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Campaigns / Kerrisdale Capital → D-Wave Quantum Inc
Kerrisdale Capital vs. D-Wave Quantum Inc

D-Wave Quantum Inc · QBTS

1 deck published between 2025-04-01 and 2025-04-01 — 19 pages, 19 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-04-01 initial thesis

    2025 04 Dwave Kerrisdale

    19pp · research_note

    D-Wave's quantum annealing is a commercial dead end, its 'hybrid' solvers are almost entirely classical, and at 57x 2026E revenue the stock will collapse as reality sets in.