D-Wave Quantum Inc.’s (QBTS) cash levels have raised concerns among investors, despite the company’s robust war chest to fund growth prospects. In August, I initially covered QBTS and believed its cash reserves were sufficient to drive expansion plans.
However, a recent price drop of 7.06% has sparked questions about the company’s financial health. According to market data, QBTS’ last traded price is $34.26, with a 0.67% decline since the post. This movement indicates that investors are reassessing the company’s cash levels and potential for growth.
It remains to be seen whether QBTS can overcome this recent slump and maintain its position as a leading player in the quantum computing space.
Source: https://seekingalpha.com/article/4834542-d-wave-quantum-gains-nvidias-nvqlink-tailwind-ahead-of-q3-er-rating-upgrade