Latest news with #Advantage2
Yahoo
17 hours ago
- Business
- Yahoo
D-Wave Quantum (QBTS) Achieves Successful US$400 Million Equity Offering
D-Wave Quantum recently experienced a notable exit from numerous Russell indexes, amid its successful $400 million equity offering. While index removals can reflect shifts in a stock's perceived value or stability, the substantial capital infusion might support its future endeavors. During the last quarter, despite these index exits, D-Wave Quantum saw a significant share price increase of 203%, outperforming a flat broader market alongside its ongoing developments such as the launch of the Advantage2 system and a strategic collaboration with South Korean institutions. These factors likely contributed positively to investor sentiment and price movements. Every company has risks, and we've spotted 4 warning signs for D-Wave Quantum (of which 1 is potentially serious!) you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, D-Wave Quantum's shares have experienced a very large increase of 1751.96%, highlighting substantial long-term shareholder returns. In comparison to the US Software industry and the broader US market, which returned 26.3% and 14.8% respectively over the past year, D-Wave's performance has been exceptional. The considerable capital infusion from the $400 million equity offering mentioned in the introduction might aid in supporting D-Wave's revenue growth, which is forecasted to increase by 35% annually. However, despite recent share price surges and a closing price of $18.89, the current share price exceeds the consensus analyst price target of $16.57, indicating a potential overvaluation relative to market expectations. This price movement, juxtaposed with the company's ongoing unprofitability, raises questions about earnings forecasts in the near term. Learn about D-Wave Quantum's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include QBTS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
17 hours ago
- Business
- Yahoo
D-Wave Quantum (QBTS) Achieves Successful US$400 Million Equity Offering
D-Wave Quantum recently experienced a notable exit from numerous Russell indexes, amid its successful $400 million equity offering. While index removals can reflect shifts in a stock's perceived value or stability, the substantial capital infusion might support its future endeavors. During the last quarter, despite these index exits, D-Wave Quantum saw a significant share price increase of 203%, outperforming a flat broader market alongside its ongoing developments such as the launch of the Advantage2 system and a strategic collaboration with South Korean institutions. These factors likely contributed positively to investor sentiment and price movements. Every company has risks, and we've spotted 4 warning signs for D-Wave Quantum (of which 1 is potentially serious!) you should know about. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Over the past year, D-Wave Quantum's shares have experienced a very large increase of 1751.96%, highlighting substantial long-term shareholder returns. In comparison to the US Software industry and the broader US market, which returned 26.3% and 14.8% respectively over the past year, D-Wave's performance has been exceptional. The considerable capital infusion from the $400 million equity offering mentioned in the introduction might aid in supporting D-Wave's revenue growth, which is forecasted to increase by 35% annually. However, despite recent share price surges and a closing price of $18.89, the current share price exceeds the consensus analyst price target of $16.57, indicating a potential overvaluation relative to market expectations. This price movement, juxtaposed with the company's ongoing unprofitability, raises questions about earnings forecasts in the near term. Learn about D-Wave Quantum's future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include QBTS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
3 days ago
- Business
- Yahoo
Can RGTI Advance Toward Scalable Quantum Systems With Chiplet Design?
