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Research

Each piece follows the same structure: company, business model, industry, financials, management, competition, thesis, valuation, catalysts, risks and conclusion. Every market price and financial figure shows the date it relates to.

Equity research · Stock pitchSeptember 26, 2026
D-Wave Quantum NYSE: QBTS
D-Wave is one of the few quantum computing companies already converting research into contracted demand. Bookings and remaining performance obligations are running well ahead of recognized revenue, and the balance sheet can fund development for some time. The valuation is the central risk, so the position size is deliberately small.
Rating
Buy (long-term)
Price at pitch
$17.48 (Sept. 24, 2026 close)
Sizing
2–4% of portfolio, given valuation and volatility

More research will be added as it's completed.

D-Wave Quantum NYSE: QBTS