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]

Core Insights - Quantum computing stocks have experienced a continuous surge over the past year [1] Industry Summary - The quantum computing sector is witnessing significant growth, indicating strong investor interest and potential market expansion [1]

Core Insights - SkyWater Technology and QuamCore have announced a multi-million-dollar collaboration to develop a superconducting fabrication process for QuamCore's SFQ digital controller chip, marking a significant step in quantum computing technology [1][2] - The partnership aims to enable scalable and energy-efficient control for a one-million-qubit superconducting quantum computer, addressing critical bottlenecks in wiring density, heat load, and latency [2][4] Company Overview - SkyWater Technology is the largest U.S.-owned pure-play semiconductor foundry, focusing on advanced manufacturing and supporting next-generation technologies under the CHIPS and Science Act initiatives [1][8] - QuamCore specializes in developing ultra-low-power control electronics for superconducting qubits, aiming to create fault-tolerant, million-qubit quantum systems [7] Technical Collaboration - The collaboration will leverage SkyWater's expertise in superconducting process integration and QuamCore's proprietary SFQ architecture, which operates at 10 mK, the same temperature as the qubits [3][4] - Joint milestones over the next 12–18 months include the fabrication of superconducting test vehicles and demonstration of wafer-scale SFQ control chips [5] Strategic Importance - This partnership enhances SkyWater's role as a quantum-ready U.S. manufacturing partner, facilitating the domestic development of advanced computing technologies [5][6] - The collaboration is expected to significantly reduce power consumption by up to nine orders of magnitude compared to conventional CMOS-based control electronics, making large-scale quantum systems more feasible [4][6]

Nov 6, 2025 7:05 AM Eastern Standard Time SkyWater Technology and QuamCore Announce Collaboration to Fabricate Digital Superconducting Controller for Scalable Quantum Computing Share BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the largest exclusively U.S.-based, pure-play semiconductor foundry, today announced a collaboration with QuamCore, a deep-tech startup pioneering a revolutionary superconducting quantum processor architecture. This collaboration includes a multi-million-d ...

Core Insights - Quantum computing stocks have significantly outperformed AI stocks over the past year, with D-Wave Quantum and Rigetti Computing seeing gains of 2,700% and 3,100% respectively, while Quantum Computing and IonQ increased by 1,100% and 250% [1][6][9] - The momentum behind quantum stocks is attributed to technological breakthroughs and increased visibility from major tech companies like Google and Microsoft [7][8] Quantum Stock Performance - Quantum stocks have shown dramatic increases compared to AI stocks, with Nvidia rising 206% and Super Micro Computer 212% in the year following the release of ChatGPT, which is significantly lower than the gains seen in quantum stocks [2][4] - The market capitalizations of leading quantum companies range from $2.5 billion to $18.5 billion, which are considerably smaller than Nvidia's $5 trillion market cap [9] Technological Developments - Major advancements in quantum technology, such as Google's Willow quantum chip, which can solve complex problems in minutes, have heightened interest and investment in the sector [7][8] - Despite achieving a fidelity of 99.99%, quantum computers still face challenges in reaching the necessary accuracy to outperform classical computers, with estimates suggesting a need for 99.9999% fidelity [12][11] Market Potential - The quantum computing market is projected to reach $97 billion by 2035 and nearly $200 billion by 2040, indicating significant future growth potential [13] - The Trump administration's interest in public-private partnerships for quantum computing has also contributed to the recent surge in stock prices, despite denials of specific investment plans [10]

Group 1 - Quantum Computing Inc. (QUBT) has established a foundry to process thin film niobate, which may have future applications in quantum technology and optical copackaging [1] - The involvement of Bram de Haas, who has 15 years of investment experience and over 5 years managing a Euro hedge fund, adds credibility to the company's strategic direction [1]

