# Could D-Wave Quantum Hit $257 by 2035? Here's the Math

D-Wave (QBTS) is playing a different game than other quantum startups. While competitors chase general-purpose quantum computing, D-Wave focuses on quantum annealing—basically optimization problems like AI inference, logistics, and weather prediction.

The numbers are wild on paper: McKinsey estimates a $97B cumulative quantum market by 2035. If D-Wave captures even a slice—say $10B annual revenue at 30% margins—that's $3B profit. Slap a 30x valuation multiple on it, and you're looking at a $90B company, or ~$257/share (vs $23.40 today). That's a legit 10-bagger.

But here's the catch: that assumes D-Wave survives the cutthroat competition, doesn't massively dilute shares, and actually nails the market timing. Quantum computing won't hit mainstream until ~2030, so we're betting on a 10-year runway. Plenty can go wrong—the stock could just as easily crater to zero.

The real question: Is D-Wave's specialized approach genius or a dead end? Nobody knows yet. Right now it's a lottery ticket in a sector that's already volatile AF.