Core Viewpoint - D-Wave Quantum Inc. has experienced significant stock volatility, with a 300% increase over the past year but a 6% decline in early 2026, raising questions about its future performance [1]. Financial Performance - D-Wave reported a 100% revenue growth in the third quarter and a year-to-date revenue increase of 235% compared to 2024 [3]. - The company achieved its highest cash balance of $836 million, providing a strong financial foundation [3]. - Current market capitalization stands at $8.9 billion, with a gross margin of 82.82% [2]. Business Development - The formation of a governmental business unit aims to secure contracts with government agencies, potentially enhancing D-Wave's competitive position [4]. - D-Wave's technology is applicable in various sectors, including pharmaceutical development, manufacturing, and retail, indicating a diversified commercial strategy [5]. - The acquisition of Quantum Circuits for $550 million is expected to advance D-Wave's capabilities in delivering commercially viable gate-model quantum computers [6]. Market Position and Competition - D-Wave is recognized as a significant player in the quantum computing industry, competing with larger companies like IBM, Google, and Microsoft, while holding a first-mover advantage in annealing quantum computing [8]. - The quantum computing market is still in its early stages, with widespread adoption expected to take several years [7][9].

Key Takeaways RGTI is integrating its quantum systems into hybrid AI environments, including support for NVIDIA's NVQLink.RGTI expanded academic and government ties with MSU and India's C-DAC to boost R&D and talent.RGTI targets 150 qubits by late 2026 and 1,000 qubits by 2027.Rigetti Computing (RGTI) is steadily carving out a differentiated position by tying its quantum hardware more closely to AI supercomputing and public-sector research ecosystems. Rather than building in isolation, the company is pluggi ...

Call volume is already running at double what's typically seen at this pointIonQ Inc (NYSE:IONQ) shares are up 6% to trade at $50.08 at last glance, after the quantum computing giant announced it will acquire semiconductor maker SkyWater Technology (SKYT) in a deal valued at $1.8 billion.The equity has struggled with a ceiling at the $55 level, which capped rallies in December and earlier this month, with added pressure stemming from the 100-day moving average. Though shares are now far removed from an Oct. ...

Key Takeaways QMCO certified DIVA with ActiveScale object storage to support long-term media archiving.QMCO expects about $67M in Q3 revenue as backlog tops $25M, reflecting strong sales momentum.Quantum strengthened financial flexibility by converting $52M debt and cutting total debt by $140M.The media industry is experiencing a surge in content creation. As content libraries expand into the petabyte range, the challenge is no longer just about storing data but about preserving valuable media securely, sus ...

Core Insights - D-Wave Quantum's stock experienced a significant gain of 211.4% in 2025, although this was a decline from the 854% increase seen in 2024 [1][2] - The company reported strong first-quarter 2025 financial results, with sales of $15 million and positive EPS of $0.02, surpassing analysts' expectations [6] - Analysts have raised their price targets for D-Wave Quantum stock, indicating a bullish outlook for the company's future performance [6] Financial Performance - D-Wave Quantum's shares rose 211.4% in 2025, reflecting a strong recovery from a 17% decline at the beginning of the year [2][3] - The company reported first-quarter revenue of $15 million, exceeding the expected $10.5 million, and achieved a positive EPS of $0.02, compared to the anticipated negative EPS of $0.04 [6] - The market capitalization of D-Wave Quantum is currently $9.0 billion, with a gross margin of 82.82% [4][5] Analyst Outlook - B. Riley raised its price target for D-Wave Quantum stock from $22 to $33, suggesting a potential upside of about 23% [6] - Roth Capital provided an even more optimistic forecast, increasing its price target from $20 to $50 [6] - Analysts are optimistic about the company's future, particularly if it continues to secure commercial agreements that enhance its financial position [8] Strategic Developments - D-Wave Quantum announced the formation of a new unit to explore business opportunities with the U.S. government, which contributed to a rise in stock prices [7] - The company is positioned to benefit from government initiatives aimed at advancing the quantum computing industry, particularly in response to competition from China [7] - Continued announcements of commercial agreements could drive further stock price increases in 2026 [8]

Core Viewpoint - Quantum Computing stock is expected to surprise investors and potentially trigger a short squeeze in 2026, despite its current struggles and underperformance compared to peers in the quantum computing sector [1][6]. Company Performance - Quantum Computing recorded its first revenue in 2022 at $136,000, but has struggled to exceed $1 million in annual revenues, with losses of approximately $68 million over the past year [4]. - The company has significant cash reserves of $555 million, which can sustain operations for the next 17 years at current cash burn rates [5]. Revenue Growth Projections - Revenue growth for Quantum Computing was 55% year-over-year through the first nine months of 2025, with expectations of reaching 100% growth once Q4 results are in [7]. - Projections for 2026 suggest sales could exceed 200%, reaching $2.8 million, and potentially quintuple to $15 million in 2027 [7]. Market Sentiment and Short Selling - Currently, 48.6 million of the company's 224.1 million shares are sold short, indicating a significant bearish sentiment among investors [9]. - If Quantum Computing meets its sales projections in Q4, it could lead to increased investor confidence and a potential short squeeze, driving the stock price higher [9].

