Rigetti, in collaboration with Riverlane and the National Quantum Computing Centre (NQCC), has been selected as one of the winners of Innovate UK's Quantum Missions pilot competition. Leveraging Rigetti's quantum computer hosted at the NQCC, the £3.5 million Rigetti-led consortium aims to benchmark and enhance the quantum error correction capabilities of superconducting quantum computers — a requirement for achieving large-scale fault-tolerant quantum computing. "Our NQCC testbed continues to serve as a cri ...

Market Overview - The market experienced a significant sell-off, with a decline of over 3% driven by macroeconomic factors, particularly tariffs impacting investor sentiment [3][4] - The U.S. dollar index fell by 1% and is down approximately 10% for the year, reducing U.S. consumers' purchasing power globally [3] - Rising yields in the U.S. are increasing borrowing costs for companies and the government, contributing to economic headwinds [4] Impact on Tech Stocks - Tech stocks, especially speculative ones, were among the hardest hit, with Digital Turbine down 6.4%, Quantum Computing down 8.4%, and CoreWeave down 9.6% [2] - The decline in these stocks is attributed to their high beta, indicating increased volatility during market downturns, and their lack of profitability, which raises concerns about future losses and funding challenges [5][7] Investor Sentiment - Investors are currently averse to uncertainty, particularly regarding companies lacking solid financial foundations [7] - The market is grappling with the implications of tariffs on consumer spending and higher borrowing costs on corporate expansion plans, leading to a cautious outlook for the economy [8] Future Outlook - The appetite for risk in unprofitable companies has diminished, suggesting a challenging environment for these stocks unless they can generate revenue and achieve profitability [9] - There are opportunities for investment in high-quality companies that can leverage market declines for acquisitions or buybacks [9]

Core Viewpoint - Quantum Computing Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed related party transactions during the Class Period from March 30, 2020, to January 15, 2025 [1][2] Allegations of Misconduct - The lawsuit claims that Quantum Computing exaggerated the capabilities of its quantum technologies, overstated its relationship with NASA, and misrepresented customer demand for its products [2] - It is alleged that the company had undisclosed related party transactions that inflated reported revenue [2] - Reports from Iceberg Research and Capybara Research accused Quantum Computing of misleading investors and fabricating revenue, leading to significant stock price drops of nearly 6% and 15% respectively [3][4] Legal Actions and Investor Rights - Investors have until April 28, 2025, to file a lead plaintiff motion in the class action lawsuit [1] - The Portnoy Law Firm is offering complimentary case evaluations for affected investors to discuss their legal rights and options for recovering losses [2][5]

D-Wave Quantum TodayQBTSD-Wave Quantum$6.38 -0.06 (-0.85%) 52-Week Range$0.75▼$11.95Price Target$8.42Add to WatchlistD-Wave Quantum Inc. NYSE: QBTS is one of a handful of quantum computing firms—including rival Rigetti Computing Inc. NASDAQ: RGTI—to have dipped further after early-April tariff-related shockwaves sent markets reeling. D-Wave shares rose dramatically in mid-March on good news about the company's technological achievements, but they fell shortly after and remain down about 33% year-to-date (Y ...

Dublin, April 21, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Post-Quantum Cryptography Market: Focus on Application, Product, and Country - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.The Asia-Pacific post-quantum cryptography market was valued at $111.1 million in 2024 and is expected to grow at a CAGR of 43.41%, reaching $4.08 billion by 2034. The post-quantum cryptography (PQC) market in Asia-Pacific is expanding rapidly as governments and businesses get ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT) regarding a class action lawsuit alleging that the company made materially false and misleading statements about its technologies, relationships, and business dealings [1][2]. Group 1: Allegations Against Quantum Computing Inc. - The complaint alleges that QCI overstated the capabilities of its quantum computing technologies, products, and services [1]. - It is claimed that QCI exaggerated the nature and scope of its relationship with NASA, including contracts and subcontracts [1]. - The company allegedly overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its purported TFLN foundry [1]. - QCI's business dealings with Quad M and millionways are said to qualify as related party transactions, which were not disclosed [1]. - The revenues of QCI were reportedly reliant, at least in part, on undisclosed related party transactions [1]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [1]. - The public statements made by the defendants were materially false and misleading at all relevant times [1]. Group 2: Class Action Details - Shareholders who purchased QUBT shares during the class period from March 30, 2020, to January 15, 2025, are encouraged to register for the class action [1][2]. - The deadline for shareholders to seek lead plaintiff status is April 28, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that led to artificial inflation of stock prices [3].

