D-Wave Quantum is successfully commercializing quantum annealing technology with its Advantage2 platform gaining commercial traction. The company has over 100 revenue-generating customers and a strong cash position for scaling and investment. Revenue rose nearly 100% to $3.7 million in the recent quarter, with a GAAP gross margin exceeding 70%. The Advantage2 platform is in full production, serving over 100 customers, including two dozen Forbes Global 2000 companies. D-Wave is also working on developing a fault-tolerant gate-model-based quantum system. However, becoming a 10-bagger stock seems low-probability. Considerations before buying stock in D-Wave Quantum include the potential for niche addition to a diversified portfolio.

Read more at Nasdaq: D-Wave Quantum: The Next 10-Bagger Stock?