D-Wave Quantum (QBTS) Signs LG CNS Deal As Fair Value Debate Heats Up

D-Wave Quantum (QBTS) drew attention after signing a non-binding memorandum of understanding with LG CNS to promote quantum annealing solutions for enterprise optimization in South Korea and select international markets.

D-Wave Quantum’s latest agreement lands after a rough stretch for the ticker, with the share price down 33.6% over the past 30 days and 63.1% year to date, even as the 3 year total shareholder return is extremely high. Recent pressure has been driven by a sector wide pullback in quantum computing names, concern about cash burn and equity dilution, and an over 35% slide in October that coincided with weaker sentiment following a peer’s large fundraise. On top of that, securities class action headlines and upcoming earnings on November 10 have kept perceived risk elevated. This comes despite product updates like Stride solver upgrades and fresh commercial partnerships that some investors see as pointing to longer term commercialization potential.

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D-Wave Quantum now sits at the intersection of strong technology, rising bookings, and a share price that has reset sharply. Are investors still overpaying for that story, or has the recent slide finally reset expectations?

Most Popular Narrative: 71% Undervalued

D-Wave Quantum closed at $10.38, while the most widely followed narrative pegs fair value near $35.24. The gap between price and story is wide and forces investors to question how much of the long term ambition is actually reflected in the ticker today.

Broadening use of quantum and AI for drug discovery, financial services and telecom optimization, combined with more than 100 revenue generating customers and a strong cash position, may create a platform to compound bookings and narrow adjusted net losses over time.

See why 116 investors see D-Wave Quantum as 71% undervalued.

Result: Fair Value of $35.24 (UNDERVALUED)

Still, the D-Wave Quantum story could be knocked off course if large system deals fail to repeat or if heavy R&D spend continues to widen losses.

Find out about the key risks to this D-Wave Quantum narrative.

Next Steps

Mixed signals like these can be useful if you are willing to move quickly and test the story against the numbers yourself. To weigh both sides and pressure test your own thesis, start with the 1 key reward and 1 important warning sign.

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