Key Takeaways QBTS outperformed IBM with a 1312.3% stock gain in a year, fueled by enterprise traction and tech rollouts. D-Wave's Advantage2 system with 4,400 qubits and hybrid solvers is now available via cloud and on-prem. QBTS ran a materials simulation in minutes that would take classical systems over a million years.In 2025, D-Wave Quantum (QBTS) and International Business Machines Corporation (IBM) have emerged as prominent players in quantum computing, a niche that is currently getting commerciali ...

①美国消费者信心意外下降 鲍威尔重申不急于降息 关注关税政策影响 美国6月消费者信心意外下降5.4点至93，低于经济学家预期。消费者对进口关税上调的经济影响持续焦 虑，支出更谨慎。调查截止于6月18日，地缘政治提及略有增加，预计未来一年利率上升的消费者比例 升至57%，为2023年10月以来最高。美联储主席鲍威尔周二出席美国众议院金融服务委员会听证会并提 交货币政策报告，他表示，目前美联储暂不急于降息，需静观特朗普关税政策对经济影响。他也透露降 息会有两个条件，一是通胀下行，二是劳动力市场疲软。上周美联储按兵不动。当下白宫施压要求降 息，美联储内部也有降息声音，但市场认为7月降息概率小，多数成员谨慎，降息或在9月。本周至少15 位美联储官员将讲话。 评论员许戈：鲍威尔表示，目前美联储不急于降息，因关税不确定性影响经济需观察，美国经济韧性、 低失业率、通胀回落但仍超目标，是其"有利位置"。7月降息可能性小，降息需通胀下行、劳动力市场 疲软。降息不考虑政治因素，特朗普关税威胁无效。美股面临六月美债到期、七月谈判延期到期威胁， 但或是"倒车接人"机会。 申万宏源证券研究所执行总经理钱启敏：鲍威尔对于是否快速降息，仍 ...

Core Insights - IBM has launched its first Quantum System Two outside the United States, co-located with RIKEN's supercomputer Fugaku in Japan, marking a significant milestone in quantum computing [1][4] - The IBM Quantum System Two is powered by the 156-qubit IBM Quantum Heron processor, which has demonstrated a two-qubit error rate of 3x10^-3, significantly improving performance over the previous generation [1][2] - The integration of quantum and classical computing systems aims to enhance research capabilities in advanced algorithms, particularly in fundamental chemistry problems [2][3] Company Developments - The IBM Quantum System Two was officially launched on June 24, 2025, during a ceremony attended by key figures from IBM and RIKEN, highlighting the collaboration between the two organizations [4][5] - The connection between IBM's quantum system and Fugaku allows for the development of hybrid workflows that leverage the strengths of both quantum and classical computing [3][5] Research and Innovation - The collaboration aims to discover algorithms that provide quantum advantage, enabling faster, cheaper, or more accurate solutions compared to classical methods [6] - Recent research featured in Science Advances demonstrates the potential of near-term quantum computers to model complex systems, such as the electronic structure of iron sulfides, which is crucial for various chemistry applications [6]

Core Insights - IBM plans to invest $150 billion in America over the next five years to enhance its role in global computing and stimulate the economy [1] - The investment includes over $30 billion dedicated to research and development for mainframe and quantum computer manufacturing in the U.S. [1] - IBM emphasizes its commitment to American jobs and manufacturing, aiming to maintain its leadership in advanced computing and AI capabilities [1] Investment and Economic Impact - The investment is expected to create new economic opportunities in the U.S. and globally, reinforcing IBM's commitment to innovation [4] - IBM's mainframes, manufactured in Poughkeepsie, New York, handle over 70% of the world's transactions by value, highlighting their critical role in the economy [2] Quantum Computing Initiatives - IBM operates the world's largest fleet of quantum computer systems, with plans to continue designing and assembling these systems in America [3] - Quantum computing is identified as a significant technological shift that will address problems beyond the capabilities of conventional computers, enhancing American competitiveness and national security [3] - IBM's Quantum Network provides access to quantum systems for nearly 300 Fortune 500 companies and has over 600,000 active users [3]