D-Wave (NYSE: QBTS ) is the first company to achieve a quantum annealing system, and its shares have gone through the roof since the IPO. Since going public via SPAC in 2022, QBTS stock has exploded. It rocketed from sub-$1Hi, I'm a dedicated Stock Analyst aiming to identify clear winners in the market. I'm here to help others make informed investment decisions by delivering clear, insightful, and easy-to-understand financial content. My work has been featured on several leading platforms, including Yahoo, ...

Core Viewpoint - D-Wave Quantum's stock has experienced a significant decline of 19% from August 13 to August 21, amidst a broader pullback in tech stocks, despite a remarkable increase of nearly 1,500% over the past year as interest in quantum computing grows [1][2]. Company Overview - D-Wave Quantum positions itself as the world's first commercial supplier of quantum computers and has recently launched its next-generation quantum processor [2]. - The company reported a revenue of $3.1 million for Q2, marking a 42% increase year-over-year, with bookings rising 92% to $1.3 million [9]. Quantum Computing Potential - Quantum computers can perform complex calculations exponentially faster than traditional computers, with benchmarks showing tasks that would take supercomputers 10 septillion years can be completed in under five minutes by quantum chips [4]. - The global quantum computing market is projected to grow from $4 billion in 2024 to $72 billion by 2035, driven by advancements in various fields such as semiconductor development and drug discovery [5]. Product Development - D-Wave's sixth-generation quantum computer, Advantage2, is designed for real-world applications like process optimization and artificial intelligence [7]. - The Advantage2 has been tested by notable institutions, including the Jülich Supercomputer Center and Los Alamos National Laboratory [8]. Financial Performance - D-Wave reported a net loss of $167.3 million in Q2, compared to a loss of $17.8 million in the same period last year, with operating expenses increasing by 41% [11]. - The company ended Q2 with $819 million in cash and $149.3 million in liabilities, having raised $400 million through share sales and other financial instruments [12]. Growth Strategy - Management plans to utilize the cash reserves to accelerate growth, potentially through mergers or acquisitions, and intends to increase investment in R&D and marketing, which will raise operating expenditures by approximately 15% [13]. - D-Wave aims to be the first independent publicly held quantum computing company to achieve consistent profitability, although this goal may take time [13]. Market Valuation - D-Wave's stock trades at a price-to-sales ratio of 173, which is high compared to traditional tech companies but aligns with other pure-play quantum computing firms [14]. - Analysts estimate D-Wave's revenue for 2025 to be $24.6 million, nearly 180% higher than projected for 2024, indicating potential for significant growth [16].

The next evolution of artificial intelligence technology is upon us. It will be driven by a whole new kind of hardware.There's no two ways about it: Artificial intelligence (AI) isn't just here to stay. It's changing... well, practically everything. Indeed, now that the world's gotten a taste of what's possible, it's recognizing how much more it could be doing with more powerful AI computers.Enter quantum computing, which makes use of quantum bits -- or qubits -- rather than conventional binary computer bit ...

Core Insights - The second quarter of 2025 showed a consistent trend among four U.S.-listed pure-play quantum companies, with all reporting net losses while enhancing their balance sheets through significant fundraising efforts [1][3]. Company Summaries IonQ - IonQ reported a net loss of $177.5 million but achieved a record institutional equity raise of $1.6 billion, which will support its quantum computing and networking roadmap, including acquisitions aimed at scaling to 800 logical qubits by 2027 [6][8]. - The company secured a $22 million deal to establish America's first commercial quantum hub and formed new partnerships in Japan, South Korea, Sweden, and Australia [6]. D-Wave Quantum - D-Wave experienced a net loss of $167 million, primarily due to non-cash warrant charges, but successfully raised over $500 million, increasing its cash balance to $819 million [9][10]. - The funds will be utilized for acquisitions and advancing its 100,000-qubit roadmap, alongside enhancing cryogenic packaging and error suppression [9]. Rigetti Computing - Rigetti launched its Cepheus-1-36Q quantum computer, achieving significant error rate reductions, while reporting a net loss of $39.7 million and revenues of $1.8 million [13][14]. - The company raised $350 million in equity financing, closing the quarter with $571.6 million in cash and no debt, providing a critical runway for R&D and strategic partnerships [13][14]. Quantum Computing Inc. - Quantum Computing Inc. reported modest revenues of $61,000 against a net loss of $36.5 million, largely due to non-cash warrant adjustments [15]. - The company raised $200 million, increasing its cash reserves to $349 million, which will support its growth initiatives and operations [15][16]. Industry Outlook - Despite ongoing losses, these companies are leveraging investor capital and government partnerships to transition from financial losses to potential future breakthroughs in quantum technology [3][20]. - The fresh funding is expected to facilitate acquisitions and support global expansion, positioning these companies as potential leaders in the evolving quantum sector [20].