Core Viewpoint - Quantum Computing (QCi) is experiencing significant stock price appreciation but presents serious investment risks due to its high valuation and share dilution issues [2][11]. Company Overview - QCi specializes in photonics technology for quantum computing, which operates at room temperature and requires low power, distinguishing it from other quantum systems [5]. - The company has a market capitalization of approximately $2.7 billion and has generated only $546,000 in revenue over the trailing 12 months, resulting in a price-to-sales (P/S) ratio exceeding 3,000 [3][8]. Financial Performance - QCi's stock has increased by 591% over the last three years, but the company has not yet achieved substantial revenue growth [2]. - The company has a robust balance sheet with over $1.5 billion in cash and investments, crucial for funding its high research and development costs [6]. Share Dilution - QCi has quadrupled its outstanding shares from about 60 million to 224 million over the past three years, raising concerns about share dilution for existing investors [7][9]. - The repeated issuance of new shares to raise capital has resulted in a significant reduction in the ownership stake for early investors [7]. Competitive Landscape - QCi faces fierce competition from other pure-play quantum computing companies such as D-Wave, IonQ, and Rigetti, as well as major tech firms like Alphabet, IBM, and Nvidia that are also investing in quantum technologies [10][11]. - The uncertainty regarding which quantum computing method will prevail adds to the investment risk associated with QCi [5][11].

Group 1: Rigetti Computing - Rigetti Computing's current market capitalization is $7.7 billion, with a current stock price of $23.45, reflecting a daily change of -6.05% [2][5] - The company reported $5.2 million in revenue for the first three quarters of 2025, which is a 39% decrease compared to the same period in 2024 [3][4] - Rigetti announced two sales in October 2025 that are expected to generate $5.7 million in revenue, but this revenue will not be recognized until the first half of 2026 [4][5] - Analysts predict that Rigetti will miss revenue forecasts of $7.6 million for Q4 2025 and will likely not achieve a reduction in net losses as expected [5] Group 2: D-Wave Quantum - D-Wave Quantum has a market capitalization of $9.0 billion and a current stock price of $25.63, with a daily change of -6.56% [6][10] - The company reported less than $22 million in revenue through the first three quarters of 2025, despite a more than three-fold increase in sales compared to previous years [7][8] - Analysts estimate that D-Wave will end 2025 with total revenue below $26 million and no profit, raising concerns about its high market capitalization [9][10] - The stock is viewed as driven more by hype than by substantial earnings, with expectations of profitability not forecasted before 2030 [10]

Core Viewpoint - SOLOWIN HOLDINGS (NASDAQ: AXG) has announced a strategic partnership with Quantum and Time Group (QTG) to focus on the tokenization of revenue rights from QTG's new energy projects in Malaysia, aiming to integrate green assets with digital finance and support the energy transition in the ASEAN region [1][2][4]. Company Overview - SOLOWIN HOLDINGS is a financial technology firm specializing in digital currency payments and asset tokenization, aiming to bridge traditional and decentralized finance [8]. - The company operates through its subsidiary AlloyX, which is involved in the partnership with QTG [1][8]. Partnership Details - The collaboration will leverage Malaysia's regulatory framework for asset tokenization to develop a benchmark project that combines green assets with digital finance [2][4]. - QTG is recognized for its ownership of tangible assets and stable cash flows, particularly in solar and green power projects, aligning with Malaysia's goal of achieving 70% renewable energy generation by 2050 [3][4]. Market Context - The partnership coincides with a growing focus on regulatory clarity in Malaysia's real-world asset market, aiming to transform sustainable green energy assets into compliant digital financial products [4]. - This initiative is expected to create a regulated pathway for global investors to engage in ASEAN's green economy, channeling sustainable capital into Malaysia's new energy projects [4]. Strategic Goals - The collaboration aims to enhance operational efficiency and investor trust through the use of smart contracts and on-chain transparency [3][4]. - The partnership is positioned as a significant step in exploring compliant structures for the digitalization of economic rights from renewable energy projects, with a focus on attracting long-term capital for energy transition [5].

Core Insights - The company has made significant advancements in quantum computing, which is gaining traction as a high-growth area alongside artificial intelligence [1][5] - Investors can choose between pure play quantum companies or established tech giants like Alphabet, depending on their investment strategy [2] - Alphabet is highlighted as a key player in quantum computing, offering both innovation and security for investors [5] Company Overview - Alphabet is widely recognized for its Google Search and Google Chrome, which are major revenue sources through advertising [6] - The company is also experiencing substantial growth in its Google Cloud segment [6] - Alphabet's revenue and profit are projected to remain in the billions annually, supported by its strong track record and long-term prospects [7] Quantum Computing Developments - Alphabet has developed a quantum chip named Willow, which addresses critical error challenges in quantum computing [9] - The Willow chip significantly reduces errors as quantum systems scale, marking a notable achievement in the field [9] - In late 2024, Alphabet demonstrated that its quantum hardware could outperform a supercomputer by running a verified algorithm [10] - Continued advancements in quantum computing may lead to new revenue streams for Alphabet, enhancing its overall business model [10]