D-Wave Quantum Skyrocketed Today. Is the Stock a Buy?

D-Wave Quantum stock continued to surge higher despite little in the way of -specific news for the company

News that Denmark has aspirations to host the world's most powerful quantum computer pointed to the potential for a big increase in state-level support for the industry, but it was otherwise a relatively slow news day for quantum stocks

That didn't stop companies in the space from seeing big valuation gains, and expectations that the Federal Reserve will issue multiple interest rate cuts helped support price expansions

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However, Nevertheless, Is D-Wave Quantum stock a buy right now

Additionally, Charting the gression of the quantum computing space involves an incredibly high degree of guesswork

Even if it's taken as a baseline assumption that the category will continue to see major breakthroughs that pave the way for much wider commercial adoption, determining which companies in the space will wind up being winners involves a huge amount of speculation, in today's market environment

D-Wave is staking a specialized, forefront position in the category and could go on to see massive valuation gains if its quantum-computing machines der on their mise and ve to have substantial real-world applications, in today's market environment

What the re reveals is company launched its Advantage2 system in May, and its next quarterly report should vide some insight into what demand looks for the machines

While D-Wave stock looks risky on the heels of its recent valuation run up, it could be a worthwhile portfolio addition for investors who are making exposure to the quantum computing space a key strategic priority

Keith Noonan has no position in any of the stocks mentioned

However, The Motley Fool has no position in any of the stocks mentioned

On the other hand, The Motley Fool has a disclosure policy, in light of current trends.