The quantum computing race is heating up. There's a lot of buzz in the quantum computing investment realm, mainly driven by investors' willingness to take on more risk. As a result, people are also considering investing in high-risk, high-reward quantum computing pure plays like D-Wave Quantum (QBTS -1.66%) and Rigetti Computing (RGTI -3.45%). These are two of the more popular pure-play quantum computing stock picks, but is one a better pick than the other? Quantum computing is still proving its relevance Q ...

Core Insights - Quantum Computing Inc. (QUBT) experienced a nearly 5% decline in share price following its second-quarter 2025 results, reflecting investor caution despite operational advancements [1][9] - The company reported a net loss per share in line with estimates, but revenues fell short of expectations and decreased year over year, indicating the early-stage nature of its commercialization efforts [1][15] - Notable progress was made in quantum sensing, AI, and cybersecurity, with new customer acquisitions and a strategic partnership with NASA [1][6] Financial Performance - QUBT's revenues for the second quarter of 2025 missed expectations by nearly 40%, with a significant year-over-year decline [15] - The company reported a net loss that widened compared to the previous year, primarily due to a $28 million non-cash warrant liability and increased employee costs [15] - Operating expenses nearly doubled, highlighting the heavy investment required for scaling operations [15] Strategic Developments - QUBT secured new customer contracts, including orders from Delft University and a leading U.S. bank for quantum cybersecurity solutions [6][9] - The company was awarded a $406,478 subcontract with NASA for atmospheric sensing applications [7] - QUBT's cash position improved significantly, ending Q2 with $349 million, bolstered by a $200 million financing round [10][12] Market Position and Recognition - QUBT's inclusion in the Russell 3000 and Russell 2000 indexes enhances its visibility among institutional investors and is expected to improve liquidity [12] - The stock has gained 21.1% over the past three months, outperforming broader industry and market indices [5] Future Outlook - Despite recent operational progress, QUBT faces challenges in translating milestones into sustainable revenue growth [2][15] - Estimates for losses have widened, indicating ongoing investor caution as the company navigates its commercialization journey [16]

Core Viewpoint - Rigetti Computing Inc (NASDAQ:RGTI) is experiencing a decline in stock price amidst a broader market slump, currently trading at $14.26, marking a 3.3% drop and a potential fifth consecutive daily decrease, although the $14 level may provide support for the stock [1] Group 1 - The stock's recent pullback has brought it within one standard deviation of its 50-day moving average, having been above this trendline in at least eight of the last ten trading days and spending 80% of the past two months above it [2] - Historical data indicates that similar pullbacks have led to a 75% success rate of the stock being higher one month later, with an average gain of 14.6%, suggesting a potential rise back above $16 from its current position [3] - A reduction in market pessimism could further benefit RGTI, as the stock's put/call open interest ratio is in the low 21st percentile, indicating a put-bias, and short interest represents 15% of the stock's available float [7]

Core Insights - Rigetti Computing (RGTI) is focusing on chiplet technology to enhance the scalability of quantum computers, recently launching the Cepheus-1-36Q system which has achieved significant performance improvements [1][6] - The company aims to develop a 100-plus qubit system with high fidelity by the end of 2025, while also improving gate speeds [1][2] Company Developments - The Cepheus-1-36Q system has halved error rates compared to previous designs and achieved 99.5% two-qubit gate fidelity [1][6] - Rigetti raised $350 million in Q2, ending the quarter with $571.6 million in cash and no debt, despite a revenue decline to $1.8 million from $3.1 million due to delays in U.S. government funding [2][6] - The company emphasizes that achieving technology milestones is more critical than immediate sales at this stage [2] Industry Context - D-Wave Quantum (QBTS) is advancing its annealing-based systems and focusing on hybrid solvers, while also expanding customer adoption through cloud services [3] - Quantum Computing Inc. (QUBT) is making strides in software tools and middleware for different quantum hardware platforms, investing in photonic-based quantum initiatives [4] Financial Performance - Rigetti's stock has decreased by 0.7% year-to-date, contrasting with the industry growth of 21.4% [5] - The company has a price-to-book ratio of 7.96, which is above the industry average, and carries a Value Score of F [7] - The Zacks Consensus Estimate for Rigetti's 2025 earnings suggests an 86.1% increase from the previous year [9]

Honeywell International Inc. and other backers of Quantinuum are considering raising money for the quantum computing firm at a valuation of around $10 billion, people familiar with the matter said https://t.co/5K10v8yBGF ...

"The creation of QCORE at Montana State University provides access to cutting edge quantum computing resources like this Rigetti system that will drive research and innovation benefiting Montanans and people around the world. Montana is producing the enabling technology and critical components of quantum systems. The Rigetti system gives us access to a new modality of quantum computing," says Dr. Jayne Morrow, QCORE CEO. Through the new collaboration, Rigetti and MSU intend to collaborate on a variety of in ...