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D-Wave's Commercial Momentum Is Real, but a Critical Gap Remains

Source: Nasdaq

Technology & InnovationCompany FundamentalsCorporate Guidance & Outlook

D-Wave is reporting improving commercial indicators, including higher bookings, remaining performance obligations (RPO), and production usage of its quantum-computing-as-a-service platform. However, revenue remains small and uneven, leaving the central investment question whether customer commitments and rising QCaaS adoption can convert into durable recurring revenue.

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