Quantum Computing News: D-Wave (QBTS) Targets $5M ROI, BofA Sees Breakthrough Potential, JPM Overhauls Research Leadership
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D-Wave Quantum Inc. Survey Shows Growing Business Appetite
D-Wave Quantum Inc. (QBTS) published results from a new study of 400 global business leaders showing 81% believe they've hit the limits of classical computing. 53% plan to integrate quantum optimization within two years, and 46% expect $1 million to $5 million in return on investment (ROI) within 12 months. Manufacturing, logistics, and planning were named as top use cases. While concerns remain over in-house expertise and demonstrating ROI, 85% of respondents said their company risks becoming less competitive without adopting quantum computing. Shares of QBTS rose by more than 10% in the last five days of trading.
Bank of America Flags Quantum as 'Transformative,' but No Quantum Coverage for Now
In a report on next-gen computing, Bank of America called quantum one of the most transformative technologies of the coming decade, with potential to reshape finance, cybersecurity, healthcare, and logistics. However, the firm has not initiated coverage on any quantum stocks, citing technical fragility and commercialization hurdles. The report noted that quantum computing could complement artificial intelligence to unlock trillions of dollars in untapped data value, especially in fields such as drug discovery and materials science. The bank expects practical milestones between 2030 and 2033.
Congress Hears the Quantum Pitch at QED-C Showcase
The Quantum Economic Development Consortium (QED-C) hosted its second Capitol Hill showcase, featuring 26 companies, including Alphabet's Google (GOOG), Microsoft (MSFT), D-Wave Quantum Inc., IonQ Inc. (IONQ), and Rigetti Computing Inc. (RGTI), which demonstrated real-world applications. Senior officials from the Department of Energy and National Science Foundation joined members of Congress in supporting expanded investment and reauthorization of the National Quantum Initiative. The event emphasized national security, industrial innovation, and the role of U.S. leadership in quantum technologies.
JPMorgan Chase Reshuffles Quantum Research Leadership
According to a CNBC report, JPMorgan Chase (JPM) has replaced the head of its Global Technology Applied Research (GTAR) group, which oversees quantum computing and other emerging technologies. Marco Pistoia, who joined the firm in 2020 and was a central figure in its quantum research efforts, has departed. He will be succeeded by Rob Otter, most recently the global head of digital and quantum technology at State Street. Otter previously led JPMorgan's blockchain unit, Onyx, and brings experience from Barclays, Credit Suisse, and Goldman Sachs (GS). The firm's GTAR group has explored quantum applications across secure communications, risk modeling, and optimization. JPMorgan is an investor in Quantinuum and has collaborated with IBM (IBM) and others on research initiatives. The leadership change may reflect a broader strategic refresh as the firm deepens its investments in next-gen computing.
TipRanks users following stocks like IonQ, Rigetti Computing, and D-Wave Quantum Inc. may want to monitor policy developments, adoption trends, and enterprise signals, as these companies compete to commercialize their early-stage platforms.
Using TipRanks' Comparison Tool, we've brought together some of the most prominent stocks in the quantum space to see how they stack up. It's a quick way for investors to get a clearer view of each company's position, and a better sense of where the industry is headed overall.
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