Core Viewpoint - D-Wave Quantum Inc. has completed the redemption of all outstanding public warrants, with the redemption date set for November 19, 2025, marking a significant step in the company's financial management and capital structure [1][4]. Summary by Sections Redemption of Warrants - D-Wave announced the completion of the redemption of all public warrants to purchase shares of common stock, with a redemption date of November 19, 2025 [1]. - Prior to the redemption announcement on October 20, 2025, 4,746,358 warrants were exercised, resulting in approximately 6.9 million shares of common stock being issued at an exercise price of $11.50 per warrant, generating cash proceeds of about $54.6 million for the company [2]. - As of the redemption date, 270,820 warrants remained unexercised, which were redeemed at a price of $0.01 per warrant, totaling an aggregate redemption price of $2,708.20 [3]. Trading and Delisting - Following the redemption, the warrants ceased trading on the New York Stock Exchange (NYSE) and will be delisted, effective November 18, 2025, while the common stock continues to trade under the symbol "QBTS" [4]. Company Overview - D-Wave Quantum Inc. is recognized as a leader in quantum computing systems, software, and services, being the first commercial supplier of quantum computers [6]. - The company focuses on delivering value through its quantum computing technology, which includes both annealing and gate-model quantum computers, and has a strong customer base with over 100 organizations utilizing its systems for various computational challenges [6].

Nov 21, 2025 7:00 AM Eastern Standard Time D-Wave Completes Redemption of Public Warrants Share PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave†or the "Company†), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it has completed the redemption of all of the Company's outstanding public warrants (the "Warrants†) to purchase shares of the Company's common stock ("Common Stock†) ...

Industry Overview - Quantum computing is projected to create $450 billion to $850 billion in economic value globally by 2040, indicating strong growth potential for the industry [1] - The industry is expected to provide sustained tailwinds for early movers to capitalize on emerging opportunities [1] Company Profile: D-Wave (QBTS) - D-Wave identifies itself as the world's first commercial supplier of quantum computers and is well positioned to benefit from industry growth [1] - The company has submitted 200 million problems to its quantum systems and has over 100 revenue-generating customers [3] - D-Wave's established products include the world's largest quantum computers, and it operates in a significant addressable market, allowing for healthy growth [3] Stock Performance - QBTS stock has rallied by 222% year-to-date but has corrected by 42% from recent highs of $46.75, presenting a potential accumulation opportunity [2] - The stock has surged by 152% in the last six months, supported by a robust growth trajectory and an expanding client base [4] Innovation and Intellectual Property - D-Wave has a strong focus on innovation, holding over 280 granted patents in the United States and more than 550 granted or pending patents globally [5] - The company employs a team of 50 PhD scholars, positioning it well for meaningful advancements in quantum computing [5] Financial Performance - For the first nine months of 2025, D-Wave reported $21.8 million in revenue while spending $37 million on R&D, indicating cash burn typical for early-stage companies [6] - As of Q3 2025, D-Wave reported a cash balance of $836.2 million, providing a robust cash buffer that mitigates the risk of equity dilution in the near future [6] Analyst Ratings - Benchmark has reaffirmed its "Buy" rating for QBTS stock with a price target of $35, supported by positive business developments that are expected to drive continued growth momentum [2]

D-Wave Quantum (QBTS) is a global leader in quantum computing systems, software, and services. As the first commercial supplier of quantum computers, D-Wave uniquely develops both quantum annealing and gate-model quantum computers, targeting real-world industrial and research applications. With systems available both via cloud and on-premises, D-Wave’s technology addresses optimization, artificial intelligence, and complex research challenges. Founded in 1999 and headquartered in Palo Alto, California, th ...

