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# D-Wave Quantum Stock Is Trading Above Its Fundamental Worth, But It's Too Risky To Bet Against It (Archive)
- URL: https://www.huntingalphas.com/d-wave-quantum-stock-is-trading-above-its-fundamental-worth-but-its-too-risky-to-bet-against-it-archive/
- Published: 2025-01-04T04:17:00.000Z
- Updated: 2026-02-28T08:41:10.000Z
- Description: Overhyped quantum hopeful with weak fundamentals, strong momentum, and cautious neutral positioning.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, QBTS, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- D-Wave has a notorious track record of missing revenue expectations. Its revenues are also declining YoY.
- The company is unprofitable and cash-burning, but has ample liquidity for 2–3 years due to a recent $175 million equity raise.
- D-Wave is trading at high valuations in an overhyped sector. At a 157x 1-yr forward P/Revenues, I can't make a good argument for being bullish, especially considering weak revenue progress.
- D-Wave is seeing strong technical bullish action on the monthly charts, and it is risky to go against such momentum.
- I am keeping an eye on the growing short interest levels, as that may increase the chances of a final short squeeze before an eventual reversal.

Read the full article [here](https://seekingalpha.com/article/4747566-d-wave-quantum-stock-is-trading-above-its-fundamental-worth-but-its-too-risky-to-bet-against-it?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*