America's 'shaky commitment' has Japan deepening its defense relationships in the region: Expert
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Yahoo
17 minutes ago
- Yahoo
IonQ Stock Surges on Quantum Breakthroughs: More Upside Ahead?
IonQ IONQ is rapidly positioning itself as a preferred partner for both commercial enterprises and government institutions worldwide. The company's global footprint expanded significantly in the just-reported second quarter of 2025, marked by a memorandum of understanding with Japan's AIST G-QuAT, the country's premier quantum and AI research center. In South Korea, IonQ has been designated as the primary quantum partner by the Korea Institute of Science and Technology Information (KISTI) to support the development of the nation's National Quantum Center of Excellence. In the United States, IonQ announced a $22 million agreement with EPB to establish the country's first commercial quantum computing and networking hub, while continuing its work with DARPA to help shape emerging quantum industry standards. On the commercial innovation front, IonQ achieved a major breakthrough in pharmaceutical research, delivering a 20x performance speed-up in a key drug development workflow through a collaboration with AstraZeneca AZN, AWS and NVIDIA NVDA, demonstrating practical quantum advantage. In the energy sector, the company partnered with Oak Ridge National Laboratory and the U.S. Department of Energy to address a critical national challenge (the 60% of energy lost due to grid inefficiencies). These achievements are helping IonQ to build momentum with an expanding roster of blue-chip partners, including NVIDIA, AWS, AstraZeneca, Ansys and General Dynamics. How IONQ is Positioned Among Peers International Business Machines IBM: It is strengthening its position in the quantum computing space with the expansion of its Poughkeepsie Quantum Data Center, adding a second Quantum Heron processor that delivers up to 16x better performance and 25x faster speed than systems from just two years ago. IBM also launched the National Quantum Algorithm Center in Illinois, powered by its modular Quantum System Two, positioning the state as a future global quantum hub. Rigetti Computing RGTI: It is advancing both technologically and financially, achieving a 99.5% median two-qubit gate fidelity on its modular, multi-chip quantum computer, a key milestone in reducing errors and improving scalability. The company also raised $350 million through an at-the-market equity offering, strengthening its cash reserves to support the continued development and expansion of its superconducting quantum infrastructure. IONQ's Price Performance, Valuation and Estimates IonQ shares have gained 27.2% in the past three months, outperforming the Zacks Computer - Integrated Systems industry. (Read more: IonQ Secures $1.6 Billion to Power Quantum Projects: Is It a Buy Now?) Image Source: Zacks Investment Research IonQ's forward 12-month price/sales ratio of 80.70 is far above the industry average, as you can see below. Image Source: Zacks Investment Research For IONQ, the Zacks Consensus Estimate for 2025 loss per share has remained unchanged over the past 90 days at 47 cents, as you can see below. The estimated figure indicates a much narrower loss than the year-ago reported loss of $1.56 per share. The Zacks Consensus Estimate for 2025 revenues implies year-over-year growth of 119%. Image Source: Zacks Investment Research IONQ stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AstraZeneca PLC (AZN) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
an hour ago
- Yahoo
Spark NZ to sell 75% of data centre business in deal valued at $419 million
(Reuters) -Spark New Zealand said on Tuesday it will sell a 75% stake in its data centre business to Australian fund manager Pacific Equity Partners, valuing the business at up to NZ$705 million ($418.63 million). The telecom company expects to receive approximately NZ$486 million in cash proceeds from the transaction. The company said that bringing on Pacific Equity as a capital partner will secure funding for planned data centre capacity expansion. Spark will retain a 25% stake to maintain its presence in New Zealand's growing market for AI infrastructure. The data-centre assets and operations will be transferred into a new stand-alone company, provisionally named "DC Co," with its own management team and financing facilities. Chief Executive Jolie Hodson said DC Co has "advanced plans in place" for a greenfield site on Auckland's North Shore and for further expansions at the Takanini site in South Auckland. ($1 = 1.6841 New Zealand dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
How Blackmagic Design Impacted The Film Industry
All of 2020 and half of 2021, I was working until 2 a.m. every day because I was writing the code that runs the company,' says Grant Petty, CEO and founder of Blackmagic Design. The 53-year-old billionaire isn't kidding. He despises outsourcing, so he literally writes all the SQL programs that run internal processes at his 1,500-employee, $576 million (revenue) Melbourne, Australia-based company. He's also known for starring in hour-long instructional videos for Blackmagic products like the Ursa Mini Pro 12K digital cinema camera. When the pandemic struck, Blackmagic (which manufactures all 209 of its products itself, unheard-of in the hardware business unless your name is Samsung or Sony) needed to share parts among its three factories in Australia, Singapore and Indonesia. Rather than hire someone, or even delegate the task internally, Petty rewrote the workflow software connecting inventory databases. If clubbiness, opaque accounting and exorbitant costs epitomize companies in Hollywood's ecosystem, then Petty and his defiant, do-it-yourself approach make Blackmagic Design a tear-down-the-walls revolutionary. His 21-year-old business is best known for making low-cost professional cinema cameras, electronic switchers and other specialized gear used in television and film production. It also makes free software known as DaVinci Resolve, used for color grading, special effects and to edit video and audio. Blackmagic's products are behind some big-budget, Oscar-nominated flicks such as Don't Look Up and Spider-Man: No Way Home, but its primary customers are YouTubers and budget-conscious independent filmmakers. Over the past couple years, that market exploded as lockdowns caused a surge in demand for professional-quality home equipment.
