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Core Insights - D-Wave Quantum (QBTS) reported a decline in bookings for Q4 2025, totaling $13.4 million, a 27% decrease year-over-year, but a significant sequential increase of 471% from $2.4 million in Q3 2025, marking the second-highest quarterly bookings in the company's history [1][8] Group 1: Financial Performance - The quarter-over-quarter increase in bookings was primarily driven by a €10 million booking related to a multi-year commitment for an Advantage2 quantum computing system in Italy [2] - D-Wave has started fiscal 2026 strongly, with bookings already surpassing the company's historical annual total, including a $20 million agreement with Florida Atlantic University and a $10 million enterprise Quantum Compute as a Service (QCaaS) deal with a Fortune 100 company [3] - Management anticipates revenue growth to improve in the latter half of 2026 compared to the first half, with the €10 million booking recognized over a five-year period following installation [4][8] Group 2: Industry Context - IonQ (IONQ) achieved over $100 million in GAAP revenues in 2025, becoming the first public quantum company to do so, and received multiple ISO certifications, highlighting its commitment to quality and sustainability [5] - Rigetti Computing's subsidiary received an $8.4 million order for a 108-qubit quantum computer, showcasing advancements in quantum technology and the demand for high-performance systems [6] Group 3: Market Performance - Over the past year, QBTS shares have increased by 242.1%, significantly outperforming the industry average decline of 10% [7] - D-Wave is currently trading at a forward 12-month Price/Sales (P/S) ratio of 138.57X, which is considerably higher than the industry average, indicating a potential overvaluation [9]

Core Insights - Rigetti Computing (RGTI) is establishing itself as a significant player in scalable superconducting quantum computing, with a clear technology roadmap and expanding strategic partnerships [1][2] Group 1: Technology and Partnerships - The company is progressing from smaller systems to 100+ qubit machines with enhanced gate fidelity, aiming for larger, fault-tolerant quantum systems in the future [1] - Rigetti's collaboration with India's Centre for Development of Advanced Computing (C-DAC) focuses on developing hybrid quantum-classical systems for national research [2] - An alliance with Quanta Computer includes over $100 million in planned investments from both parties over five years, which will aid in manufacturing scale-up and commercialization [2] Group 2: Commercial Developments - Rigetti is transitioning from research to early customer deployments, indicating increased market traction [3] - In September 2025, the company reported purchase orders totaling approximately $5.7 million for two 9-qubit Novera systems [3] - Recently, Rigetti secured an $8.4 million order for a 108-qubit quantum computer for C-DAC's Bengaluru center, marking a significant advancement in higher-qubit system deployment [3] Group 3: Financial Performance - In the third quarter, Rigetti generated $1.9 million in revenues, supported by government-funded programs and collaborative research projects [4] - The company ended the quarter with $446.9 million in cash, equivalents, and short-term investments, with no debt, bolstered by a $350 million equity raise in 2025 [4] - Rigetti's shares have increased by 12.3% over the past six months, contrasting with a 21.6% decline in the industry [8] Group 4: Valuation and Earnings Estimates - Rigetti trades at a price-to-book ratio of 15.05, which is above the industry average [11] - The Zacks Consensus Estimate for Rigetti's 2026 earnings suggests a substantial 74.3% improvement compared to the previous year [13]

Core Insights - Quantum Computing Inc. (QUBT) reported a loss of 4 cents per share in Q4 2025, an improvement from a loss of 47 cents in the same period last year, aligning with Zacks Consensus Estimate [1] - Full-year 2025 net loss was 11 cents per share, compared to a loss of 73 cents in the previous year [1] Revenue Performance - Q4 revenues were $0.2 million, missing the Zacks Consensus Estimate by 41.8%, but showing significant growth from $0.06 million year-over-year [2] - Full-year 2025 revenues reached $0.68 million, up from $0.37 million year-over-year [2] - Despite a 219% increase in revenues, QUBT's shares fell 10% following the announcement due to concerns over continued losses [2] Margin Performance - The company reported a gross loss of $0.1 million in Q4, compared to a gross profit of $0.03 million in the same quarter last year [3] - Operating expenses surged to $22.1 million from $8.9 million in Q4 2024, with R&D expenses increasing by 47.2%, sales and marketing expenses by 124.7%, and general and administrative expenses by 282.3% [3] - Loss from operations in Q4 reached $22.2 million, compared to $8.9 million in the year-ago period [3] Financial Position - As of the end of Q4, QUBT had cash and cash equivalents of $737.9 million, a significant increase from $78.9 million in Q4 2024 [4] - Cumulative net cash used in operating activities was $30.3 million, up from $16.2 million year-over-year [4] Capital Raising - QUBT raised $750 million through a private placement of common stock during Q4 [5] Operational Highlights - The company launched Neurawave, its newest reservoir computer, and announced a strategic collaboration with POET Technologies to develop advanced computing engines [7] - Plans for a new manufacturing facility, Fab 2, are underway to support higher-volume production [7] Stock Performance - QUBT ended Q4 2025 with mixed results, as earnings met estimates while revenues fell short [6] - Revenue growth was primarily driven by hardware sales and services from the Fab 1 facility [6]

Could Bitcoin’s $1.4T network be cracked by quantum computing?In this article, we examine the real risk quantum computing poses to $BTC and the potential upgrades developers are exploring to keep the network secure.Read the full article 👇https://t.co/NO5AuRBHfo ...

