D-Wave Rewarded Patient Investors With 135% Gains but Recent Buyers Face a Brutal Reality

D-Wave Quantum (NYSE:QBTS) came public through a SPAC merger in August 2022 as a niche pioneer in quantum annealing, a narrower approach than the gate-model systems that dominate headlines. For its first two years on the tape, the story was patient commercialization: signing Forbes Global 2000 customers, shipping the Advantage2 platform, and burning cash while ... D-Wave Rewarded Patient Investors With 135% Gains but Recent Buyers Face a Brutal Reality