Rigetti Computing RGTI recently announced that it has reached a major technical milestone by achieving 99.5% median two-qubit gate fidelity on the modular 36-qubit system. This marks a two-times improvement in error rate compared with its prior best, the 84-qubit Ankaa-3 single-chip system. The new platform, composed of four 9-qubit chiplets tiled together, is a direct outcome of Rigetti's proprietary modular chip architecture, a design that allows for scalable, interconnected quantum systems. As the company prepares to launch this system on Aug. 15, the milestone brings Rigetti significantly closer to delivering more than 100 qubit chiplet-based platform by year-end. Rigetti's modular approach is not just about increasing qubit counts. It also helps improve system reliability, streamline manufacturing and support real-world performance. The company's latest 36-qubit system, built from four interconnected 9-qubit chips, shows that high-fidelity quantum operations can be maintained even across chip boundaries. That is a key step toward building larger, more scalable systems. For investors, it signals that Rigetti is not just advancing in the lab but taking meaningful steps toward developing commercial-grade quantum hardware that could appeal to enterprise and government customers alike. Peers Updates IonQ, Inc. IONQ is advancing trapped-ion quantum computing on multiple fronts. In June 2025, IonQ announced the $1 billion acquisition of Oxford Ionics to integrate ion-trap-on-a-chip technology and accelerate its path toward scalable, fault-tolerant systems. In April, IonQ launched Forte Enterprise, a 36-algorithmic-qubit system now available globally via its cloud and Amazon Braket, designed for high-performance enterprise workloads. It also unveiled a compact, room-temperature XHV ion-trap prototype, aimed at improving scalability and simplifying deployment. These moves strengthen IonQ's position in building modular quantum systems for enterprise and government customers. D-Wave Quantum Inc. QBTS advanced its annealing-based quantum platform with the May 2025 release of Advantage2, a sixth-gen system featuring more than 4,400 qubits, improved connectivity and energy efficiency. It is available via the cloud and for on-premises use. In June, D-Wave signed an MOU with Yonsei University and Incheon City to deploy Advantage2 in South Korea for academic and industrial applications. While distinct from gate-based systems, D-Wave's growing commercial adoption and global partnerships highlight its role in solving large-scale optimization problems. Rigetti's Price Performance, Valuation and Estimates Shares of RGTI have gained 12.3% in the year-to-date period compared with the industry's growth of 14.7%. Image Source: Zacks Investment Research From a valuation standpoint, Rigetti trades at a price-to-book ratio of 24.02, above the industry average. RGTI carries a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Rigetti's 2025 earnings implies a significant 86.1% rise from the year-ago period. Image Source: Zacks Investment Research The company 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 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
3 days ago
- Business
- Yahoo
Jim Cramer Fuels D-Wave: What Awaits QBTS After 31% Rally in July?
Investor excitement around D-Wave Quantum Inc. QBTS reached new highs this week after CNBC's influencer market analyst Jim Cramer spotlighted the company on Mad Money, suggesting it was a compelling buy for those seeking exposure to the rapidly evolving quantum computing sector. The endorsement added fresh fuel to a stock already riding high on robust fundamentals and growing institutional interest. Following this, shares of QBTS jumped nearly 14% at yesterday's close. So far in July, the stock has soared 31.4%. (read more: Ahead of Q2 Earnings & Amid IBM, Google's Quantum Push, Is QBTS a Buy?) Image Source: Zacks Investment Research Meanwhile, D-Wave Quantum is gaining strong financial traction as it scales operations. In the first quarter of 2025, the company posted a remarkable 509% year-over-year revenue jump, driven by a $12.6 million Advantage2 system sale to Germany's Julich Supercomputing Center. This underscores D-Wave's evolving model blending high-value system sales with recurring revenues from its Quantum Computing-as-a-Service platform. Profitability metrics also improved. D-Wave posted a GAAP gross margin of 92.5%, achieved its lowest net loss since becoming a public company, and cut its adjusted EBITDA loss by 53% year over year, demonstrating meaningful operating leverage as revenues scaled up. In June, D-Wave raised $400 million through an at-the-market equity offering, priced at a 149% premium to its January raise, boosting cash reserves to $815 million. Management calls this the strongest balance sheet in the quantum sector, giving D-Wave ample power for acquisitions, R&D and cloud expansion. Case for D-Wave's Rivals Quantum Computing Inc. QUBT: In May 2025, QUBT launched its ISO-certified photonic chip foundry in Tempe, AZ, marking a key step toward full vertical integration. The facility has begun fulfilling pre-orders, with initial revenues expected to ramp up in 2026. In the first quarter of 2025, QUBT posted modest revenues of $39,000 and reported a $17 million non-cash gain, turning a profit. Management sees the foundry as a gateway to broader adoption across telecom, sensing and quantum computing markets. (Read more: QUBT Surges 175% in 3 Months: What's Next as Quantum Race Heats Up?) IonQ IONQ: In June 2025, IonQ accelerated its growth strategy with two major acquisitions. It acquired Lightsynq to enhance modular quantum architectures and support fault-tolerant networking. Days later, IonQ announced a $1.075 billion deal to acquire Oxford Ionics, integrating its ion-trap-on-a-chip technology to fast-track the development of compact, scalable systems. These moves strengthen IonQ's roadmap toward multi-million-qubit machines and global quantum deployment. 2025 Estimates for QBTS Improve Earnings estimates for D-Wave Quantum have improved from a loss of 25 cents per share to a loss of 19 cents for 2025 over the past 90 days. Image Source: Zacks Investment Research D-Wave Quantum 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 Quantum Computing Inc. (QUBT) : Free Stock Analysis Report IonQ, Inc. (IONQ) : 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
Business Insider
4 days ago
- Business
- Business Insider
IonQ, D-Wave, and Rigetti Face Off Ahead of Earnings – Who's Nearest to Commercial Breakthrough?
