Latest news with #D-Wave
Yahoo
5 hours ago
- Business
- Yahoo
IBN Coverage: D-Wave Quantum (NYSE: QBTS) Raises $400 Million Through Equity Offering
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - July 2, 2025 (NEWMEDIAWIRE) - D-Wave Quantum (NYSE: QBTS) ("D-Wave"), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, has completed sales of $400 million in gross proceeds of its common stock under its previously disclosed "at-the-market" ("ATM") equity offering program. The program, which ran from June 11 to June 27, closed at an average share price of $15.18. This represents a 149% premium over the $6.10 average share price for the sales under the company's prior $150 million ATM program completed in January. The Company intends to use the proceeds from this financing primarily for strategic acquisitions and general corporate purposes including additional working capital and capital expenditures. "With what we believe to be the strongest balance sheet of any public, independent quantum computing company, we intend to invest in acquisitions and programs that will enable us to expand our already significant lead as the only commercial quantum computing company with applications in production," said Dr. Alan Baratz, CEO of D-Wave. To view the full press release, visit About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to QBTS are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBNLos Angeles, OfficeEditor@ View the original release on Sign in to access your portfolio
Yahoo
7 hours ago
- Business
- Yahoo
Meet the Monster Quantum Computing Stock That Continues to Crush IonQ, Rigetti Computing, and Nvidia
Many megacap technology companies such as Nvidia, Amazon, Alphabet, IBM, and Microsoft are developing quantum computing technology. However, emerging names such as IonQ and Rigetti Computing seem to fetch most of the attention when it comes to quantum computing stocks. Shares of D-Wave Quantum have outperformed many of its peers so far this year, making it an interesting opportunity right now. 10 stocks we like better than D-Wave Quantum › Over the last couple of years, investors have witnessed a sharp rise in certain pockets of the technology realm thanks to rising interest in artificial intelligence (AI). Companies operating across industries such as semiconductors, enterprise software, and cloud computing have been particular beneficiaries of AI investment so far. Within the last year, however, quantum computing stocks have started to emerge as a new trend fueling the AI revolution. IonQ, Rigetti Computing, and even Nvidia are common names surrounding the quantum computing narrative. However, what if I told you there is another quantum computing stock that has outperformed all three of the leaders above? As of the closing bell on June 27, shares of D-Wave Quantum (NYSE: QBTS) have gained 67% so far this year -- absolutely trouncing the performances of its peers. Let's explore the driving force behind D-Wave's monster price action and assess if now is a good opportunity to scoop up some shares. While quantum computing is not yet widely commercialized, technology enthusiasts have become interested in its development due to its advantages over classic computers. Quantum computers are believed to possess superior processing power compared to today's most sophisticated computers. In theory, this could lead to greater efficiency advantages in solving complex problems across industries such as energy, financial services, and pharmaceuticals. Global management consulting firm McKinsey & Company estimates that quantum computing could generate $1.3 trillion in economic value by the middle of next decade. Considering that the world's largest AI developers such as Alphabet, Microsoft, Amazon, IBM, and Nvidia are all building quantum computing hardware and software, I'm optimistic that the opportunity could be quite lucrative in the long run. The charts below illustrate growth in D-Wave's revenue and cash balance over the last year. As indicated by the steep slope of each line, D-Wave's growth appears to be hitting a new stride. With first-quarter revenue soaring by 509% year over year and ample cash on the balance sheet, I suspect some investors are looking past some subtle nuances from the financial profile above and pouring into D-Wave stock. Smart investors understand this magnitude of growth is less impressive considering D-Wave only generated $15 million of sales during the quarter. With that in mind, it becomes clear that the majority of D-Wave's revenue base over the last 12 months was concentrated in a single quarter. To me, this makes the company's ongoing trajectory somewhat uncertain and potentially lumpy given the lack of scale D-Wave has achieved so far. Moreover, despite its small revenue figures, D-Wave's cash balance skyrocketed by about $126 million during the first quarter. Per the company's 10Q filing, D-Wave raised this capital through an at-the-money (ATM) offering. Another way of looking at this is that D-Wave is not yet generating profitability that it can reinvest back into the business. Rather, the company is taking advantage of its rising stock price by issuing new shares at an inflated valuation in order to raise capital. As of this writing, D-Wave boasts a market capitalization of roughly $4.5 billion. Given the company's trailing-12-month sales of just $21 million, this implies that D-Wave trades for a price-to-sales (P/S) multiple of about 150. As the chart below illustrates, D-Wave's P/S ratio is roughly 4 times higher than some of the peak multiples investors witnessed in names such as Amazon and Cisco during the dot-com bubble in the late 1990s. Not only do I think D-Wave's valuation is unsustainable, but management may think so, too. According to recent filings, D-Wave is considering raising an additional $400 million through subsequent stock issuances. In my eyes, a move like this could suggest that management understands that the company's stock is overbought, and therefore is willing to dilute shareholders in order to take advantage of a frothy, overstretched valuation to raise additional funds. While I understand the excitement surrounding quantum computing, I think shares of D-Wave Quantum have gotten ahead of themselves. The company is trading for a premium valuation, despite being a highly speculative opportunity at this time. I would pass on investing in D-Wave Quantum stock right now and instead opt for more established companies with strong footholds in the AI landscape. Before you buy stock in D-Wave Quantum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and D-Wave Quantum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adam Spatacco has positions in Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Cisco Systems, International Business Machines, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Meet the Monster Quantum Computing Stock That Continues to Crush IonQ, Rigetti Computing, and Nvidia was originally published by The Motley Fool
Yahoo
a day ago
- Business
- Yahoo
Rigetti vs. D-Wave: Which Quantum Computing Stock Has Better Prospects?
