D-Wave Quantum: Potential Applications in Crypto Mining Warrant a ‘Buy’ Rating

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Read why QBTS is a buy.”,”headline”:”D-Wave Quantum: Potential Applications In Crypto Mining; Initiating With ‘Buy'”,”about”:[{“@type”:”Corporation”,”name”:”D-Wave Quantum Inc.”,”tickerSymbol”:”NYSE:QBTS”,”url”:”https://seekingalpha.com/symbol/QBTS”},{“@type”:”Corporation”,”name”:”D-Wave Quantum Inc.”,”tickerSymbol”:”NYSE:QBTS”,”url”:”https://seekingalpha.com/symbol/QBTS”}],”image”:[“https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2156615862/image_2156615862.jpg?io=getty-c-w1280″,”https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2156615862/image_2156615862.jpg?io=getty-c-crop-16-9″,”https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2156615862/image_2156615862.jpg?io=getty-c-crop-4-3″],”isAccessibleForFree”:”False”,”hasPart”:[{“@type”:”WebPageElement”,”isAccessibleForFree”:”False”,”cssSelector”:”.paywall-full-summary”},{“@type”:”WebPageElement”,”isAccessibleForFree”:”False”,”cssSelector”:”.paywall-full-content“}]} Hunter Wolf Research2.64K FollowersFollowPlay(8min)SummaryI am initiating a ‘Buy’ rating on D-Wave Quantum with a fair value of $11 per share due to its superior technology and potential in crypto mining.D-Wave’s quantum computing technology could significantly reduce energy costs in cryptocurrency mining, accelerating the commercialization of quantum computers.The company’s annealing and gate-model quantum computers provide unique advantages, with strong commercial applications and growing customer interest.Despite customer concentration risks and ongoing capital needs, D-Wave’s growth potential and technological advancements justify a positive outlook. adventtr D-Wave Quantum (NYSE:QBTS) is a leading quantum computing company, researching both annealing and gate-model quantum computers. Their recent published paper demonstrates their quantum computing technology could potentially be used in cryptocurrency mining process to generate andThis article was written byHunter Wolf Research2.64K FollowersFollowMore than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company’s quality. I am targeting to achieve a 15% annual return in my portfolio. I typically construct my portfolio with 15-20 stocks, focusing on diversification of holdings, risk management, macro-driven sector weights, and disciplined trading and valuations as key factors.Disclosure: Lighting Rock and I are working in the same investment team. I am writing here independently.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For YouAbout QBTS StockSymbolLast Price% Chg1D5D1M6M1Y5Y10YMarket CapPEYield Rev Growth (YoY)Short InterestPrev. CloseCompare to PeersMore on QBTSRelated StocksSymbolLast Price% ChgQBTSQBTS–1D5D1M6M1Y5Y10YCompareTrending AnalysisTrending News

D-Wave Quantum: A ‘Buy’ Opportunity

Hunter Wolf Research initiates a “Buy” rating for D-Wave Quantum (NYSE: QBTS), setting a fair value of $11 per share. This positive outlook stems from the company’s advanced technology and its potential applications within the cryptocurrency mining sector.

Quantum computing technology holds the promise of significant advancements, particularly concerning energy efficiency in cryptocurrency mining. D-Wave’s innovations could dramatically cut energy costs, thereby accelerating the commercialization and adoption of quantum computing solutions within this domain.

Technology and Competitive Advantages

D-Wave stands out with its development of both annealing and gate-model quantum computers. These distinct approaches offer unique advantages, supporting robust commercial applications and attracting considerable customer interest. This positions D-Wave favorably in a rapidly evolving technological landscape.

Investment Considerations

Despite acknowledging the risks associated with customer concentration and the ongoing need for capital, Hunter Wolf Research remains optimistic. The rationale behind this positive assessment lies in D-Wave’s substantial growth potential, driven by technological advancements poised to reshape the future of computing and its application in emerging fields like cryptocurrency mining.

The analysis suggests that the company’s strategic position and technological capabilities justify a “Buy” recommendation, making QBTS a compelling option for investors looking at the quantum computing space.