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D-Wave Quantum Stock Jumps on "Quantum Supremacy" News
MarketBeat· 2025-03-14 12:25
Core Insights - D-Wave Quantum Inc. reported mixed results in its fourth-quarter 2024 earnings, with revenue of $2.3 million exceeding expectations of $2.2 million, but earnings per share of negative eight cents fell short of the anticipated negative six cents [1] - The stock surged over 18% following the announcement of achieving "quantum supremacy" with its Advantage2 system, which solved a complex problem in 20 minutes, a task that would take a supercomputer nearly one million years [2][3] - D-Wave projected $10 million in revenue for the current quarter, nearly four times the previous quarter's revenue, and reported record bookings of $23.9 million for the full year, a 128% increase from $13.4 million in 2023 [4][5] Financial Performance - The company reported a consolidated cash balance of over $300 million [6] - D-Wave's stock has seen a significant increase of over 160% in the last 12 months, with most gains occurring since November 2024 [9] - Despite the positive revenue projections and stock performance, D-Wave is not currently profitable and is not expected to be for some time, raising concerns among investors [10] Market Dynamics - The announcement of quantum supremacy led to a temporary surge in other quantum computing stocks, such as Rigetti Computing and IonQ, although these gains diminished as investor appetite for technology stocks waned [3] - The stock's rise was also influenced by a 21% short interest prior to earnings, with a 23% increase in short positions in the 30 days leading up to the earnings report, potentially setting the stage for a short squeeze [6][7] - Analysts currently rate D-Wave Quantum as a Buy, but some top-rated analysts suggest there are better investment opportunities available [12]
Levi & Korsinsky Reminds Quantum Computing Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 28, 2025 – QUBT
GlobeNewswire News Room· 2025-03-13 17:00
NEW YORK, March 13, 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 ...
Rigetti's Quantum Gamble Enters Critical Phase
Seeking Alpha· 2025-03-13 13:30
My last hold call on Rigetti Computing (NASDAQ: RGTI ) was a decent call. I was cautious about the stock, and it is since down 33% against the market’s -7% return.Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment ...
Quantum Computing Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - QUBT
Prnewswire· 2025-03-13 09:45
NEW YORK, March 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT).Shareholders who purchased shares of QUBT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/quantum-computing-inc-loss-submission-form/?id=135495&from=4CLASS PERIOD: March 3 ...
Quantum Computing Inc. Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Securities Fraud Class Action Filed Against QUBT
GlobeNewswire News Room· 2025-03-12 21:43
Core Viewpoint - A class action lawsuit has been filed against Quantum Computing Inc. (QUBT) for allegedly misleading investors regarding its technology capabilities and business dealings, particularly with NASA and related party transactions [1][2][3]. Group 1: Allegations Against Quantum Computing Inc. - The lawsuit claims that QCI overstated its quantum computing technologies, products, and services [2]. - It is alleged that QCI misrepresented its relationship with NASA, including the nature and scope of contracts [2]. - The complaint states that QCI exaggerated its progress in developing a TFLN foundry and the scale of its operations [2]. - QCI's business dealings with Quad M and millionways are characterized as undisclosed related party transactions [2]. - The lawsuit suggests that QCI's revenues were partially dependent on these undisclosed transactions, which could negatively impact the company's reputation and business once revealed [2]. Group 2: Impact of Allegations - Following the publication of a report by Capybara Research on January 16, 2025, which accused QCI of fabricating revenues and overstating ties to NASA, QCI's stock price dropped by $1.72, or 14.89%, closing at $9.83 per share on January 17, 2025 [3]. - The report also claimed that QCI had not purchased the land for its TFLN foundry, contradicting previous statements made by the company [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by April 28, 2025, to serve as lead plaintiffs [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4]. Group 4: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [5].
MicroCloud Hologram Inc. Researches a Continuous Control Modulation-Based Two-Qubit (Two Quantum Bits) Dephasing Noise Spectral Protocol
Prnewswire· 2025-03-12 14:00
SHENZHEN, China, March 12, 2025 /PRNewswire/ -- MicroCloud Hologram Inc. (NASDAQ: HOLO), ("HOLO" or the "Company"), a technology service provider, they proposed a two-qubit dephasing noise spectral protocol based on continuous control modulation, specifically adopting effective noise suppression and quantum state protection strategies, providing a breakthrough solution to this dilemma.The core innovation of this protocol lies in the clever integration of two important technical approaches. On one hand, the ...
BTQ Technologies Announces Appointment of Dr. Gavin Brennen as Chief Quantum Officer
Prnewswire· 2025-03-12 11:30
VANCOUVER, BC, March 12, 2025 /PRNewswire/ - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-critical networks, is pleased to announce the appointment of Dr. Gavin Brennen as Chief Quantum Officer (CQO). Dr. Brennen, who has already been serving as Quantum Information Advisor and Director of BTQ Australia, will now also drive the company's global technological roadmap and strategy.Dr. Brennen is a Professor of P ...
Quantum Computing Inc. Class Action: Levi & Korsinsky Reminds Quantum Computing Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 28, 2025 - QUBT
Prnewswire· 2025-03-12 09:45
NEW YORK, March 12, 2025 /PRNewswire/ -- 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.com/pslr ...
Quantum Computing Inc. To Attend 37th Annual ROTH Conference
Prnewswire· 2025-03-11 18:30
Core Insights - Quantum Computing Inc. (QCi) is participating in the 37th Annual ROTH Conference from March 16-18, 2025, in Dana Point, California, with CEO Dr. William McGann and CFO Chris Boehmler available for one-on-one meetings [1] Company Overview - Quantum Computing Inc. is an innovative company focused on integrated photonics and quantum optics technology, providing accessible and affordable quantum machines [3] - The company's products are designed to operate at room temperature and low power, making them cost-effective [3] - QCi's technology portfolio includes capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [3]
Quantum-Si: A Rose, By Any Other Name, Wouldn't Smell As Sweet
Seeking Alpha· 2025-03-11 04:24
Group 1 - Quantum-Si (NASDAQ: QSI) aims to introduce a scalable and cost-effective protein sequencing system, presenting a significant opportunity despite the challenges in protein sequencing [1] - Richard Durant leads Narweena, an asset manager focused on identifying market dislocations due to misunderstandings of long-term business prospects, targeting businesses with secular growth opportunities in markets with entry barriers [1] - Narweena's investment strategy emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and a long-term investment horizon, particularly favoring deeply undervalued small-cap stocks [1] Group 2 - The aging population, low population growth, and stagnating productivity growth are expected to create a different set of investment opportunities compared to the past, with some industries facing stagnation or secular decline [1] - A trend towards asset-light businesses is emerging, leading to a declining need for infrastructure investments, which is resulting in a large pool of capital chasing limited investment opportunities, driving up asset prices and compressing risk premia [1] - Richard Durant holds undergraduate degrees in engineering and finance and an MBA, and has passed the CFA exams, indicating a strong educational background in finance and investment [1]