Industry Overview - Quantum computing is entering a significant phase as the industry shifts focus towards scalability, real-world applications, and national strategic priorities by 2026 [1] - Governments are increasing funding for quantum technology, recognizing its importance for national security and AI sovereignty, while enterprises are testing quantum tools for complex optimization problems [2] Company Insights IonQ (NYSE: IONQ) - IonQ is positioned with a strong growth profile, advancing high-fidelity trapped-ion systems beyond 64 qubits through its acquisition of Oxford Ionics [3] - The company's revenue is increasingly derived from direct enterprise and government contracts, with Q3 2025 revenue reported at $39.9 million, a 222% increase year-over-year, despite a $1.1 billion net loss due to aggressive investments [4] - IonQ raised its 2025 revenue forecast to $106 million–$110 million, maintaining an adjusted EBITDA loss midpoint of about $211 million, with shares trading at $46, up over 6% year-to-date [4] D-Wave Quantum (NYSE: QBTS) - D-Wave focuses on application-driven strategies, enhancing the complexity of optimization problems with its Advantage2 system, which supports existing customers using quantum tools [6] - The company's deeper integration into enterprise workflows is leading to recurring usage and higher switching costs, with international expansion reducing reliance on U.S. government demand [7] - QBTS shares are up nearly 150% year-to-date, closing at $23.74 [7] Rigetti Computing (NASDAQ: RGTI) - Rigetti represents an asymmetric investment opportunity, with progress towards higher-fidelity modular superconducting systems potentially rebuilding investor confidence [10] - Recent government contracts, including a $5.8 million deal with the Air Force Research Lab for quantum networking, indicate growing confidence in Rigetti's technologies [10] - RGTI shares are up 17% in 2025, trading at $23, with expectations for positive developments that could lead to a sharp re-rating [11]

Acquisition Overview - Quantum Computing (QCi) has agreed to acquire Luminar Semiconductor (LSI) for $110 million in an all-cash deal [1] - The acquisition will provide QCi with a portfolio of photonic technologies, patents, and a skilled team from LSI [1] Strategic Intent - The deal aims to advance QCi's quantum systems for commercial deployment while supporting LSI's existing customer base [2] - QCi's CEO, Yuping Huang, stated that this acquisition is a significant step in developing practical, integrated quantum solutions [2] Revenue Opportunities - Post-closing revenue opportunities include serving and expanding LSI's current non-quantum customer base and utilizing LSI's technology to commercialize quantum appliances [3] - Luminar Semiconductor is not a debtor in Luminar Technologies' bankruptcy cases and continues to operate normally [3] Bankruptcy Court Approval - The acquisition requires approval from the bankruptcy court through a Section 363 sale process, with QCi as the proposed stalking horse bidder entitled to customary bid protections [4] - The transaction is expected to close after satisfying customary closing conditions, with anticipated bankruptcy court approval by the end of January 2026 [4] Long-term Potential - Luminar Technologies' CEO, Paul Ricci, emphasized that LSI has significant long-term potential and that the transaction with QCi will provide the necessary investment and strategic vision [5] - The collaboration is expected to accelerate market innovations and enhance customer service across advanced photonics and sensing applications [5]

Core Points - The U.S. has halted a technology trade deal with the U.K. due to frustrations over the pace of progress [1] - The "technology prosperity deal" was announced in September during President Trump's state visit and aimed to enhance collaboration on technologies like AI, nuclear fusion, and quantum computing [1][2] - Trump emphasized that the deal would position both countries to lead the next technological revolution [2] - U.K. Prime Minister Keir Starmer described the agreement as a significant change in U.S.-U.K. relations, promising growth, security, and opportunities [2] - Talks were suspended last week, as reported by the Financial Times, citing unnamed British officials [2] - A U.K. government spokesperson reaffirmed the strength of the U.S.-U.K. relationship and commitment to the Tech Prosperity Deal [3]

The United States has reportedly put on hold a technology agreement with the United Kingdom, citing dissatisfaction with the progress of trade discussions.Trade Concessions Stall TalksThe U.S.-UK “Technology Prosperity Deal,” announced in September, was intended to foster collaboration in areas such as artificial intelligence, quantum computing, and nuclear energy. However, the U.S. has now suspended the deal, expressing frustration over the pace of trade negotiations, as reported by the Financial Times.Bri ...