In just three weeks, Wall Street will get another look under the hood of three of its most closely watched pure-play quantum computing stocks. IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) are all slated to report second-quarter earnings, offering fresh insight into their progress toward commercial viability. Each company is navigating the road to quantum relevance in its own way, and with investor expectations evolving, this round of results could help clarify which names are gaining ground and which are still stuck in the lab. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. First is IonQ, which has built the most ambitious roadmap of the three. It has also struck high-profile partnerships with AstraZeneca (AZN), Amazon Web Services (AMZN), and Nvidia (NVDA), backing its trapped-ion architecture. The company is actively involved in enterprise research in pharma, aerospace, and artificial intelligence. It's also investing in a dedicated quantum computer factory to scale hardware for commercial delivery, targeting interconnected quantum systems by 2028. Recent acquisitions, including Oxford Ionics and Lightsynq, strengthen its hardware stack and roadmap for networking quantum systems. Revenue growth has been steady since 2021, and although IonQ remains unprofitable, its trajectory shows growing market traction. Analyst sentiment is optimistic. Five analysts rate it a Buy, one a Hold. The average 12-month price target is $43, about 3.7% above the current price of $41.47. D-Wave: Visible Path to Commercialization D-Wave Quantum is the only company in the group with confirmed commercial sales of its hardware. Its Q1 2025 revenue reached $15 million, a 500% increase year-over-year, driven by a direct sale to a commercial customer. The company's 'Advantage2' platform achieved quantum supremacy on an optimization task, transitioning from a pilot stage to operational use cases in logistics and manufacturing. D-Wave is also expanding its Quantum Compute as a Service (QCaaS) business, which supports recurring revenue and makes its commercialization path more visible. Analysts are broadly supportive, with seven Buys and no Holds or Sells. The average price target is $17.33, reflecting a 7.3% upside from the current price of $16.15. Rigetti: Commercial Outlook Still Lagging Rigetti Computing is the most research-focused of the three. Its superconducting qubit architecture is technically solid, but the company remains tied to government and academic revenue. A $100 million partnership with Quanta Computer may accelerate development, but broader commercialization still depends on solving key fidelity and scalability challenges. Revenue in Q1 2025 came in at just $1.47 million. Although Rigetti posted net income of $42.6 million, that gain was tied to other income and not recurring operations. Rigetti's stock is down more than 16% year-to-date. Analysts remain bullish, with seven Buys and an average price target of $15, implying 17.9% upside from the current $12.72 price. But the commercial outlook still lags behind. Conclusion D-Wave Quantum is currently the most commercially active, having already closed real customer deals. IonQ has broader partnerships and a deeper long-term roadmap, positioning it as a potential platform leader. Rigetti, while technologically credible, remains focused on research and government contracts, with its path to widespread commercial adoption still taking shape. Ahead of Q2 earnings, investors may watch for updates on commercial traction, client pipelines, and revenue expansion to gauge who is truly closing in on quantum's commercialization moment. Using TipRanks' Comparison Tool, we've assembled and compared the three stocks – IONQ, RGTI, and QBTS, to gain a broader look at each stock's overall standings.
