D-Wave Quantum (NYSE: QBTS) has seen its stock price soar over 1,480% in the past year, driven by increasing investor interest in quantum computing, despite trading at a high market cap of $5.4 billion with valuations of 222 times this year’s sales and 142 times next year’s. Investors are now weighing whether to buy into D-Wave’s stock based on its business model, potential catalysts, and existing challenges.