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) is recognized for its development of quantum computing systems, software, and cloud services that integrate quantum and classical computing for complex problem-solving [1] - Jim Cramer highlighted QBTS during a stock analysis segment, noting the competitive landscape with IBM and Google as the leading players in quantum technology [1] - Cramer expressed a speculative interest in QBTS, suggesting it could be a worthwhile investment for those looking to explore quantum computing opportunities [1] Company Overview - D-Wave Quantum Inc. focuses on quantum computing, offering systems and services that aim to solve complex problems through a combination of quantum and classical computing [1] - The company is positioned in a competitive market, with major competitors like IBM and Google leading advancements in quantum technology [1] Market Context - The discussion around QBTS reflects a broader interest in quantum computing, particularly in the context of national competitiveness and technological leadership, especially concerning China [1] - Cramer’s commentary indicates a growing interest in quantum technologies among investors, despite the dominance of established players like IBM and Google [1]

Shares of Rigetti Computing Inc. (NASDAQ:RGTI) slipped Monday after B. Riley Securities analyst Craig Ellis downgraded the stock from Buy to Neutral, even as he raised the price forecast from $35 to $42.The pullback follows a recent rally fueled by speculation that the U.S. Commerce Department was considering taking equity stakes in key quantum computing firms, including Rigetti, to bolster national security.Although the department later clarified it was not engaged in active talks, the report had already s ...

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) is recognized as a notable stock in the quantum computing sector, with potential for significant investment interest [1][2] - The company develops quantum computing systems, software, and cloud services aimed at business applications [2] Group 1 - Jim Cramer highlighted D-Wave as a speculative investment option among his top holdings, suggesting that it could provide unique opportunities in the quantum space [1] - Cramer acknowledged that while D-Wave is a strong player in quantum computing, IBM and Google are considered the leading companies in this field [1] - The article suggests that while D-Wave has potential, certain AI stocks may offer better upside potential with less downside risk [2]

Core Insights - The tech sector is experiencing significant growth driven by investments in artificial intelligence (AI), with expectations of adding trillions in economic value over the coming decades [2] - The Nasdaq Composite has outperformed other major indices, with year-to-date increases of 17%, compared to 13% for the Dow and 8% for the S&P 500 [1] Company Summaries IonQ - IonQ is projected to achieve a revenue growth of 112% in 2025 and 87% in 2026, focusing on quantum computing systems offered as a service through cloud platforms [5][4] - The company has a substantial patent portfolio, increasing from 35 to 1,060 patents in the last five years, positioning itself as a leader in the quantum computing industry [6] - IonQ's current market cap is approximately $19 billion, with expected revenue of $91 million this year, indicating a high valuation relative to its revenue [8][9] Iren Limited - Iren Limited is expected to see revenue growth of 130% in 2025 and 126% in 2026, potentially increasing its revenue from $497 million to nearly $2.5 billion [13] - The company is transitioning from Bitcoin mining to providing data centers for high-performance computing and AI, capitalizing on the growing demand for data center capacity [12][16] - Iren's market cap is around $14 billion, and it possesses the infrastructure and resources to compete with major players in the AI data center market [14][17]

Core Insights - Quantum computing is emerging as a significant investment sector, with two main strategies: investing in legacy tech companies like Alphabet or in pure plays like Rigetti Computing [1][2] Company Analysis - Rigetti Computing has seen its stock price more than triple since the beginning of September, indicating strong market interest and momentum [3] - Recent contract wins for Rigetti include a $5.8 million contract with the Air Force Research Lab and two purchase orders totaling $5.7 million for quantum computing systems, showcasing rising demand and competitive offerings [4][5] - The market has responded positively to Rigetti's announcements, contrasting with Alphabet's relative silence on quantum technology developments since its Willow chip breakthrough last December [6][7]

Quantum computing stocks have popped recently. The once-obscure tech is having a moment as it moves out of the lab and into the real world. Recent sales announced by a key company have sparked new bullish sentiment around quantum stocks. If you think AI is complicated, just take a look at the world of quantum computing. Once viewed as a technological black box, investors have warmed to quantum as the once-obscure technology has moved out of the lab and into the real world. Much of the latest rall ...