quickly. My broker keeps sending me articles about “alternative energy” and “sustainable farming.” It’s a passive-aggressive way of suggesting I diversify.

I’m not saying D-Wave is a sure thing. Far from it. But I do think there’s a potential for a significant move higher if they can deliver on their promises. The risk, of course, is that they won’t. And then I’ll be stuck explaining quantum computing to Barry and my broker. Which, honestly, is a fate worse than a Beanie Baby collection.

Stock prices used were the market prices of March 3, 2026. The video was published on March 7, 2026.

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2026-03-08 22:32