Quantum computing is the next big tech hype cycle.

With shares up by a jaw-dropping 3,600% over the last 12 months, D-Wave Quantum ( QBTS 23.29% ) has probably already minted plenty of millionaires. Investors are pouring into quantum-related stocks because of their disruptive long-term potential. But is the recent rally based on hype or fundamentals?

Let's dig deeper to see if D-Wave Quantum is still a millionaire maker or if it's better to wait on the sidelines.

What is driving this explosive rally?

While D-Wave Quantum hit the market through a merger with a special purpose acquisition company in 2022, shares didn't start gaining traction until late 2024. That was when the tech giant Alphabet debuted its cutting-edge quantum chip Willow, which was taken a

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