Latest news with #D-Wave
Globe and Mail
a day ago
- Business
- Globe and Mail
D-Wave Quantum (NYSE: QBTS) Reports Strong Expectations for Quantum Computing-Based Optimization
D-Wave Quantum (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, released findings from a survey conducted with Wakefield Research showing rising enterprise interest in quantum optimization. The survey polled 400 business leaders, defined as logistics or operational managers and decision-makers who make decisions about optimization in their line-of-business. Of the business leaders surveyed who have implemented quantum optimization or plan to do so within the next two years, 46% expect return on investment (ROI) between $1 and $5 million within a year, while 27% anticipate an ROI exceeding $5 million within that time. The report highlights that 81% of respondents believe that they have reached the limits of benefits they can achieve from optimization on classical computers, with 53% planning to adopt quantum in workflows. Key target areas include supply chain, logistics, and manufacturing. CEO Dr. Alan Baratz said the survey results underscore the immediate business relevance of annealing quantum solutions. To view the full press release, visit About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Business Insider
3 days ago
- Business
- Business Insider
D-Wave Quantum (QBTS) Capitalizes on Annealing Advantage to Extend Bullish Outlook
Shares of quantum computing pioneer D-Wave Quantum (QBTS) have surged more than 124% year-to-date, fueled by the commercial debut of its Advantage2 annealing quantum computer, strong first-quarter earnings, and a successful $400 million capital raise through a stock offering. 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. I'm optimistically Bullish about quantum computing, and D-Wave in particular, as the company provides distinctive exposure to what could be a transformative leap in technology. That said, the stock currently trades at a premium and carries considerable risk. QBTS Makes Progress as Competition Heats Up As the world's first commercial quantum computer manufacturer, D-Wave has demonstrated quantum computational supremacy in solving real-world problems, thereby distinguishing its practical applications from purely theoretical approaches in quantum computing. The company spent over two decades developing both 'annealing' and 'gate-model' systems that leverage quantum mechanics to try and solve problems in fundamentally different ways than traditional computers. D-Wave's annealing quantum technology is gaining commercial traction, with companies reporting productivity improvements from implementation. Recent successes include a memorandum of understanding (MOU) with South Korea's Yonsei University and Incheon Metropolitan City, positioning D-Wave within South Korea's national quantum initiatives. The company has also completed a recent transaction with Julich. These have strengthened D-Wave's revenue trajectory, show support for its Quantum Computing as a Service (QCaaS) business model, and help further establish the company's presence in key global markets. While D-Wave benefits from its first-mover advantage and commercial focus, the company faces intensifying competition as tech giants, with massive research budgets and established technology ecosystems, like IBM (IBM), Alphabet (GOOGL), and Microsoft (MSFT), race to make quantum computing a reality. D-Wave's Financial Performance Shows Promise Looking back to May, D-Wave published its first-quarter 2025 results, which exceeded expectations, with revenue of $15 million—a 500% increase from the same period last year—reflecting the company's first sale of its flagship Advantage system to a major research institution. The company's gross profit margin of 92% was impressive and suggests D-Wave has made significant progress toward building a genuinely scalable business model with strong pricing power. While the company beat earnings expectations with a loss of just $0.02 per share, versus the anticipated $0.05 loss, it's still burning through cash to fund growth, reflecting the reality that quantum computing remains primarily a research and development play. However, the company also recently took steps to shore up its balance sheet. After completing a $400 million equity raise in July, D-Wave now holds approximately $815 million in cash. This war chest provides crucial breathing room to invest in research, expand operations, and weather the inevitable ups and downs of an emerging market. An Expensive Ticket to This Volatile Ride D-Wave's valuation has reached all-time highs. The company trades at over 176x its trailing revenue and more than 23x its book value. To put that in perspective, its peers in the Information Technology sector trade at an average Price/Sales ratio of 3.26x and a Price/Book ratio of 3.64x. D-Wave's valuation implies investors believe the company will achieve massive scale soon. This creates a challenging situation for investors. Any disappointment in growth, competitive setbacks, or delays in the adoption of quantum technology could trigger a sharp decline in its share price. The recent 10%+ drop following reports of increased competition from IBM and Google demonstrates the stock's sensitivity to headline news. Furthermore, while most experts agree that quantum computing will eventually reach mainstream adoption, 'eventually' could mean anywhere from five years to twenty. The company will need to maintain its technological edge and continue growing revenue during what could be a long development/adoption period. Is QBTS a Good Stock to Buy? Wall Street analysts, as covered by TipRanks, currently rate QBTS as a Strong Buy based on the recent recommendations of seven analysts. Currently, QBTS' average stock price target of $17.33 is below the current market price, indicating that analysts expect QBTS stock to decline by ~6% over the next 12 months. More specifically, Cantor Fitzgerald recently initiated coverage with an Overweight rating and a $20 price target, while Benchmark Co. analyst David Williams reiterated a Buy rating with a $20 price target. Both firms recognize quantum computing as an emerging technology with substantial economic potential, despite being in early developmental stages. QBTS Must Face Risks to Achieve Quantum Dominance Quantum computing holds the potential to transform how we solve complex problems, and D-Wave is uniquely positioned to benefit from this shift. Its dual-technology approach provides flexibility that competitors lack, while its commercial focus has translated into actual revenue growth rather than just research papers. The recent cash infusion eliminates near-term financial risk and provides resources to accelerate development. However, the current stock price already incorporates significant optimism about D-Wave's future success. The extreme valuation multiples leave little room for disappointment, while intensifying competition creates ongoing execution risk. As an investor willing to accept potential substantial volatility in exchange for exposure to quantum computing, I believe a small position in QBTS merits strong consideration.
Yahoo
6 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
6 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
CNBC
16-07-2025
- Business
- CNBC
Cramer's Lightning Round: 'You can speculate with' CleanSpark
New Gold: "It's ok. I mean, why not buy Agnico Eagle? That's the one I really, really like. They're doing so well." D-Wave Quantum: "I want you to own this D-Wave." Bristol-Myers Squibb: "Never seen it this cheap. We're holding it. I did have high hopes central nervous system drug. It better work. If it doesn't work, we're going to get rid of it." CleanSpark: "You can speculate with it. As long as you understand that it's speculation and nothing more." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Bristol-Myers Squibb.
