Latest news with #D-WaveQuantumInc
Yahoo
2 days ago
- Business
- Yahoo
Stifel initiated coverage of D-Wave Quantum (QBTS) With a Buy Rating
D-Wave Quantum Inc. (NYSE:QBTS) is one of the . On August 5, Stifel initiated coverage of D-Wave Quantum Inc. (NYSE:QBTS) with a $26 price target and Buy rating. The firm noted D-Wave Quantum Inc. (NYSE:QBTS) to be one of the pioneering quantum computing companies and one of the first to deliver commercial quantum annealing systems. The firm also highlighted that the company has enough funding to reach profitability and expects the quantum market to reach $10 billion by the end of 2030. A modern computer datacenter, running an advanced quantum computer system. The firm believes that using base case assumptions, D-Wave Quantum Inc. (NYSE:QBTS) has the potential to capture at least 15% of this market value. Lastly, the firm also noted that the company has a strong commercial presence with paying customers, including a key system sale to Germany's Julich Supercomputing Centre, which positions it well to reap the early movers' benefit from the quantum industry. D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services. It also offers cloud access to its quantum computers and hybrid solvers through its Leap platform. While we acknowledge the potential of QBTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
D-Wave Quantum Launches AI Toolkit as Stock Surges 104% YTD Ahead of Second-Quarter Earnings
Just days before it holds its Q2 earnings call on Aug. 7, D-Wave Quantum Inc. (QBTS) has rolled out a new open-source toolkit that lets developers plug quantum computers into AI projects. It is part of the company's Ocean software suite and connects directly with PyTorch, a widely used tool for building machine learning models. The kit can train restricted Boltzmann machines, which are used in tasks like image generation, pattern spotting, and drug discovery. 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. This launch comes during a big year for QBTS shares. The stock is up more than 104% since January, driven by growing interest in quantum computing and hopes for wider use in real-world work. Why It Matters The goal is to make it simple for developers to try using D-Wave's quantum processors for AI work. Early tests look promising, too. Japan Tobacco (JAPAF) used the tech to speed up AI training for drug research. Also, the Jülich Supercomputing Centre boosted accuracy in predicting protein-DNA binding by mixing quantum computing with support vector machines. Lastly, TRIUMF, Canada's particle accelerator center, saw faster results in physics simulations that could help produce synthetic data for experiments. D-Wave's rally and technological progress haven't gone unnoticed by the Street's analysts. Analysts are optimistic. Four analysts have issued Buy ratings on QBTS stock in the past week. Among them is top analyst Ruben Roy from Stifel Nicolaus with a $26 price target and over 50% upside. He sees D-Wave as 'a pioneering quantum computing company' as well as the first to deliver commercial quantum annealing systems. Is QBTS a Good Stock to Buy? On the Street, D-Wave boasts a Strong Buy consensus rating. The average price target is $19.50, pointing to a 13.5% upside from the current price.
Business Wire
30-07-2025
- Business
- Business Wire
D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic Packaging
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, today announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment, and processes. By bolstering its manufacturing efforts with state-of-the-art technology, D-Wave aims to accelerate its cross-platform technology development efforts while maintaining and expanding fundamental components of its supply chain. As part of this initiative, D-Wave is leveraging deep expertise and processes at the NASA Jet Propulsion Laboratory ('JPL'), a research and development lab federally funded by NASA and managed by Caltech. Harnessing JPL's superconducting bump-bond process, D-Wave has demonstrated end-to-end superconducting interconnect between chips, work that D-Wave expects will serve as an important foundation for scaling both D-Wave's annealing architectures and its fluxonium-based gate-model architectures. D-Wave believes that superconducting bump bonds will be key to the scalable control of fluxonium and to interconnectivity in multichip quantum processor architectures. D-Wave is also acquiring equipment and developing processes with a goal to increase circuit densities in its pioneering superconducting printed-circuit-board ('PCB') manufacturing, required for both scaling to larger processors and supporting analog-digital quantum computing technology. 'Scaling both annealing and gate-model quantum computers requires high performance packaging,' said Dr. Trevor Lanting, chief development officer at D-Wave. 'We believe this strategic initiative will allow us to further extend our leadership position in quantum systems technology development and support our exciting and aggressive product roadmap on the path to 100,000 qubits.' Packaging quantum processors involves unique and demanding requirements, including: compatibility with ultra-low temperature operation, extremely low magnetic fields, and fully superconducting interconnects with no interruptions in superconductivity all the way from on-chip circuitry through to external control wiring. D-Wave's differentiated solution encompasses cryogenic compatible mechanical and electromagnetic design, regularly achieves lower qubit temperatures than most in the industry, and supports coherence times that meet the requirements for error-corrected gate-model quantum computing technology. 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 — feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 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.