As quantum computing evolves from theory to commercialization, two distinct visions are emerging. Rigetti Computing RGTI and D-Wave Quantum Inc. QBTS represent divergent paths toward unlocking quantum advantage. Rigetti focuses on gate-based quantum systems, emphasizing modular superconducting qubit architectures for universal quantum computing. In contrast, D-Wave pioneers quantum annealing, a near-term, optimization-first approach that is already being used in real-world applications. Both companies are advancing quantum adoption through innovation, strategic partnerships, and platform accessibility. Yet their technological bets, business models, and scaling roadmaps differ sharply. This faceoff compares Rigetti and D-Wave in terms of technology, commercial strategy, and long-term growth prospects, helping investors determine which stock better aligns with the future of quantum computing. Shares of Rigetti have plunged 22.3%, while QBTS stock has gained 74.2% in the year-to-date period. Image Source: Zacks Investment Research From a valuation standpoint, RGTI looks slightly more attractive than QBTS. According to the price-to-book ratio, Rigetti's shares currently trade at 16.43, which is lower than D-Wave's 18.82. Image Source: Zacks Investment Research Rigetti is building universal, gate-based quantum computers using superconducting qubits, currently operating the 84-qubit Ankaa-3 system with 99.5% two-qubit fidelity. Its modular architecture enables future chip interconnectivity, while its AI-assisted calibration and proprietary ABAA fabrication process aim to reduce errors and scale up qubit count. Rigetti aims to launch a 108-qubit system by late 2025, with a focus on long-term applications in machine learning, optimization, and materials science. D-Wave's quantum annealing systems are specialized for solving complex optimization problems. Its Advantage2 processor supports over 5,000 qubits, with the company now introducing gate-model quantum capabilities as part of a hybrid roadmap. While annealing is not universal, it is commercially available today, with enterprise use cases in logistics, supply chains, and finance. D-Wave's emphasis is on quantum-hybrid workflows that integrate classical solvers with quantum accelerators. Rigetti operates as a niche hardware innovator, focusing on the development of universal gate-based quantum processors. Its vertically integrated model allows Rigetti to control every aspect of quantum chip design, fabrication, testing, and deployment through its Fab-1 facility. Revenue is primarily generated through its Quantum Cloud Services (QCS) platform, which offers researchers and developers direct access to Rigetti's systems via integrations with Amazon Braket and Microsoft Azure Quantum. Rigetti also partners with government labs, universities, and select enterprises in long-term R&D collaborations. While its customer base is narrower, the company positions itself as a highly specialized enabler for those looking to experiment and build upon modular, gate-based systems. Its business model is long-term by nature, dependent on scientific breakthroughs and hardware scaling milestones rather than immediate commercial wins. D-Wave, in contrast, positions itself as a solution-oriented service provider. Its model emphasizes accessibility and near-term application of quantum technology through its Leap quantum cloud platform, which supports both quantum annealing and hybrid quantum-classical solutions. Unlike Rigetti, D-Wave's revenue streams are more diversified, including quantum application consulting, enterprise contracts, and platform subscriptions. The company targets large-scale industries, including logistics, automotive, aerospace, and finance, by offering ready-to-deploy quantum optimization solutions that seamlessly integrate into existing workflows. Notably, D-Wave already counts major clients like Volkswagen, Mastercard, and Lockheed Martin, validating its commercial-first approach. While its quantum annealing model isn't universal, it provides tangible value today, making its business model more usage-driven and enterprise-focused compared to Rigetti's research-driven path. Rigetti's growth hinges on advancing hardware scalability, doubling qubit counts, and improving fidelity through AI-assisted system calibration and fabrication improvements. The company's $250M Quanta partnership aims to boost chip production and cloud-based access. Rigetti is also increasingly leaning into hybrid workflows and AI integration to attract broader developer communities. D-Wave is expanding its customer base and hybrid capabilities while building toward a universal gate-based system to complement its annealing core. Its growth strategy includes government collaborations, quantum application consulting, and expanding enterprise use