Core Insights - Quantum computing is poised to revolutionize computing power by utilizing qubits, which can exist in multiple states simultaneously, potentially solving problems that would take traditional computers millions of years [1] - Companies like Rigetti Computing and D-Wave Quantum are early movers in the quantum computing space, with significant stock price increases and unique business models that warrant attention from investors [2][3] Rigetti Computing - Rigetti Computing has seen a remarkable 156% increase in stock price this year, attributed to its pick-and-shovel business model and vertical integration efforts [3] - The company focuses on providing the infrastructure necessary for quantum computing rather than generating revenue directly from the technology, similar to Nvidia's role in the AI industry [4] - Rigetti manufactures its own chips at its facility in Fremont, California, which enhances control over its supply chain and reduces reliance on foreign partners [6] - The company has received government support, including an $8.6 million grant from DARPA in 2020, highlighting its strategic importance [7] D-Wave Quantum - D-Wave Quantum has experienced explosive growth, with a 293% year-to-date gain and a staggering 3,200% increase over the past 12 months [8] - Unlike Rigetti, D-Wave focuses on quantum annealing technology, which is designed for optimization tasks, making it suitable for applications in logistics and generative AI [9] - D-Wave has begun commercializing its technology, with second-quarter revenue increasing by 42% year-over-year to $3.1 million, although it still faces significant operating losses of $26.5 million [10] Investment Considerations - While both Rigetti and D-Wave present attractive investment opportunities, the commercial viability of quantum computing technology may still be years away, and both companies are incurring substantial research costs [11] - The price-to-sales multiples for Rigetti and D-Wave are extremely high at 1,110 and 335, respectively, indicating that their shares may be overvalued given the long-term challenges they face [12]

Key TakeawaysThe median age of a first-time homebuyer in the U.S. has surged to a record 40 years old, up from 31 a decade ago, signaling a deepening housing affordability crisis that delays wealth building for an entire generation.Quantum computing stocks have dramatically outperformed AI, with some soaring over 1,900% in the last 12 months, despite these companies being years away from significant revenue generation, highlighting a speculative market trend.Russia is actively preparing proposals for potent ...

Core Insights - The Trump administration prioritizes quantum computing development, with companies like Rigetti Computing Inc and D-Wave Quantum Inc leading the charge despite limited real-world applications and significant cash burn [1][7] - Quantum computing stocks have surged over 1,900% in the past year, outperforming traditional AI stocks, and now boast market capitalizations exceeding $10 billion, despite generating less than 1% of the revenue of established companies [2][3] Company Performance - Rigetti and D-Wave are currently not expected to generate significant revenue for years, yet they remain highly attractive to investors [1][2] - The companies are considered among the best performers in the stock market, significantly outpacing returns from popular AI companies like Palantir Technologies Inc [2] Market Sentiment - The quantum computing sector is characterized by speculative investments, with strong opinions on both sides regarding its future potential [3][4] - Optimists believe breakthroughs in quantum computing could lead to transformative applications, while skeptics warn of a potential bubble driven by unrealistic expectations [4][6] Investment Comparisons - The investment landscape for quantum computing is likened to biotechnology, where investors are willing to endure long wait times for potential breakthroughs, although quantum technology remains largely theoretical [6] - Nvidia's CEO has suggested that significant advancements in quantum computing may be decades away, highlighting the uncertainty in the timeline for practical applications [7] Funding and Valuation - Recent funding rounds, such as Fidelity International's investment in Quantinuum, have valued the startup at $10 billion, indicating strong investor interest in the quantum computing space [7]

量子计算正成为投资者关注的新焦点，但这一新兴技术的商业化进程仍面临重大挑战。尽管最近取得了技术突破，且有消息称美国政府考虑入股 相关企业，但业内人士警告称，在量子计算真正成熟之前，投资者面临的风险远大于潜在回报。 谷歌近期宣布其量子芯片在特定计算中的速度是普通计算机的13000倍，这一突破展示了量子计算的潜力。此前媒体报道，特朗普政府正考虑收购 IonQ和D-Wave Quantum等公司的股份，尽管政府对此否认，这些消息仍推动量子计算概念股大幅上涨。过去一年，D-Wave Quantum飙升1811%。 然而，这一行业仍处于发展初期。目前最先进的量子计算机在大多数应用场景中仍无法超越传统计算机，主要瓶颈在于电子"大脑"规模不够大， 无法可靠地修复计算错误。美国银行分析师Wamsi Mohan指出，可扩展性是未来五年至十年的关键问题。 技术瓶颈尚需时日突破 当前量子计算机性能不稳定的根本原因在于量子比特（qubit）数量不足且错误率高。与传统计算机使用只能是0或1的比特不同，量子计算机则利 用所谓的量子比特的量子力学特性，使之可以同时具有0和1的两种状态。这使得能够同时处理更多可能性，从而解决传统计算机需要近 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ and ____________ Commission file number 001-41468 D-WAVE QUANTUM INC. (Exact name of registrant as specified in its charter) ________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

24/7 Wall Street Quick Read D-Wave Quantum (QBTS) reported revenue doubled year over year while cash reserves surged over 2,700% to $836M, driven largely by warrant exercises. D-Wave posted a $140.8M net loss in Q3, more than six times last year’s loss, with $121.9M from non-cash warrant liability charges. Despite $836M in cash, management indicated plans for only modest R&D investments, signaling cautious operational acceleration despite strong capital inflow. Some investors get rich while others ...

Key Takeaways D-Wave Quantum reported a Q3 net loss of 41 cents per share, missing consensus estimates.QBTS' revenues rose 100% year over year to $3.74 million, surpassing expectations by nearly 20%.QBTS gross margin jumped 1560 bps as bookings and customer engagements continued to expand.D-Wave Quantum Inc. (QBTS) reported a third-quarter 2025 net loss of 41 cents per share compared to the Zacks Consensus Estimate of a loss of 7 cents. The figure compares unfavorably with the year-ago period’s loss of 11 c ...

Core Insights - D-Wave Quantum (NASDAQ: QBTS) reported a revenue beat, leading to a share price increase of up to 9.4% in early trading [1] - However, the stock experienced a pullback, resulting in a loss of 3.45% by mid-morning [1] Company Performance - The revenue performance exceeded market expectations, indicating strong operational results for D-Wave Quantum [1] - The initial positive market reaction reflects investor confidence in the company's growth potential [1] Market Reaction - The stock's volatility highlights the sensitivity of investor sentiment to earnings reports and market conditions [1] - The significant early gain followed by a pullback suggests a cautious approach among investors despite the revenue beat [1]

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -485.71%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.55, delivering a surprise of -816.67%.Over the last four quarters, the company ha ...

D-Wave Quantum (NYSE:QBTS) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Company ParticipantsAlan Baratz - CEOJohn Markovich - CFOKevin Hunt - Senior Director of Investor RelationsConference Call ParticipantsCraig Ellis - AnalystHarsh Kumar - AnalystTroy Jensen - AnalystDavid Williams - AnalystTyler Ron - AnalystQuinn Bolton - AnalystJohn McPeak - AnalystKingsley Crane - AnalystSuji Desilva - AnalystOperatorGood day and welcome to the D-Wave Q3 2025 Earnings Call. All participants will be in a listen- ...