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Yahoo
a day ago
- Business
- Yahoo
Why D-Wave Quantum Inc. (QBTS) Soared On Friday
We recently published a list of . In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against other Friday's best-performing stocks. D-Wave Quantum grew its share prices by 13.05 percent on Friday to finish at $18.62 apiece as investors resumed buying following news that its new quantum computer, said to be capable of solving problems beyond the capabilities of a classical GPU-based supercomputer, is now generally available in the market. Called the Advantage2, the new quantum computer features a 4,400+ qubit processor with improved coherence and connectivity. It targets real-world applications in optimization, materials simulation, and AI, and features a 75 percent reduction in noise and a 40 percent energy scale increase over the predecessor Advantage(TM) quantum system. A modern computer datacenter, running an advanced quantum computer system. In other news, D-Wave Quantum Inc. (NYSE:QBTS) recently raised $95.8 million from the issuance of warrants. Under the transaction, approximately 8.33 million warrants were exercised at a price of $11.50 apiece. The warrants were assumed by D-Wave Quantum Inc. (NYSE:QBTS) in connection with its merger with DPCM Capital Inc., which was completed on August 5, 2022. Overall, QBTS ranks 6th on our list of Friday's best-performing stocks. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Irish Independent
5 days ago
- Business
- Irish Independent
ECB set to cuts rates this week as inflation cools faster than expected
The ECB is widely expected to cut rates on Thursday at a scheduled meeting of its governing board. A rate cut of a quarter of one percent would bring the rate for the ECB's main refinancing operation – a reference for Irish tracker mortgages – to 2.15pc, a level last reached in late 2022. Traders are currently placing a 96pc chance on cut on Thursday, which will be the eighth cut since last June to the bank rate, currently at 2.25pc. Consumer prices rose 1.9pc in the year to the end of May, slowing from an inflation rate of 2.2pc in April. Excluding volatile items like food and energy inflation moderated to 2.3pc, while pressures in the closely watched services sector cooled markedly. It's the first time in eight months and only the second since mid-2021 that headline inflation hasn't exceeded the target. Inflation had spiked to 10.6pc in October 2022. Due to the uncertainty over how the global trade situation will evolve, the ECB will provide scenarios alongside its quarterly projections on Thursday. In March, it saw inflation slowing to 1.9pc in 2026 and 2pc and 2027, from 2.3pc this year. The strengthening of the euro, as the dollar has fallen, combined with softer energy costs have helped ease prices more quickly than many had expected. On Tuesday Bank of Ireland said it is cutting interest rate paid to savers on 12 and 18-month term deposits by 0.25pc from Thursday, June 5th. Customers who are in the process of opening new 12- or 18-month fixed-term deposit accounts can still avail of the current rates if they open their account by the close of business on 4 June, the bank said. It will take the interest earned for locking into the bank's Advantage 12 Month Fixed Term account to 1.74pc. The interest earned for locking into the Advantage 18 Month Fixed Term account will fall to 3.36pc (an annualised rate of 2.24pc). Bank of Ireland said the rate reduction will not affect its other savings accounts, including SuperSaver, the bank's most popular choice for new regular savings, which continues to offer a 3pc AER (Annual Equivalent Rate) for 12 months. Savers who are already locked into fixed-term deposit account will continue to earn interest at their original rate until the end of their term. The move comes ahead of an expected European Central Bank rate cut in Thursday, which will be the eight in succession. The ECB has lowered interest rates by a cumulative 1.75 percentage points in a year in a bid to calm inflation. In the same period Bank of Ireland, headed by CEO Myles O'Grady, has reduced its 12 and 18-month term deposit rates by a total of 0.75pc including the latest cuts.
Irish Independent
5 days ago
- Business
- Irish Independent
Bank of Ireland to reduce savings rates on some accounts
Customers who are in the process of opening new 12- or 18-month fixed-term deposit accounts can still avail of the current rates if they open their account by the close of business on 4 June, the bank said. It will take the interest earned for locking into the bank's Advantage 12 Month Fixed Term account to 1.74pc. The interest earned for locking into the Advantage 18 Month Fixed Term account will fall to 3.36pc (an annualised rate of 2.24pc). Bank of Ireland said the rate reduction will not affect its other savings accounts, including SuperSaver, the bank's most popular choice for new regular savings, which continues to offer a 3pc AER (Annual Equivalent Rate) for 12 months. Savers who are already locked into fixed-term deposit account will continue to earn interest at their original rate until the end of their term. The move comes ahead of an expected European Central Bank rate cut in Thursday, which will be the eight in succession. The ECB has lowered interest rates by a cumulative 1.75 percentage points in just under two years in a bid to calm inflation. In the same period Bank of Ireland, headed by CEO Myles O'Grady, has reduced its 12 and 18-month term deposit rates by a total of 0.75pc including the latest cuts.
