Latest news with #D-WaveQuantum
Business Insider
4 days ago
- Business
- Business Insider
‘Hold Your Horses,' Says Top Investor About D-Wave Stock
D-Wave Quantum (NYSE:QBTS) is riding the wave of quantum computing enthusiasm, an industry built on the promise of unprecedented processing power, even if the road to commercial viability is still a work in progress. But Wall Street rarely waits for certainty. Investors have embraced the hype, and D-Wave stands out as a prime beneficiary, racking up gains of 90% in 2025 and an eye-popping 1,300% over the past year. Confident Investing Starts Here: While other players in the cohort have also been on strong runs, D-Wave's approach differs from what most others are doing. Rather than relying on the 'gate model' of quantum computing, which resembles the way traditional computers operate, they use a technique called quantum annealing. This method is thought to be better suited for tackling complex optimization challenges, like finding the most efficient delivery routes or enhancing manufacturing processes. This, says top investor Michael Wiggins De Oliveira, is what the bull case rests on. The challenge here, though, is proving that D-Wave's quantum computers can effectively solve practical problems. To this end, they're partnering with companies like Ford to improve efficiency in car manufacturing. At the same time, D-Wave has introduced its newest Advantage2 system, offering significant improvements in speed and accuracy. Beyond manufacturing, the tech is gaining interest in fields like blockchain, where it has the potential to greatly reduce energy consumption and enhance machine learning capabilities. 'Essentially,' the 5-star investor goes on to add, 'the point is that it's very early in the story, but there are some tangible signs that point to growing demand.' But the key here for De Oliveira might be that it is 'very early in the story.' Moreover, sales growth over the near term will likely take a bit of a hit. Back in 4Q24, the company had forecasted a major sale for 1Q25. Now that this sale has passed, investors could be wondering what comes next. Currently, over 80% of D-Wave's first-quarter revenue came from sales of its Advantage2 hardware. Unless the company secures another large deal soon, its impressive growth (over 500% year-over-year in Q1) is likely to slow dramatically, dropping to under 30% growth y/y. That's not to say the stock can't climb further. Other past bubbles – clean energy, cannabis, meme stocks – have shown that it is possible. 'With real tech, enterprise traction, and a shot at commercial quantum supremacy, it's not hard to imagine its stock reaching unprecedented heights if momentum kicks in,' De Oliveira went on to say. Still, the real question is whether that's a risk worth taking. At today's valuation, De Oliveira seems to think the answer is no. 'I'm impressed by D-Wave's traction and potential, but I'm not ready to chase the stock at 130x forward sales,' the investor summed up. Accordingly, De Oliveira rates QBTS shares a Hold (i.e., Neutral). (To watch De Oliveira's track record, click here) The Street's analysts, however, unanimously disagree; based on Buys only – 6, in total – the stock claims a Strong Buy consensus rating. That said, the $14.20 average target factors in a one-year slide of 11%. It will be interesting to see whether analysts update their targets shortly. (See QBTS stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
14-06-2025
- Business
- Business Insider
D-Wave Quantum price target raised to $18 from $12 at Roth Capital
Roth Capital raised the firm's price target on D-Wave Quantum (QBTS) to $18 from $12 and keeps a Buy rating on the shares. The firm believes D-Wave has gained customer market interest in recent months and in doing so is expanding its revenue potential across both hosted service and hardware sale opportunities. Roth expects both commercial and AI-related customer interest to intensify in the coming quarters. Confident Investing Starts Here:
Yahoo
13-06-2025
- Business
- Yahoo
D-Wave Quantum (QBTS) Drops on Profit-Taking
We recently published a list of . D-Wave Quantum Inc. (NYSE:QBTS) is one of the worst-performing stocks on Thursday. D-Wave Quantum dropped its share prices by 3.33 percent at intraday trading on Thursday, as investors continued to book profits following Nvidia Corp. CEO Jensen Huang's optimistic comments about the quantum computing industry. At a conference in Paris on Wednesday, Huang said that quantum computing was reaching an inflection point, sparking an intraday rally among quantum computing stocks before slight profit-taking pulled their share prices back. A modern computer datacenter, running an advanced quantum computer system. According to Huang, the world is within reach of being able to use quantum computers to be applied in areas and solve interesting problems in the coming years. In recent news, D-Wave Quantum Inc. (NYSE:QBTS) announced plans to raise as much as $400 million to fund general corporate purposes, including working capital, capital expenditures, and possible acquisitions and expansion plans. This followed another $95.8 million previously through the issuance of 8.33 million warrants at a price of $11.50 apiece. The warrants were assumed by D-Wave Quantum Inc. (NYSE:QBTS) in connection with its merger with DPCM Capital Inc., which was completed on August 5, 2022. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