Core Viewpoint - The recent downturn in Bitcoin is not attributed to Jane Street, as stated by Bitwise investment chief Matt Hougan, who emphasizes that the reality is more mundane than conspiracy theories suggest [1][2]. Group 1: Market Dynamics - Bitcoin's price has fallen as much as 52% from its record high of approximately $126,000 in October, with its most recent trading price around $69,000 [4]. - The decline began with a leverage wipeout on October 10, and various factors have been blamed, including potential market maker collapses and significant short positions by unknown hedge funds [5]. Group 2: Analyst Perspectives - Hougan attributes the selling pressure to a four-year cycle, concerns over quantum computing, and the need for liquidity to invest in AI startups, suggesting that the current phase is a "classic crypto winter" [3]. - Other analysts, such as Alex Krüger, have also dismissed the theory that Jane Street is responsible for the downturn, labeling it as a flawed conspiracy theory and noting that such sentiments are typical at market bottoms [4].

Group 1 - Sealsq Corp (NASDAQ:LAES) has shifted its strategy regarding Quobly, opting to acquire a minority stake instead of pursuing a full acquisition, participating in Quobly's Series A financing round [1] - The company has also made a strategic investment in EeroQ, a US-based quantum chip startup, adding to its previous investment made in December [2] - Sealsq plans to relocate its Geneva headquarters to the Pont-Rouge business district in August 2026, citing benefits such as low-carbon infrastructure and exceptional connectivity [3] Group 2 - Sealsq Corp specializes in post-quantum computing hardware and software solutions, focusing on the development of post-quantum semiconductors for sensitive data protection [4] - The company targets various application areas including defense, health systems, automotive, and smart energy [4] - For Q1 2026, Sealsq projects revenue growth between 50% and 100% year-over-year [3]

Core Viewpoint - ZenaTech, Inc. is advancing its participation in the U.S. defense ecosystem by focusing on drone technology and aligning with national security priorities, particularly through discussions with Congress regarding domestic drone manufacturing and innovation [1][2][4]. Group 1: Company Initiatives - ZenaTech's U.S. subsidiary, ZenaDrone, will meet with key Congressional members to discuss the company's drone innovations and manufacturing plans in the U.S. [2] - The company is developing the ZenaDrone 1000 heavy-lift autonomous drone and IQ series platforms to meet Blue UAS requirements, which include secure communication architecture and cybersecurity safeguards [5][6]. - ZenaTech's manufacturing facility in Taiwan will ensure that NDAA-approved components come from allied nations, while its Arizona facility will produce U.S.-made drone solutions for defense clients [5]. Group 2: Industry Context - The U.S. Congress is increasingly emphasizing investment in domestic drone technologies to reduce reliance on foreign systems and enhance national resilience [4]. - Autonomous systems are becoming a fundamental pillar of modern defense strategy, with drones expected to function as integrated protection systems, enhancing operational reach and situational awareness [7]. - The evolution of national defense relies on intelligent autonomous systems, with drones expected to play critical roles in various applications, including critical infrastructure inspection and logistics [6][7].

Core Insights - The article highlights three under-the-radar growth stocks in the AI sector that present significant investment opportunities for 2023 [1] Company Summaries 1. SoundHound AI - SoundHound AI reported a revenue increase of 59% in Q4 2025, leveraging audio recognition technology combined with generative AI [3] - The company is targeting sectors such as customer service, medical, insurance, and financial institutions, where its technology could replace or enhance customer service representatives [3] - Currently, SoundHound AI is down approximately 60% from its all-time high, presenting a potential buying opportunity for investors [5] 2. Nebius - Nebius is projected to have the fastest growth rate among the listed companies, with an annual run rate (ARR) expected to rise from $1.25 billion at the end of 2025 to between $7 billion and $9 billion by the end of 2026 [6] - The company operates in AI-focused cloud computing, providing data center space and cutting-edge computing equipment for clients developing AI applications [7] - Nebius's full-stack solution positions it well for continued growth as the demand for generative AI applications increases [7] 3. IonQ - IonQ experienced a remarkable revenue growth of 429% in Q4 2025, primarily driven by contracts and some product sales in the quantum computing space [8] - The company is focused on establishing the commercial viability of its quantum computing products, with a significant market opportunity projected to reach between $28 billion and $72 billion annually by 2035 [9] - IonQ is recognized for having the most accurate quantum computer currently available, making it a strong contender in the quantum computing market [9]

The internet has dramatically changed the world, and that change has occurred entirely in my lifetime. However, the dot-com bubble at the turn of the century should be a strong warning to investors, as newer, potentially more impactful technologies continue to emerge. This is why my quantum computing pick in 2026 is a bit on the boring side. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the crit ...