Grayscale said in its latest "2026 Digital Asset Outlook" that while quantum computing poses a long-term risk to blockchain cryptography, it is unlikely to affect Bitcoin—or the broader crypto market’s prices and valuations—in 2026. The report noted that most public blockchains will ultimately need to adopt post-quantum cryptography upgrades. However, a "cryptographically relevant" quantum computer capable of breaking Bitcoin’s public-key cryptography and forging digital signatures to steal assets is widely ...

Quantum Computing Unlikely to Impact Bitcoin, Crypto Prices in 2026: Grayscale► https://t.co/nLWktCeDrK https://t.co/nLWktCeDrK ...

Canada wants to prevent quantum leaps — that is, stop its promising quantum startups from leaping south of the border. Read more in today’s Canada Daily newsletter https://t.co/RZiwgVNsMn ...

Company Overview - D-Wave Quantum is a technology company specializing in quantum computing hardware, software, and cloud-based services, addressing complex computational challenges for enterprise clients across various sectors [5] - The company has a market capitalization of $7.83 billion and reported a revenue of $30.6 million with a net income of -$398.8 million for the trailing twelve months (TTM) [4] Recent Insider Activity - John M. Markovich, the Chief Financial Officer, exercised 200,000 stock options and sold the resulting shares for a transaction value of $4.59 million, marking the largest single administrative disposition reported by him [1][7] - Post-transaction, Markovich retains 937,559 shares with a direct ownership value of $21.5 million [2] Market Context - As of December 15, 2025, D-Wave Quantum's one-year total return was 373%, indicating significant price appreciation and elevated valuation for the equity [7] - The transaction was part of a trading plan adopted by the CFO in August, prior to a sharp share price spike to its record high [10] Product and Service Offering - D-Wave Quantum develops and commercializes quantum computing systems, including the Advantage quantum computer, Ocean open-source programming tools, and Leap cloud-based quantum services [8] - The company generates revenue through hardware sales, cloud-based quantum computing access, and professional services for enterprise quantum application deployment, serving sectors such as manufacturing, logistics, financial services, and life sciences [8] Industry Position - D-Wave's Advantage2 quantum annealing system is recognized as an industry leader with over 4,400 qubits, enabling the exploration of multiple problems simultaneously [9] - The company is well-positioned in the quantum computing space, with a strong balance sheet showing $800 million in net cash, as the technology gains more use cases [11]

Core Insights - The focus is shifting from pure-play quantum computing startups to companies enabling quantum technology through classical infrastructure and secure IT environments [1][9] - The quantum computing market is projected to grow significantly, with a CAGR of 20.5% from $1.4 billion in 2024 to over $4.2 billion by 2030, while the post-quantum cryptography market is expected to grow from $0.42 billion in 2025 to $2.84 billion by 2030, at a CAGR of 46% [4] Company Summaries - **Advanced Micro Devices (AMD)**: Partnering with IBM to develop quantum-centric supercomputing architectures that integrate quantum and classical computing technologies. Expected earnings growth of 26.8% and revenue growth of 57.8% in 2026 [5][6] - **Teradyne (TER)**: Acquiring Quantifi Photonics to enhance testing capabilities for photonic integrated circuits, crucial for next-generation quantum systems. Expected earnings growth of 44.6% and revenue growth of 22% in 2026 [7][8] - **Broadcom (AVGO)**: Launched Brocade Gen 8 Fibre Channel networking platforms with quantum-safe encryption, indicating a move towards monetizing quantum-resilient security capabilities. Expected earnings growth of 34.9% and revenue growth of 34.1% in fiscal 2026 [10][11] - **Applied Materials (AMAT)**: Collaborating with Xanadu and Qolab to advance quantum hardware fabrication processes, emphasizing its role in materials engineering for quantum devices. Expected earnings growth of 1.3% and revenue growth of 2% in fiscal 2026 [12][13] - **Oracle (ORCL)**: Engaging in partnerships to provide advanced quantum-safe security solutions and launching the Oracle Defense Ecosystem to foster innovation in defense technologies. Expected earnings growth of 15.4% and revenue growth of 16.6% in fiscal 2026 [14]

The Canadian government will provide up to C$92 million ($66.8 million) in funding to help quantum computing firms to scale up and remain in the country https://t.co/ZzhSzuqLzl ...