Canaccord Cites Leadership in Quantum Annealing Supporting D-Wave Quantum Inc. (QBTS) Upside

We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. The fifteenth stock on our list of best Strong Buy stocks is D-Wave Quantum Inc.

TheFly reported on January 29 that Canaccord raised its price target on QBTS to $43 from $41 and maintained a Buy rating. The firm cited confidence in QBTS’s continued leadership in quantum annealing and its growing potential in developing error-corrected superconducting gate model systems.

Canaccord Cites Leadership in Quantum Annealing Supporting D-Wave Quantum Inc. (QBTS) Upside

Earlier on January 27, D-Wave Quantum Inc. (NYSE:QBTS) announced a $10 million, two-year enterprise quantum computing as a service agreement with a leading Fortune 100 company. The partnership will focus on developing and deploying multiple quantum-powered applications, marking a key milestone in D-Wave’s enterprise adoption of annealing quantum computing.

D-Wave Quantum Inc. (NYSE:QBTS) is a U.S. quantum computing company that develops and delivers commercial quantum systems, software, and cloud services for real‑world optimization, AI, and research problems, including both annealing and gate‑model technologies.

While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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