QBTS - D-Wave Quantum Inc.

First to commercialize quantum computing, specializes in quantum annealing, serves commercial customers via cloud platform.

Unique focus on quantum annealing for optimization problems with commercial customers and Leap cloud access; also investing in gate-model QC to hedge bets.

Unique quantum annealing approach with commercial applications today; also investing in gate-model; worth watching closely.

Featured big money trade shows a large put option purchase at $23 strike expiring August 2026. Stock has been falling since its October 2025 peak. As a speculative company with cash flows far in the future, it's particularly vulnerable to inflation-driven selloffs. Host wouldn't be surprised by continued selling pressure.

Quantum annealing specialist - machines built for optimization problems. 100+ customers paying today. Published result in Science journal showing quantum advantage. $588M cash. Suggested entry in high teens for balanced risk-reward. Risk that bookings may not convert to revenue.

Good retest buy after pullback. Ross likes the consolidation pattern and targets a move back into the 30s.

Builds quantum computers, owns its own chip fabrication facility, has new Lyra chip launching later this year, $100M UK government contract, $8M India contract, $250M Nvidia platform integration. Very early stage with limited revenue but significant catalysts ahead.

Uses quantum annealing technology (different from gate model), has 135 real customers including LG and Sharp, 65% gross margins, 8 years of cash on hand, investor day scheduled in June. Considered the 'safer' quantum stock with real revenue of ~$25M growing quickly.

Quantum computing company with own chip fabrication facility, new Lyra chip launching later this year, $100M UK government contract, $8M India contract, $250M quantum Nvidia platform integration. Very early stage with limited revenue but significant catalysts ahead.

Uses quantum annealing technology (different from gate model), 135 real customers including LG and Sharp, 65% gross margins, 8 years of cash on hand, investor day scheduled in June. Described as potentially the 'safer' quantum stock.