"has been on a rally that exceeded bullish expectations several times over. This is largely thanks to the company's management pulling off a PR offensive and then turning it into a windfall for the company's balance sheet. In turn, investors got even more bullish, and QBTS stock has been on a relentless rally. All that said, the past month has been less bullish. QBTS stock is only up 1.2% in the past month after falling from its peak."
"Earlier this year, the company went on a high-profile investor conference blitz. This included the B. Riley Virtual Quantum Computing Day (March 7), the Stifel Technology One-on-One Conference in New York (March 11), the Roth Annual Conference in Dana Point (March 17-18), and the Craig-Hallum Virtual Quantum Computing Conference (March 24). From its trough in March to its peak that month, QBTS stock popped by over 141%."
QBTS experienced a powerful rally driven by management's PR offensive that translated into balance-sheet gains and boosted investor optimism. The stock rose sharply, at one point surging over 141% from its March trough, though recent performance cooled with only a 1.2% increase in the past month. Bulls expect continued appreciation while bears warn of a possible bubble. D-Wave's PR push included a concentrated investor conference blitz and a widely publicized "Quantum Supremacy" claim based on Advantage2 quantum annealer simulations. Researchers from the Flatiron Institute and EPFL challenged the supremacy claims, prompting scrutiny of sustainability.
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