Core Viewpoint - D-Wave claims to have achieved "quantum supremacy" with its upcoming Advantage 2 quantum system, asserting it can solve problems that traditional computers cannot, despite facing skepticism from the scientific community [2][14][15]. Group 1: Company Achievements - D-Wave's Advantage 2 quantum system, featuring 1,200 qubits, is said to have solved a problem in minutes that would take traditional supercomputers a million years [2]. - The company reported a record revenue of $23.9 million in the past year, a 128% increase from $10.5 million in 2023, with over $300 million in the bank [3]. - D-Wave has established a new business model to sell its quantum systems directly to data centers, following the purchase of its Advantage quantum system by the Jülich Supercomputing Centre [2][3]. Group 2: Future Roadmap - D-Wave plans to enhance its hardware roadmap, starting with the release of Advantage 2, which will eventually scale to 4,400 qubits [5][8]. - The company aims to develop a system with 100,000 qubits, transitioning to a multi-chip architecture to increase qubit count while maintaining connectivity and coherence [9][10]. - Future updates include Advantage 2 Performance in 2026 and Advantage 3 by 2030, indicating a long-term commitment to advancing quantum technology [8]. Group 3: Technical Advancements - Advantage 2 features improved connectivity, with each qubit connected to 20 others, doubling the coherence time and increasing energy scale by 40% compared to the previous Advantage system [8]. - D-Wave is also accelerating the development of gate-model quantum systems, which have broader applications than its current annealing technology [10][12]. - The company is integrating digital simulation with its annealing systems to enhance performance on optimization problems [12]. Group 4: Industry Controversies - D-Wave's claims of quantum supremacy have been met with skepticism, as some researchers argue that traditional computing methods can replicate their results [14][16]. - Critics highlight that while D-Wave's technology shows promise, it is still limited to specific types of problems, primarily optimization tasks [15][18]. - Despite the controversies, experts acknowledge that D-Wave's machines can outperform traditional methods in certain scenarios, emphasizing the potential for practical applications in scientific research [18][19].

NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Quantum Computing Inc. (NASDAQ: QUBT). https://securitiesclasslaw.com/securities/quantum-computing-inc-loss-submission-form/?id=139436&from=3 CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903 CLASS PERIOD: March 30, 2020 to January 15, 2025 DEADLINE: April 28, 2025 Shareholders should not delay in registering for t ...

Core Viewpoint - Quantum Computing Inc. (QCI) is facing allegations of issuing materially false and misleading statements regarding its quantum computing technologies, relationships with NASA, and business dealings, which may have led to inflated stock prices during the class period from March 30, 2020, to January 15, 2025 [2]. Group 1: Allegations - Defendants allegedly overstated the capabilities of QCI's quantum computing technologies, products, and services [2]. - The nature and scope of QCI's relationship with NASA, including contracts and subcontracts, were also overstated [2]. - Claims regarding QCI's progress in developing a thin film lithium niobate (TFLN) foundry and related orders for TFLN chips were allegedly exaggerated [2]. - Business dealings with Quad M and millionways were classified as related party transactions, which were not disclosed [2]. - QCI's revenues were reportedly reliant on undisclosed related party transactions [2]. - The revelations of these issues are likely to have a significant negative impact on QCI's business and reputation [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Class Action Details - Shareholders who purchased QUBT shares during the class period are encouraged to register for the class action by April 28, 2025 [3]. - Registration allows shareholders to receive updates through portfolio monitoring software regarding the case's status [3]. - There is no cost or obligation for shareholders to participate in the case [3]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Viewpoint - A securities class action lawsuit has been filed against Quantum Computing Inc. (QCI) for allegedly making materially false and misleading statements regarding its business operations and prospects during the class period from March 30, 2020, to January 15, 2025 [1][2]. Allegations Against QCI - The lawsuit claims that QCI overstated the capabilities of its quantum computing technologies, products, and services [2]. - It is alleged that QCI misrepresented the nature and scope of its relationship with NASA, including its contracts and subcontracts [2]. - The company purportedly exaggerated its progress in developing a thin film lithium niobate (TFLN) foundry and the scale of its operations related to TFLN chips [2]. - QCI's business dealings included undisclosed related party transactions, which contributed to its revenue [2]. - The lawsuit suggests that the eventual revelation of these issues would significantly harm QCI's business and reputation, indicating that the positive statements made by the company lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in QCI have until April 28, 2025, to seek appointment as a lead plaintiff representative for the class, or they may choose to remain absent [3]. - The lead plaintiff will represent all class members in directing the litigation and will select counsel to represent the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].

