EDIT: $QBTS not $QUBTS
This is no more than an absurdly expensive science project that nets 2-3 million quarterly on a whopping 7B market cap. My price target for this is $4-6 by Jan 27.
Quantum is merely a leveraged sympathy trade in the AI/Data Center buildout. With OpenAI pumping the breaks on frontier buildout and NVDA cutting data center buildout commitment, I think the circular financing might be unwinding.
Rate tightening will kill these stocks and PCE is the feds preferred measure of inflation releasing
this Wednesday, with an address the following day.
Technicals look primed for a retest of $12 and lower
P/S 660
Revenue decreasing Y/Y
Insiders haven’t bought their own shares in 3 years, only selling.
Negative operating cash flow increasing 25+% Q/Q