Core Insights - Quantum computing is gaining significant attention on Wall Street, with companies like IonQ and Rigetti Computing experiencing substantial stock price increases of 600% and 1,100% respectively since 2023, although they may face challenges in the long term [1][2] - Microsoft is positioned as a leading player in the quantum computing space, leveraging its established cloud infrastructure and technological expertise to capture market opportunities [2][9] Industry Overview - Quantum computing represents a transformative technology that could outperform current supercomputers by utilizing qubits, which can represent multiple states simultaneously, leading to vastly superior computing capabilities [3] - The market for quantum computing is projected to grow significantly, with estimates suggesting annual revenues could reach between $1 billion to $2 billion by 2030, potentially exploding to $90 billion to $170 billion by 2040 [6] Company Analysis - Microsoft has developed advanced quantum technologies, including the Majorana 1 quantum chip, and is recognized for its strong track record in AI and cloud computing, providing a competitive edge in the quantum space [4][10] - In contrast, IonQ and Rigetti Computing, with market caps of $5.6 billion and $2.5 billion respectively, generated under $54 million in revenue last year, indicating uncertainty regarding their future profitability and growth potential [11] Market Dynamics - The cloud computing sector, dominated by Microsoft, Amazon, and Alphabet, is expected to be the primary avenue for quantum computing applications, potentially limiting the market for standalone quantum systems from smaller companies [7][8] - The competitive landscape suggests that while speculative investments in smaller firms may be appealing, established companies like Microsoft may offer a more stable investment opportunity in the long run [9][12]

Corporate Updates - Quantum BioPharma Ltd. announced the grant of 60,000 restricted share units (RSUs) under its equity incentive plan, which are subject to vesting criteria and a hold period of four months and one day [2] - The board of directors approved the settlement of outstanding debt by issuing Class B Shares at a deemed price of US$6.75 per share, also subject to a four-month and one-day hold period [3] Company Overview - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders, as well as alcohol misuse disorders, with drug candidates at various development stages [1][4] - The company’s lead compound, Lucid-MS, is a patented new chemical entity aimed at preventing and reversing myelin degradation, a key factor in multiple sclerosis, demonstrated in preclinical models [4] - Quantum BioPharma retains a 25.71% ownership stake in Celly Nutrition Corp., which markets the product UNBUZZD™, and is entitled to 7% royalty payments on sales until reaching $250 million, after which the royalty rate will drop to 3% indefinitely [4]

NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Quantum Computing Inc. ("Quantum Computing Inc." or the "Company") (NASDAQ: QUBT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Quantum Computing Inc. investors who were adversely affected by alleged securities fraud between March 30, 2020 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.co ...

Core Viewpoint - A class action securities lawsuit has been filed against Quantum Computing Inc. (NASDAQ: QUBT) for alleged securities fraud affecting investors between March 30, 2020, and January 15, 2025 [1][2]. Case Details - The lawsuit alleges that defendants made false statements regarding QCI's quantum computing technologies, overstating their capabilities and the nature of their relationship with NASA [2]. - It is claimed that QCI overstated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [2]. - The complaint also indicates that QCI's business dealings with Quad M and millionways were related party transactions, which were not disclosed, impacting the company's revenue [2]. - The revelations from the lawsuit are expected to have a significant negative impact on QCI's business and reputation, as the public statements made by the defendants were materially false and misleading [2]. Next Steps - Investors who suffered losses in Quantum Computing Inc. during the specified timeframe have until April 28, 2025, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [4].