Yahoo
21-05-2025
- Business
- Yahoo
Bull of the Day: D-Wave Quantum (QBTS)
D-Wave Quantum QBTS shares soared over 25% on Tuesday after the company announced its next-generation Advantage quantum computing D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI).But the immediate breakthrough might be that customers will be able to access Advantage2 initially only through D-Wave's Leap cloud service. This marks the first instance of Completes the TriumvirateD-Wave CEO Alan Baratz emphasized in the company's Q1 earnings release two weeks ago that they "became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem."From the May 8 press the peer-reviewed paper 'Beyond-Classical Computation in Quantum Simulation' in Science, validating D-Wave's demonstration of quantum computational supremacy on a useful real-world problem. This research showed that D-Wave's annealing quantum computer was able to perform a magnetic materials simulation in minutes that would take nearly one million years and more than the world's electricity supply on one of today's most powerful classical supercomputers, the Frontier massively parallel, GPU-based exascale supercomputer at the Oak Ridge National Laboratory. This claim met resistance from some technology observers who debated the apples vs. oranges comparisons. But the accomplishments of D-Wave should not be so easily dismissed as there is definitely a "there, there" under the surface. As we learned from NVIDIA NVDA CEO Jensen Huang and other quantum experts recently at the first ever NVIDIA Quantum Summit in March, the world's most advanced computers will use a combination of CPUs, GPUs, and QPUs, or quantum computing are not only very far from competing with GPUs, they will likely never replace them. And Jensen made sure everyone knew that when he graciously invited those leaders for a pow-wow, a month after completely dismissing the nascent can learn more about that exciting and controversial event in a podcast I did with Neena Mishra in March... Quantum Computing: Tech's Next Giant Leap?D-Wave's outspoken CEO Baratz sat next to Jensen and you could only cut the tension with a laser. But Baratz had already acknowledged that quantum systems will work in tandem with GPU-based AI, and he proved it with the company's first big sale in February.D-Wave made a big splash in the quantum computing space with their first sale of an Advantage annealing quantum computing system to a high-performance computing (HPC) center, the Jülich Supercomputing Centre (JSC), about 54 kilometers west of Cologne, Europe's first and only exascale HPC, the JSC JUPITER supercomputer will utilize D-Wave's Advantage system to facilitate breakthroughs in AI and quantum optimization is expected to surpass the threshold of one exaFLOP, or one quintillion floating point operations per second. This will be the world's first coupling of an annealing quantum computer with an exascale supercomputer, providing a first-of-a-kind opportunity for tackling the world's toughest computational Raises the BarThe Advantage2 system is expected to deliver significant performance gains and efficiency with doubled coherence, increased connectivity and a 40% boost to the energy scale for advanced problem addition to the Jülich Supercomputing Center, the Los Alamos National Laboratory (LANL) has already been using prototypes of the new Advantage2 system to advance their research. A LANL engineer and Dale Moore, President and CEO of defense contractor Davidson Technologies, both were quoted in the press release regarding their enthusiasm for continued R& located in Huntsville, Alabama is a trusted provider of advanced engineering and technical solutions supporting the U.S. Department of Defense, intelligence community, and aerospace industry. With a focus on mission-driven innovation, Davidson combines deep domain knowledge with emerging technologies to solve the nation's most complex defense of this announcement, QBTS shares were already a Zacks #2 Rank because EPS estimates had moved significantly higher between the company's last two quarterly reports, with the full-year 2025 bottom line rising from a loss of 38-cents to only -$ the Q1 sale to JSC, D-Wave had bragging rights of a 500% jump in revenues on an admittedly small base. Before Tuesday's announcement, full-year 2025 sales were projected to cross $25 million, representing 183% it's fair to say that with a meteoric 125%+ gain in just 9 trading sessions, investors will be looking for increased sales and clarity on the expected delivery of physical Advantage2 systems -- or if margins will be better with the Leap cloud hyperscalers (think Microsoft, Google, Amazon, Oracle, and even Meta and Tesla) and other supercomputing research centers aiming to integrate quantum computing into their infrastructure will definitely want the Advantage2 system in a dedicated on-premise Goes Full QuantumAnother fortunate trade wind for D-Wave this past week may be the sizable investments and partnerships being lavished on a private the private quantum-computing company majority-owned by Honeywell, finalized a $1 billion