Core Insights - WISeKey and its subsidiary WISeSat.Space are collaborating with the Swiss Armed Forces to enhance Switzerland's sovereign space and cybersecurity infrastructure through secure satellite communication and post-quantum cryptographic technologies [1][3][4] Group 1: Partnership Development - The partnership with the Swiss Armed Forces, initiated in 2022, focuses on developing secure satellite-based communications, reconnaissance, and navigation systems to reduce reliance on foreign providers [3][5] - Joint research and development efforts have included testing small-satellite and secure communications capabilities, integrating SEALSQ's post-quantum semiconductors for enhanced security [4][6] Group 2: Security Enhancements - The collaboration aims to create a zero-trust orbital network that ensures end-to-end encryption for satellite communications, addressing vulnerabilities highlighted in recent reports [2][4] - The operational partnership supports the SAF's strategy for secure satellite-enabled mobile communications, reinforcing defense capabilities [5][6] Group 3: Technological Innovations - WISeSat.Space is focused on deploying a secure IoT satellite constellation, leveraging WISeKey's digital identity and SEALSQ's post-quantum secure semiconductors [7] - SEALSQ is developing post-quantum semiconductors designed to protect sensitive data across various applications, ensuring resilience against quantum computing threats [8][9]

Core Insights - Infleqtion's 12-month sales through the first half of 2025 surpassed those of D-Wave Quantum, Rigetti Computing, and Quantum Computing Inc, indicating strong market performance [1][9] - The company plans to go public via a reverse merger with Churchill Capital Corp X, expecting to receive over $540 million in gross proceeds and a valuation of $1.8 billion [8][10] - Infleqtion is positioned as a leader in neutral atom-based quantum technology, which is distinct from the technologies used by other publicly traded quantum companies [6][7] Company Overview - Infleqtion, founded in 2007 as ColdQuanta, has over 230 issued and pending patents and is led by Chief Science Officer Dana Anderson and CEO Matthew Kinsella [8][10] - The company has commercial sales, having sold three quantum computers and hundreds of quantum sensors, with a revenue of approximately $29 million as of June 30 [9][14][10] - Infleqtion's product portfolio includes quantum computers and various quantum sensors optimized with proprietary software, which have real-world applications [11][17] Financial Performance - Infleqtion has about $50 million in booked and awarded business, with a $300 million-plus identified pipeline of potential customers [14] - The company had $88 million in cash on hand at the end of the first half of 2025, with a cash burn of $33 million for the trailing 12 months, indicating a stable liquidity position for a startup [15] - Revenue from quantum sensing products is expected to support the growth of its quantum platform and reduce the need for new segment investments [16][17]

Core Insights - Quantum computing technology is expected to take decades to become mainstream, but companies like D-Wave Quantum are experiencing significant stock price increases, with shares up nearly 3,100% over the past year [1][2] - Analysts predict that the quantum computing industry could generate nearly $100 billion in revenue by 2035, implying a compound annual growth rate (CAGR) of approximately 63% from current sales of around $750 million [3] - D-Wave Quantum's recent business performance shows a 42% year-over-year revenue growth to $3.1 million, driven by sales of quantum annealing devices, although operating losses increased by 41% to $26.5 million [8][10] Company Performance - D-Wave Quantum has signed a 10 million euro agreement with Swiss Quantum Technology to deploy its Advantage2 annealing machines in Europe, indicating a strategic move to enhance computational power [9] - The company has $819.3 million in cash and cash equivalents, allowing it to sustain operations for several more quarters while it continues to invest heavily in research and development [12] - Despite the potential for long-term success, D-Wave's current valuation reflects high expectations, with a price-to-sales (P/S) multiple of 336 compared to the S&P 500 average of 3.45 [13] Industry Trends - Major tech companies like Microsoft, Alphabet, and IBM are increasingly investing in quantum computing, with significant advancements expected by 2030 [5][6] - The overall market sentiment towards quantum computing is optimistic, but the technology has historically been perceived as being "just around the corner" without guaranteed breakthroughs [2]

Core Viewpoint - Quantum Corporation is under investigation for potential claims related to a federal securities class action, with a deadline for investors to seek lead plaintiff status set for November 3, 2025 [1] Group 1 - Faruqi & Faruqi, LLP, a prominent national securities law firm, is leading the investigation into Quantum Corporation [1] - The investigation is focused on potential claims against Quantum Corporation, which trades on NASDAQ under the ticker QMCO [1]