Core Insights - Spectral Capital Corporation announced projected unaudited revenues for its acquisition target, Telvantis Voice Services, Inc., estimating approximately $250 million for 2025, driven by strong enterprise demand in global voice infrastructure and AI-integrated communications platforms [2] - The acquisition of Telvantis is expected to close around December 19, 2025, making it a wholly owned subsidiary of Spectral, with its results consolidated into Spectral's financial statements from that date [2] - 42 Telecom Ltd., acquired by Spectral on August 1, 2025, is projected to generate approximately $24 million in revenue for 2025, with only revenues post-acquisition included in Spectral's consolidated financials [3] Financial Projections - Telvantis's expected revenue of $250 million and 42 Telecom's $24 million highlight the growth potential of Spectral's combined operations [4] - The company plans to provide pro forma combined financial information for Telvantis and 42 Telecom in upcoming SEC filings [4] Company Strategy - Spectral Capital focuses on building, acquiring, and scaling products in the artificial intelligence sector, emphasizing innovation and a strong patent pipeline [5]

🔥 UPDATE: Spain’s ITER plans to offload 97 $BTC purchased in 2012 for $10K and reinvest the >$10M haul into quantum projects. https://t.co/GVpv8OzqSO ...

Group 1 - IBM stock has outperformed all members of the Magnificent Seven, except Nvidia and Alphabet, indicating strong market performance [1] - The article references a historical context of IBM's recovery from near-bankruptcy, highlighting its resilience over 114 years [1] Group 2 - D-Wave reported a smaller-than-expected Q3 loss, with revenue exceeding expectations, although the stock fell [2] - IonQ's earnings missed expectations, but revenue beat forecasts, reflecting mixed results in the quantum computing sector [4]

Group 1 - IBM stock has outperformed all members of the Magnificent Seven, except Nvidia and Alphabet, indicating strong market performance [1] - The article references a historical context of IBM's recovery from near-bankruptcy, highlighting its resilience over 114 years [1] Group 2 - D-Wave reported a smaller-than-expected Q3 loss, with revenue exceeding expectations, although the stock fell [2] - IonQ's earnings missed expectations, but revenue beat forecasts, reflecting mixed results in the quantum computing sector [4]

Q3 2025 Investor Presentation Forward-Looking Statements Certain statements in this presentation are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, in ...

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 - D-Wave Quantum reported a smaller-than-expected third-quarter loss and revenue that exceeded expectations, indicating a positive outlook for growth and profitability in the quantum computing sector [1][2] - Despite the positive earnings report, D-Wave's stock initially rose but then fell by 3.5%, reflecting volatility in the quantum computing market [2][6] Financial Performance - For the September quarter, D-Wave reported a 5-cent adjusted loss compared to a 12-cent loss a year earlier, with revenue increasing nearly 100% to $3.7 million, surpassing Wall Street's forecast of a 7-cent loss on $3 million revenue [2] - D-Wave's stock had previously surged approximately 223% in 2025 before retreating from a record high of 46.75 set on October 15 [2] Partnerships and Projects - D-Wave announced a partnership with the Italian government for a booking of 10 million euros for 50% capacity of a D-Wave Advantage2™ quantum computer for a research facility in Lombardy, spanning five years [3] - The company is also working on a new quantum project with Davidson Technologies, which holds an option to purchase a quantum system [5] Market Position and Technology - D-Wave is recognized as a leading developer of quantum technology, specifically in "quantum annealing," and has been a pioneer in the field since its founding in 1999 [6] - Quantum computing stocks, including D-Wave, have experienced volatility in 2025, influenced by market controversies surrounding the timeline for commercially viable quantum technology [6] Stock Ratings - D-Wave stock holds a Composite Rating of 85 out of a best-possible 99, indicating strong growth potential [7] - The stock also has an Accumulation/Distribution Rating of A, suggesting heavy institutional buying over the past 13 weeks [8]

Core Insights - SkyWater Technology and QuamCore have announced a collaboration to develop a digital superconducting controller aimed at scalable quantum computing, involving a multi-million-dollar contract [1][2][3] - The partnership combines SkyWater's U.S.-based manufacturing capabilities with QuamCore's SFQ-based control architecture, targeting the development of a 1-million-qubit superconducting quantum computer [2][5] - The collaboration is expected to accelerate the transition from prototype to scalable production for QuamCore, leveraging SkyWater's advanced superconducting process expertise [4][5] Company Overview - SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, focusing on advanced manufacturing for emerging technologies like quantum computing [5][7] - QuamCore is a deep-tech startup developing control architectures for fault-tolerant, million-qubit quantum systems, utilizing patented superconducting processor designs [8] Technical Details - The collaboration will co-engineer a superconducting fabrication process optimized for integrating SFQ digital control circuits with superconducting qubit arrays, enhancing yield, uniformity, and cryogenic device performance [3][4] - Integrated SFQ control can significantly reduce cabling requirements by up to 1000 times compared to conventional methods, while also achieving lower power dissipation [6]

Group 1 - Dow Jones, S&P 500, and Nasdaq futures showed little change early Thursday, indicating a mixed market sentiment [1] - Key earnings reports were released from companies including Robinhood Markets, AppLovin, ARM Holdings, DoorDash, and Qualcomm [1] - Tesla shareholders are set to vote on CEO Elon Musk's $1 trillion pay deal, with TSLA stock approaching a buy point [1] Group 2 - SiTime, a timing-chip maker, exceeded expectations for Q3 and raised guidance for Q4, resulting in a rise in its stock during extended trading [2] - AppLovin's stock increased due to better-than-expected earnings and guidance [4] - DoorDash's stock declined following an earnings miss, as the company is increasing its investments [4]

Core Viewpoint - IonQ's shares rose 4.8% in after-hours trading following a strong Q3 2025 report, driven by revenue that exceeded Wall Street expectations and an increase in full-year revenue guidance [1][5]. Financial Performance - Q3 2025 revenue reached $39.9 million, a significant increase of 222% compared to Q3 2024's $12.4 million [4]. - GAAP operating income showed a loss of $168.8 million in Q3 2025, widening by 218% from a loss of $53.1 million in Q3 2024 [4]. - GAAP net income for Q3 2025 was a loss of $1.05 billion, a dramatic increase of 1,908% from a loss of $52.5 million in Q3 2024 [4]. - GAAP earnings per share (EPS) for Q3 2025 was a loss of $3.58, compared to a loss of $0.24 in Q3 2024 [4]. - Non-GAAP (adjusted) EPS for Q3 2025 was a loss of $0.17, widening by 55% from a loss of $0.11 in Q3 2024 [4]. Market Expectations - Analysts had expected a GAAP EPS of $0.44 on revenue of $27 million, indicating that while IonQ exceeded revenue expectations, it significantly missed on the bottom line [5][8]. - The company surpassed its revenue guidance of $25 million to $29 million [5]. Operational Insights - IonQ's operational spending for the first three quarters of the year was $208.7 million, compared to $66.3 million in the same period last year [6]. - The company ended the quarter with $1.5 billion in cash, cash equivalents, and short-term investments, and raised $2 billion in a stock offering shortly after the quarter ended [6]. Acquisitions - IonQ completed the acquisition of U.K.-based Oxford Ionics during the third quarter, which is expected to enhance scale, stability, and cost savings through existing semiconductor manufacturing [9].