12-06-2025
- Business
- Yahoo
The Zacks Analyst Blog Highlights D-Wave Quantum, IBM, IonQ and Rigetti Computing
Chicago, IL – June 12, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: D-Wave Quantum QBTS, International Business Machines Corp.'s IBM, IonQ IONQ and Rigetti Computing RGTI. Here are highlights from Wednesday's Analyst Blog: Shares of D-Wave Quantum have captured the spotlight over the past year, soaring an astounding 1359.5%. This rally has been fueled by accelerating demand for quantum technology, broader AI-driven infrastructure boom and the company's robust quarterly results. However, International Business Machines Corp.'s entry into the next phase of quantum computing with its yesterday's announcement of IBM Quantum Starling, a large-scale, fault-tolerant quantum computer projected to perform 20,000 times more operations than today's machines, may signal a new competitive threat within this niche. IBM's roadmap includes tangible plans to deliver fault tolerance and modular scalability by the end of the decade. Big Blue's latest move, while showcasing its long-term ambition to lead in enterprise quantum solutions, also raises concerns for smaller players like QBTS. With IBM's renewed push, the quantum race is heating up. Investors must now reassess whether D-Wave Quantum's fundamentals and growth strategies reflect sustainable leadership or if recent gains could prove overextended amid escalating competitive pressure. Let's find out. Quantum Supremacy Fuels Confidence: D-Wave Quantum's first-quarter 2025 achievement of quantum computational supremacy on a real-world materials science problem is now published in Science. Using its 1,200-qubit Advantage2 prototype, the company solved a problem in minutes that would take a top-tier classical supercomputer nearly a million years, consuming more energy than the world produces in a year. This validation separates D-Wave from peers like IonQ and Rigetti Computing, which are yet to demonstrate superiority on commercially relevant tasks. Competitive Advantage of Annealing Quantum Computing: D-Wave works on annealing quantum computing, a branch of quantum computing optimized for combinatorial and optimization problems. Unlike rivals focused on gate-based models that are still stuck in development cycles, D-Wave's systems are built for immediate deployment. Its growing body of production applications supports this. Strong Cash Position Supports Path to Profitability: D-Wave Quantum exited the first quarter of 2025 with a record-high consolidated cash balance of $304.3 million, significantly enhanced by $146.2 million in net proceeds raised through its third At-The-Market (ATM) offering during the quarter. Management now believes this cash position is sufficient to fund operations through to profitability, solidifying D-Wave's standing as one of the most capital-efficient companies in the quantum computing space. Technical indicators suggest continued strong performance for D-Wave Quantum. Notably, the 50-day SMA continues to read higher than the 200-day SMA, signaling a bullish trend. This technical strength underscores positive market sentiment and confidence in QBTS' financial health and prospects. The Zacks Consensus Estimate for D-Wave Quantum's second-quarter and 2025 earnings implies 30% and 72% improvement, respectively, from the year-ago periods. As the only quantum computing company to demonstrate real-world quantum supremacy, validated by a peer-reviewed Science publication, D-Wave distinguishes itself from competitors like IonQ and Rigetti Computing, which remain focused on less mature gate-based systems with fewer commercial deployments. While IBM's investment in quantum might prove a threat for smaller companies, it also validates the opportunity D-Wave is already capitalizing on with its production-ready annealing solutions. Despite IBM's entry, D-Wave still has a long runway for growth. Backed by strong first-quarter 2025 results, rising enterprise adoption and a Zacks Rank #2 (Buy), QBTS offers more upside potential for long-term investors. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
12-06-2025
- Business
- Yahoo
Quantum stocks higher as Nvidia CEO sees ‘inflection point'
Quantum computing technology is at an inflection point, Nvidia (NVDA) CEO Jensen Huang told the VivaTech conference in Paris on Wednesday, adding that quantum computing will solve 'some interesting problems' in the coming years, Reuters' Supantha Mukherjee reported. The comments sound like a change in tone given that months ago Huang had offered his opinion that 'very useful' quantum computers are likely decades away. Shares of quantum computing stocks moving higher in early Wednesday trading following Huang's comments include D-Wave Quantum (QBTS), IonQ (IONQ), Rigetti Computing (RGTI) and Quantum Computing (QMCO). Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on QBTS: Disclaimer & DisclosureReport an Issue D-Wave enters agreement to sell up to $400M shares from time to time D-Wave Quantum Enters $400M Sales Agreement IBM Announces Plan to Build World's First Large-Scale Quantum Computer Trump Trade: U.S., China representatives to meet about trade D-Wave Quantum's Stock Surges Amid Strategic Moves Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
