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D-Wave QBTS Stock: $37 Bull Case vs $13 Bear Case
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D-Wave QBTS Stock: $37 Bull Case vs $13 Bear Case
D-Wave Quantum is not expensive because quantum computing is hyped. It is expensive because the market is valuing the wrong number. At $16.73 as of July 17, 2026, QBTS carries a $6.20 billion market capitalisation against $12.44 million of trailing-twelve-month revenue — roughly 498 times sales. That multiple is meaningless, and treating it as the bear case is the most common analytical error in quantum-stock coverage. The number that actually m…
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