D-Wave Quantum (QBTS) Is Up 20.0% After Rethink Conference Presentation Announcement Has The Bull Case Changed?

• D-Wave Quantum Inc. is set to present at the 2025 Rethink Conference in Florida on July 18, featuring technical leaders Ken Robbins and Sean McNunn discussing quantum optimization solutions.
• This upcoming presentation offers a platform for D-Wave to potentially highlight new advancements, which often draws heightened interest from both industry peers and investors.
• We’ll explore how anticipation around D-Wave’s planned updates in quantum optimization could influence its broader investment narrative.

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What Is D-Wave Quantum's Investment Narrative?

To be a D-Wave Quantum shareholder, you need to buy into a vision where quantum optimization is a backbone for future industries, a belief that large-scale adoption is more about “when” than “if.” The Rethink Conference airing, along with yesterday’s sharp share price rise, suggests investors are closely watching for signals that D-Wave’s solutions can translate excitement into contracts and lasting revenue. Previously, the central short-term catalysts focused on customer wins, adoption of the Advantage2 system, and visibility from strategic alliances like those with Yonsei University or Ford Otosan. This event, however, might amplify near-term interest, especially if any technical updates hint at deeper commercial traction or new partnerships. Yet, risks haven’t gone away: D-Wave remains unprofitable, has diluted shareholders, faced high volatility, and was recently dropped from several major indices despite rapid sales growth and healthy capital raises. For now, the upcoming presentation may fuel speculation but likely doesn’t materially shift the toughest challenges, delivering profit, stabilizing the share base, and sustaining momentum.

But set against the excitement, dilution risk looms for all new shareholders.

The analysis detailed in our D-Wave Quantum valuation report hints at an inflated share price compared to its estimated value.

Exploring Other Perspectives

With 63 fair value estimates from the Simply Wall St Community spread between US$0.23 and US$20, investor sentiment covers an enormous range. Paired with the ongoing risks around unprofitability and dilution, these differences show just how varied expectations for D-Wave’s future really are. You can see how widely opinions differ and compare these alongside professional analysis.

Explore 63 other fair value estimates on D-Wave Quantum - why the stock might be worth as much as $20.00!

Build Your Own D-Wave Quantum Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your D-Wave Quantum research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.
• Our free D-Wave Quantum research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate D-Wave Quantum's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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