Quantum computing stocks are taking a hit as the Nasdaq Composite continues to slide. Over the past year, a new subsector of artificial intelligence (AI) stocks started receiving intense investment interest. As a result, these companies saw parabolic rises in their stock price seemingly out of nowhere. What was the catalyst fueling the hype around these emerging AI players? The basic explanation is that quantum computing started gaining investment traction within the broader AI narrative. Many big tech comp ...

Core Viewpoint - The article discusses the potential of IonQ, Inc. (IONQ) in the quantum computing market, comparing it to NVIDIA Corporation (NVDA) and highlighting its growth prospects and investment potential. Group 1: Market Potential - The quantum computing market is projected to reach $2 trillion by 2035, indicating significant growth opportunities for IonQ [1] - IonQ's quantum computing system supports major companies like Microsoft and Amazon, enhancing its relevance in the market [1] Group 2: Company Performance - IonQ achieved revenues of $43.1 million last year, reflecting a 95% increase from the previous year, surpassing its earlier guidance [2] - The company has a strong cash balance, with over $700 million available for research and development after raising approximately $360 million from an equity offering [5] Group 3: Technological Advancements - IonQ's linear ion chains can exceed 100 qubits, resulting in fewer errors compared to competitors, showcasing its technological edge [2] - Recent developments indicate that IonQ's quantum computing is 12% faster than classical computing, suggesting imminent commercial viability [4] Group 4: Analyst Sentiment - Brokers have increased IonQ's average short-term price target by 70% to $42.17, with the highest target set at $54, representing a potential upside of 117.7% [6] - IonQ currently holds a Zacks Rank 2 (Buy), indicating positive analyst sentiment [9] Group 5: Challenges and Comparisons - Despite its potential, IonQ is not yet comparable to NVIDIA, which benefits from strong financials and high demand for chips [8] - IonQ's high price-to-sales ratio of 119.7 suggests that the stock may be overvalued, and the company is projected to incur a net loss of $331.6 million in 2024, which could hinder long-term growth [8]

Nvidia looks like a more reliable investment than this quantum computing darling.Rigetti Computing (RGTI 0.50%) took investors on a wild ride since its public debut three years ago. The quantum computing company went public by merging with a special purpose acquisition company (SPAC), and its stock opened at $9.75.But by May 3, 2023, its stock sunk to an all-time low of $0.38. Like many other SPAC-backed start-ups, Rigetti overpromised and underdelivered. It only generated $13 million in revenue in 2022, co ...

Financial Data and Key Metrics Changes - Fourth quarter 2024 revenues totaled approximately $62,000, a decrease from $75,000 in the prior-year quarter [23] - Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by a focus on reducing direct costs [23] - Net loss attributable to common stockholders was $51.2 million or $0.47 per basic share, compared to a net loss of $6.8 million in the prior-year quarter, primarily due to non-cash charges related to the company's warrant liability [25] - Total assets increased to $153.6 million, up from $74.4 million at year-end 2023 [25] - Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end, bolstered by net proceeds of $92.1 million raised in the fourth quarter [26] - Stockholders' equity rose to $107.3 million, reflecting a strengthened capital position [27] Business Line Data and Key Metrics Changes - The company is focused on delivering quantum-enhanced solutions through its Dirac-3 quantum optimization machine, which operates at room temperature and consumes less than 100 watts [9][10] - The photonic chip technology is advancing, with the foundry in Tempe, Arizona, on track to begin production in early Q2 2025 [15][27] - Multiple preorders for TFLN photonic chips were secured, reinforcing the strategy in the growing demand for high-performance, energy-efficient photonic integrated circuits [16][17] Market Data and Key Metrics Changes - The company has secured contracts with NASA for developing quantum modeling and enhancing data collection capabilities, demonstrating the demand for its quantum solutions [13][14] - The company is actively engaged with commercial and government partners, attending numerous industry trade shows to strengthen customer relationships and expand market presence [17][18] Company Strategy and Development Direction - The company aims to scale and accelerate the commercialization of its technology in 2025, focusing on revenue generation from its foundry and quantum machines [20][29] - The strategy includes expanding industry partnerships and continuing R&D innovation to push the boundaries of photonic computing [20][29] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growing recognition of quantum technology and the company's unique position in delivering accessible solutions [6][7] - The focus remains on executing the commercialization strategy while managing financial resources prudently [27] Other Important Information - The company has strengthened its balance sheet significantly compared to the previous year, positioning itself well for future growth [20][27] - The foundry is expected to ramp up operations gradually, with proof of concept chips being delivered to customers in Q2 [39] Q&A Session Summary Question: Focus on international opportunities - Management indicated a current focus on domestic business while also having some orders for photonic chips offshore in Europe and Asia [33][34] Question: Foundry operational efficiency - Management acknowledged a startup time for the foundry, with plans to deliver proof of concept chips in Q2 and a gradual ramp-up to full operational efficiency [38][39]

