A peer in quantum computing has sold two quantum computers and improved response times with U.K. police. Quantum stocks face valuation challenges, but D-Wave Quantum (QBTS) saw a 14% spike in shares. Rigetti Computing’s $5.7 million order boosted D-Wave’s stock, while the company’s work with North Wales Police led to a 50% reduction in response times.
D-Wave’s market cap of $10 billion is questioned due to last year’s sales of $8.8 million. Investors are advised to remain cautious, with Alphabet (GOOG, GOOGL) suggested as a better quantum play. Analysts recommend the 10 best stocks to buy now, with Stock Advisor boasting a total average return of 1,063%.
Read more at Nasdaq: Why Did D-Wave Quantum Stock Skyrocket 14% Today?
