Calls of the day. We lead with Walmart. Uh Missouo says top pick.It's on the list. 115 is the price target. Nice little increase from there.Decade of investment spend has finally reached a tipping point in our view where delivery convenience are on par with anyone in consumer. Those are big words. Joe T.You own that name. Where's the mention about tariffs. Scott, is there anywhere in that report a word tariff.Because that's the problem. And that's the reason why since February, this stock has been on the de ...

Quantum Computing Industry Status - Quantum computing is reaching an inflection point and becoming more ready for enterprise use [1][2] - INQ believes its roadmap is the most aggressive and progressive in the quantum computing industry, aiming for useful advancements every year until 2030 [3] - INQ is the largest public company and a bellwether for the quantum computing industry [5] Partnerships and Acquisitions - INQ partnered with ANCIS, achieving a 12% speed up in computational engineering [2] - INQ partnered with Nvidia, Astroenica, and Amazon AWS, projecting a 20x speed up in computational drug design, turning months of work into days [3][4] - INQ acquired Oxford Ionics for over 1 billion dollars to consolidate and lead in emerging quantum tech [3][4][5] - INQ acquired Cubate, IDQ in Geneva, Lightsync in Boston, and Capella, a satellite QKD company, to advance its quantum networking business [7] Technological Advancements and Applications - INQ projects 80,000 logical qubits by the end of the decade [7] - Quantum AI is being applied to industrial uses, such as improving yields in steel production, cargo loading for Airbus, and drug design for Astroenica [10][11] - INQ is showing progress in computational drug design, computational engineering, material science, logistics, and cryptography with just 36 qubits [8] - INQ's machines are increasing in power by a factor of 100 million in a single generation [12] Financial Performance - INQ's revenue guidance range for the year is approaching 100 million dollars at the top end [6]

Core Viewpoint - D-Wave Quantum (QBTS) is expected to report significant revenue growth in Q1 2025, with a projected revenue of $10.87 million, reflecting a year-over-year increase of 339.92% [1]. Group 1: Earnings Expectations - The Zacks Consensus Estimate for QBTS's first-quarter revenues is $10.87 million, indicating a substantial increase compared to the previous year [1]. - The consensus estimate for loss is 5 cents per share, unchanged over the past 30 days, compared to a loss of 11 cents per share in the same quarter last year [1]. Group 2: Revenue Drivers - QBTS anticipates revenues exceeding $10 million in Q1 2025, largely due to the sale of an Advantage annealing quantum computer to Julich Supercomputing Center [3]. - The company reported a 128% increase in bookings for fiscal 2024, with growth driven by expansion in commercial, government, and research sectors [4]. - QBTS's customer base has grown to 135, including 76 commercial customers, 28 of which are Forbes Global 2000 companies, contributing to the expected revenue growth [5]. Group 3: Market Position and Competition - QBTS is facing increasing competition in the quantum computing market from companies like Rigetti Computing, IBM, Alphabet, and IonQ, which may impact its financial performance [11]. - Rigetti Computing's recent collaboration with Quanta Computer, committing over $100 million each, further intensifies competition [12]. - Alphabet's advancements in quantum computing, particularly with its Google Willow quantum chip, highlight the competitive landscape [13]. Group 4: Market Outlook - The global quantum computing market was valued at approximately $1.42 billion in 2024 and is projected to grow at a compound annual growth rate of 20.5% from 2025 to 2030, indicating a positive outlook for QBTS [17]. - Despite macroeconomic challenges, QBTS's expanding clientele and influence in the quantum computing space are expected to benefit its topline, justifying its premium valuation [16].

Financial Data and Key Metrics Changes - For fiscal year 2024, the company reported gross bookings of $65.8 million, reflecting a 13% increase from 2023, and revenue of $59.7 million, representing a 10% increase from 2023 [8][31] - Non-GAAP gross margin improved to 86% from 83% in 2023, while non-GAAP operating income increased to $5.5 million from $4.4 million in 2023 [8][31] - Non-GAAP net income per share rose to $0.25 from $0.17 in 2023, with shares used in the calculation increasing to 26.8 million from 20 million [8][31] Business Line Data and Key Metrics Changes - In Q4 2024, TCAD bookings reached $14.3 million, up 68% year over year, while EDA bookings were $5.5 million, up 31% year over year [27][30] - For the full year 2024, TCAD bookings totaled $46.9 million, a 32% increase, while EDA bookings were $15.4 million [34] Market Data and Key Metrics Changes - In Q4 2024, Asia Pacific revenues were $9.2 million, accounting for 52% of total sales, while the Americas contributed just over $7 million, or 40% of sales [35] - For the full year, Asia Pacific revenues were $31.6 million, representing 53% of sales, with the Americas at $22.5 million, or 38% of sales [35] Company Strategy and Development Direction - The company aims to drive innovation through AI-based semiconductor design, focusing on advanced CMOS geometries and power semiconductors [9][25] - The recent acquisition of Cadence's OPC product line is expected to enhance the company's capabilities in advanced memory manufacturing and foundry operations [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the acquisition of the OPC product line, indicating it will contribute to mid-single-digit revenue by 2026 [18][38] - The company expects gross bookings for 2025 to range between $72 million and $79 million, with revenue projected between $66 million and $72 million [38] Other Important Information - The company added 46 new customers in 2024, with a focus on expanding in power and memory markets [11][92] - The company has a strong cash position, ending December with $87.5 million in cash, cash equivalents, and marketable securities [29] Q&A Session Summary Question: Clarification on the contribution of the acquisition of the Cadence OPC product line - Management indicated that the contribution is expected to be modest for 2025, with more details to be provided in future calls [41][44] Question: Guidance for operating profits and OpEx increase - Management confirmed that the increase in operating expenses is due to both the acquisition and planned growth in R&D and sales [46][47] Question: Customer acquisition and integration with existing products - Management stated that the OPC product will initially be sold as a standalone product but will be integrated into the FTCO platform over the next six to nine months [54][56] Question: Current exposure to China and revenue contribution - Management expects revenue contribution from China to remain flat, around 15% to 20% for 2025 [73] Question: Gross margin guidance and long-term targets - Management explained that gross margin fluctuations are sensitive to revenue changes and that they expect margins to improve as revenue scales [80] Question: Customer acquisition pace and quality - Management anticipates maintaining the pace of customer acquisition but emphasizes that the quality of new customers will be more significant moving forward [88][89]