Financial Data and Key Metrics Changes - Fourth quarter 2024 revenues totaled approximately $62,000, a decrease from $75,000 in the prior-year quarter [23] - Gross margin improved significantly to 55%, up from 13% in the fourth quarter of 2023, driven by a focus on reducing direct costs [23] - Net loss attributable to common stockholders was $51.2 million or $0.47 per basic share, compared to a net loss of $6.8 million in the prior-year quarter, primarily due to non-cash charges related to the company's warrant liability [25] - Total assets increased to $153.6 million, up from $74.4 million at year-end 2023 [25] - Cash and cash equivalents increased by $76.9 million to $78.9 million at year-end, bolstered by net proceeds of $92.1 million raised in the fourth quarter [26] - Stockholders' equity rose to $107.3 million, reflecting a strengthened capital position [27] Business Line Data and Key Metrics Changes - The company is focused on two primary market needs: the Dirac-3 quantum machine for complex optimization problems and advancing photonic chip technology [10][11] - Significant operational progress was made, including an expansion of the partnership with NASA, securing multiple contracts for quantum modeling and optimization [12][14] - The Quantum Photonic Chip Foundry in Tempe, Arizona is in the final stages of commissioning and is on schedule to begin production in early Q2 2025 [15] Market Data and Key Metrics Changes - The company has been actively engaged with commercial and government partners, attending numerous industry trade shows and conferences to present quantum optimization and photonic chip solutions [17][18] - There is a mix of domestic and international focus, with some orders for photonic chips coming from Europe and Asia, while the Dirac machine orders are primarily domestic [33][34] Company Strategy and Development Direction - The company aims to scale operations and accelerate the commercialization of its technology in 2025, focusing on driving revenue from the foundry and quantum machines [20][29] - The strategy includes expanding industry partnerships and continuing R&D innovation to push the boundaries of photonic computing [20][29] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the growing recognition of quantum technology and the company's unique position in delivering accessible solutions [6][8] - The company is well-positioned to capitalize on the growing demand for scalable quantum solutions, with a strong financial position and a focus on innovation [29] Other Important Information - The company has signed Memorandums of Understanding with Spark Photonics Design and Alcyon Photonics to broaden collaboration efforts [16] - The company is preparing to deliver proof of concept chips to customers in Q2 2025, with a ramp-up period expected for full operational efficiency [38][39] Q&A Session Summary Question: Focus on international opportunities - Management indicated a current focus on domestic business with some global companies, while also having orders for photonic chips from Europe and Asia [33][34] Question: Foundry business operational efficiency - Management noted that there will be a startup time for the foundry, with proof of concept chips being delivered in Q2, and a ramp-up to full operational efficiency expected [38][39]

Group 1 - Nvidia CEO Jensen Huang retracted his earlier comments doubting the market readiness of useful quantum computers within the next 15 years, acknowledging his previous statements were misleading [1][2] - Huang compared the current state of quantum computing companies to Nvidia's early days, noting it took over 20 years for Nvidia to develop its software and hardware business [2] - The event featured panels with representatives from 12 quantum companies, indicating a collaborative approach between Nvidia and the quantum computing industry [3] Group 2 - Nvidia is positioning itself to benefit from quantum computing, as much of the research is conducted using powerful traditional computers, which Nvidia manufactures [4] - The company announced plans to establish a research center in Boston to facilitate collaboration between quantum companies and researchers from Harvard and MIT, incorporating Nvidia's Blackwell AI servers [5] - Quantum computing, while still in its infancy, has the potential to solve complex problems that classical computers struggle with, such as code deciphering and simulations [7]