Business Insider
23-07-2025
- Business
- Business Insider
Quantum Computing News: D-Wave (QBTS) Targets $5M ROI, BofA Sees Breakthrough Potential, JPM Overhauls Research Leadership
As we continue to monitor the weekly developments in quantum computing, the emerging technology continues to edge closer to commercial reality, and the past week brought more evidence to watch. This week's updates highlight rising enterprise interest, federal momentum, and renewed investor optimism in the sector. From D-Wave's survey showing new ROI signals to bipartisan engagement in Washington, the pace continues to accelerate. 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. D-Wave Quantum Inc. Survey Shows Growing Business Appetite D-Wave Quantum Inc. (QBTS) published results from a new study of 400 global business leaders showing 81% believe they've hit the limits of classical computing. 53% plan to integrate quantum optimization within two years, and 46% expect $1 million to $5 million in return on investment (ROI) within 12 months. Manufacturing, logistics, and planning were named as top use cases. While concerns remain over in-house expertise and demonstrating ROI, 85% of respondents said their company risks becoming less competitive without adopting quantum computing. Shares of QBTS rose by more than 10% in the last five days of trading. Bank of America Flags Quantum as 'Transformative,' but No Quantum Coverage for Now In a report on next-gen computing, Bank of America called quantum one of the most transformative technologies of the coming decade, with potential to reshape finance, cybersecurity, healthcare, and logistics. However, the firm has not initiated coverage on any quantum stocks, citing technical fragility and commercialization hurdles. The report noted that quantum computing could complement artificial intelligence to unlock trillions of dollars in untapped data value, especially in fields such as drug discovery and materials science. The bank expects practical milestones between 2030 and 2033. Congress Hears the Quantum Pitch at QED-C Showcase The Quantum Economic Development Consortium (QED-C) hosted its second Capitol Hill showcase, featuring 26 companies, including Alphabet's Google (GOOG), Microsoft (MSFT), D-Wave Quantum Inc., IonQ Inc. (IONQ), and Rigetti Computing Inc. (RGTI), which demonstrated real-world applications. Senior officials from the Department of Energy and National Science Foundation joined members of Congress in supporting expanded investment and reauthorization of the National Quantum Initiative. The event emphasized national security, industrial innovation, and the role of U.S. leadership in quantum technologies. JPMorgan Chase Reshuffles Quantum Research Leadership According to a CNBC report, JPMorgan Chase (JPM) has replaced the head of its Global Technology Applied Research (GTAR) group, which oversees quantum computing and other emerging technologies. Marco Pistoia, who joined the firm in 2020 and was a central figure in its quantum research efforts, has departed. He will be succeeded by Rob Otter, most recently the global head of digital and quantum technology at State Street. Otter previously led JPMorgan's blockchain unit, Onyx, and brings experience from Barclays, Credit Suisse, and Goldman Sachs (GS). The firm's GTAR group has explored quantum applications across secure communications, risk modeling, and optimization. JPMorgan is an investor in Quantinuum and has collaborated with IBM (IBM) and others on research initiatives. The leadership change may reflect a broader strategic refresh as the firm deepens its investments in next-gen computing. TipRanks users following stocks like IonQ, Rigetti Computing, and D-Wave Quantum Inc. may want to monitor policy developments, adoption trends, and enterprise signals, as these companies compete to commercialize their early-stage platforms. Using TipRanks' Comparison Tool, we've brought together some of the most prominent stocks in the quantum space to see how they stack up. It's a quick way for investors to get a clearer view of each company's position, and a better sense of where the industry is headed overall.
Business Wire
01-07-2025
- Business
- Business Wire
D-Wave Announces Successful Completion of $400 Million At-the-Market Equity Offering
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave' or the 'Company'), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has successfully completed sales of $400 million in gross proceeds of its common stock pursuant to its previously disclosed $400 million "at-the-market" equity offering program (the 'ATM Program'). The $400 million ATM Program, that commenced on June 11th and ended on June 27th, was completed at an average price per share of $15.18. This average price represents a $9.08 or 149% premium to the $6.10 average price per share of the most recent $150M ATM Program that was completed in January of this year. The proceeds from this offering bring the Company's current cash balance to approximately $815 million. The Company intends to use the proceeds from this financing primarily for strategic acquisitions and general corporate purposes including additional working capital and capital expenditures. 'With what we believe to be the strongest balance sheet of any public, independent quantum computing company, we intend to invest in acquisitions and programs that will enable us to expand our already significant lead as the only commercial quantum computing company with applications in production,' said Dr. Alan Baratz, CEO of D-Wave. 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.
