Company Overview - D-Wave Quantum has emerged as a leader in the quantum computing industry, driven by strong demand for its technology and a growing number of commercial applications [1][4] - The company has achieved a remarkable 705% stock return over the past year, reflecting investor optimism about its future prospects [1] Technology and Innovation - D-Wave's quantum annealing technology is particularly effective for solving optimization problems in various fields, including logistics, drug discovery, and financial modeling [5] - The fifth-generation Advantage2 system demonstrated the ability to solve a simulation in minutes that would take a classical supercomputer nearly 1 million years, showcasing the practical advantages of D-Wave's technology [5][6] Customer Base and Revenue Growth - D-Wave currently serves 133 customers, including major commercial organizations, research institutions, and government entities, through a cloud-based quantum computing as a service (QCaaS) platform [7] - In Q1, the company reported revenue of $15 million, a 509% year-over-year increase, primarily due to the delivery of an Advantage system [8] - Full-year revenue is projected to reach $24.4 million, representing a 176% increase from $8.8 million in 2024 [9] Financial Position - D-Wave's balance sheet shows a cash position exceeding $300 million, providing sufficient liquidity for operations and expansion [9] Future Outlook - The company aims to refine its annealing technology to over 100,000 qubits and expand its customer base into the next decade [10]

Core Viewpoint - Defiance ETFs has launched RGTX, a 2X leveraged single-stock ETF aimed at providing amplified exposure to Rigetti Computing, Inc. (NASDAQ:RGTI), allowing traders to seek enhanced returns without needing a margin account [1][3]. Company Overview - Rigetti Computing is recognized as a pioneer in quantum computing, known for its innovative technology and cutting-edge research [2]. - The company is actively developing proprietary quantum processors and expanding its Quantum Computing as a Service (QCaaS) platform [3]. ETF Details - RGTX aims to achieve daily investment results that correspond to twice (200%) the daily percentage change of Rigetti Computing's stock [2]. - The ETF is designed for investors looking for leveraged exposure to Rigetti Computing's market performance [3]. - Defiance ETFs specializes in thematic, income, and leveraged ETFs, positioning itself as a leader in ETF innovation since its founding in 2018 [5]. Investment Strategy - The ETF provides a trading tool for investors who wish to engage with Rigetti Computing's market performance without the complexities of margin accounts [3]. - RGTX is intended for knowledgeable investors who understand the risks associated with leveraged investments and are willing to actively manage their portfolios [4].