D-Wave Quantum

D-Wave Quantum is regarded as a leading provider of commercial quantum computing systems and leverages both annealing and gate-model technologies. The company has a final agreement for funding of up to $100 million, a backlog of around $40 million, and recorded 59% bookings growth in the second quarter. The stock rose sharply on September 8 after the operational progress. » Mere på finanzen.net

D-Wave Quantum stock rose about 9.2% after the company announced it will host the Qubits Asia 2026 user conference in Seoul on Oct. 28, showcasing production applications, APAC customer momentum and advances in annealing and gate-model technologies. Analysts warn the rally may be an overreaction given D-Wave's unprofitable status, $546 million cash balance and forecasts of continued losses through 2030. The company is projected to burn more than $560 million over the next five years, suggesting conferences alone are unlikely to address its structural profitability challenges. » Mere på finance.yahoo.com

The US government is investing under the CHIPS and Science Act and has secured a non-controlling minority stake in D-Wave Quantum. D-Wave will use the funds to advance development of an annealing machine with up to 100,000 qubits and a gate-model system with 10,000 qubits, aiming to strengthen domestic manufacturing and supply chains. The announcement briefly pushed the stock price sharply higher. At the same time, Rigetti and Quantinuum each received $100 million, while GlobalFoundries reached a separate agreement to support mass production of quantum hardware. » Mere på finanzen.net