agreement with a Qatari investment firm last week. That number is spread over a decade, but it does show a commitment to the technology that has not been seen in the revenues of any of the companies was thought last year that Quantinuum might fetch a valuation as high as $10 billion if it IPOs this year. That estimate is probably higher now, and driving more investors to bet on the ponies already running on the public track, including Rigetti Computing RGTI and IonQ was a big winner for members of my TAZR Trader portfolio recently where we took gains of 1,340% and 703%. And IonQ has been of particular interest in my special report Beyond AI: The Quantum Leap in Computing Power because it utilizes the same technology approach as Quantinuum known as "trapped ion" Tuesday's rally in D-Wave shares, TAZR is sitting on open gains of over 1,600% in So Fast, You Gotta Wear a HelmetWriting for Barron's on May 15, Mackenzie Tatananni explained the "ramping global demand" for the technology."Quantum computing is often seen as a speculative bet by investors and detractors could argue that its appearance alongside sectors like defense and energy was a surprise. However, the announcement was just another sign that enthusiasm for the technology continues to mount, both in the U.S. and abroad."Quantinuum said its joint venture agreement with Al Rabban Capital would accelerate the adoption of quantum technology in Qatar and the surrounding 10-year investment horizon includes training new developers and enabling access to Quantinuum's systems. As we've learned with NVIDIA, getting developers on-board and building in the platform ecosystem is key to further adoption across corporations and partners plan to develop regional-specific uses of quantum in fields such as finance, precision medicine, and genomics, both for academic and industrial line: While the stock valuations of QBTS, RGTI, and IONQ may be ahead of their revenues, there is excitement among investors big and small, from Qatar to Queens, that QPUs will change the world as fast GPUs in the coming decade. 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
19-05-2025
- Business
- Yahoo
Advantage Solutions supports St. Louis in wake of tornado devastation
With recovery efforts ongoing, Advantage pledges financial assistance and is mobilizing employee volunteers to assist after Friday's natural disaster ST. LOUIS, May 19, 2025 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced today it will provide support to The Urban League of Metropolitan St. Louis following the recent tornadoes that caused widespread destruction in the region, including significant damage to the League's headquarters. In alignment with its commitment to build stronger, more resilient communities, Advantage will donate $25,000 to the Urban League's emergency relief efforts and is mobilizing a team of employees to help with on-the-ground cleanup and recovery efforts. 'Our hearts are with the entire St. Louis community, and especially with our partners at the Urban League. Despite suffering their own major losses, they're once again stepping up to serve their neighbors in need,' said Advantage Solutions CEO Dave Peacock. 'In times of crisis, we believe businesses must act with urgency and compassion. That's why we're expanding our support and calling on others to do the same.' In addition to the community at large, Advantage is committed to supporting its own teammates impacted by the disaster. Eligible teammates can apply for grants through the company's Associate Support Fund, which provides financial assistance for those affected by natural disasters and other unexpected hardships. Additionally, all teammates have access to the Employee Assistance Program, which offers 24/7 support from trained advocates who can help assess needs, develop solutions, and connect individuals to valuable resources. Advantage's support of the Urban League builds on a multi-year partnership that includes its Save Our Sisters Fund, which provides holistic wraparound services — including employment, education, rental, mortgage and utility assistance — for women from all walks of life to help them reach their full potential. To learn more about the Urban League's recovery efforts or to make a contribution, visit About Advantage Solutions Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it's creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit About the Urban League of Metropolitan St. Louis The mission of the Urban League of Metropolitan St. Louis, Inc. is to empower African Americans and others throughout the region in securing economic self-reliance, social equality, and civil rights. As the leading champion of empowerment and opportunity for African Americans, the Urban League of Metropolitan St. Louis envisions a region where all people are valued members of the community; can adequately support themselves and their families; live in the neighborhoods that are vibrant and thriving; and share in the region's prosperity and well-being. Investor Contact:Ruben Media Contact:Jeffrey 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