cases for its Leap platform. While near-term revenue is driven by annealing, its move toward gate-based systems signals a strategic pivot to stay relevant in future quantum benchmarks. The Zacks Consensus Estimate for RGTI's 2025 sales implies a year-over-year decline of 18.63%. For 2025, the loss per share is projected to be 5 cents compared with 36 cents a year ago. The earnings estimates have been trending upward over the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for QBTS' 2025 sales and earnings implies year-over-year growth of 183.4% and 72%, respectively. The earnings estimates have been trending upward over the past 60 days. Image Source: Zacks Investment Research Both Rigetti and D-Wave are pioneering distinct approaches in the quantum computing race—one focusing on gate-based universality, the other delivering real-world value through quantum annealing. Rigetti currently holds a Zacks Rank #4 (Sell), signaling weaker near-term sentiment despite a solid Growth Score of 'B' that reflects its technical roadmap and potential upside. D-Wave, by contrast, carries a Zacks Rank #2 (Buy) and a Growth Score of 'C', underpinned by strong sales momentum and a diversified commercial strategy. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. While Rigetti remains a promising deep-tech innovator targeting long-term breakthroughs, D-Wave's enterprise traction, revenue visibility, and hybrid quantum roadmap position it as the more favorable pick for investors seeking exposure to quantum computing with nearer-term commercial potential. 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 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 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
Business Wire
2 days ago
- Business
- Business Wire
D-Wave Announces Successful Completion of $400 Million At-the-Market Equity Offering
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 successfully completed sales of $400 million in gross proceeds of its common stock pursuant to its previously disclosed $400 million "at-the-market" equity offering program (the 'ATM Program'). The $400 million ATM Program, that commenced on June 11th and ended on June 27th, was completed at an average price per share of $15.18. This average price represents a $9.08 or 149% premium to the $6.10 average price per share of the most recent $150M ATM Program that was completed in January of this year. The proceeds from this offering bring the Company's current cash balance to approximately $815 million. The Company intends to use the proceeds from this financing primarily for strategic acquisitions and general corporate purposes including additional working capital and capital expenditures. 'With what we believe to be the strongest balance sheet of any public, independent quantum computing company, we intend to invest in acquisitions and programs that will enable us to expand our already significant lead as the only commercial quantum computing company with applications in production,' said Dr. Alan Baratz, CEO of D-Wave. About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
Yahoo
25-06-2025
- Business
- Yahoo
D-Wave Quantum Partners with South Korea to Advance Quantum Computing
D-Wave Quantum Inc. (NYSE:QBTS) is one of the best-performing NYSE stocks to buy now. On June 17, D-Wave Quantum announced the signing of a Memorandum of Understanding/MOU with Yonsei University and Incheon Metropolitan City in South Korea. The agreement aims to accelerate the adoption of quantum computing in the region to support South Korea's ambition to become a global quantum technology hub. The MOU outlines a collaborative effort focused on mutual research, talent development, and the exploration of quantum computing. A key aspect of the collaboration is to facilitate the acquisition of a D-Wave Advantage2 quantum system at the Yonsei University International Campus in Songdo, Yeonsu-gu, Incheon. The Advantage2 system is D-Wave's sixth-generation annealing quantum computer and features over 4,400 qubits, 20-way connectivity, and improvements in energy scale and noise reduction. A modern computer datacenter, running an advanced quantum computer system. D-Wave is recognized as the world's first commercial supplier of quantum computers. The company's quantum systems are available on-premises or via the cloud with 99.9% availability and uptime, and have processed over 200 million problems to date. More than 100 organizations currently utilize D-Wave's technology. Yonsei University also constructed its Quantum Convergence Research Center in February 2025 and established a Yonsei Quantum Complex for quantum education and research. D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services worldwide. While we acknowledge the potential of QBTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
