Overview
- D‑Wave went public via a SPAC on Aug. 8, 2022 and trades on the NYSE under the ticker QBTS.
- Shares opened at $10, fell below $1 in 2023, and recently traded around $12, underscoring sharp swings.
- The company reports many customer sign‑ups but generates only limited revenue from those engagements.
- D‑Wave builds superconducting flux‑qubit systems and offers access through its Leap cloud, focusing on quantum annealing for optimization.
- Its hardware requires cryogenic cooling, contrasting with IonQ’s trapped‑ion setup, and investors remain split given higher error rates and narrow current use cases.