Latest news with #quantumcomputing
Yahoo
an hour ago
- Business
- Yahoo
Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot
Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot originally appeared on TheStreet. When people talk about computing speed today, they think of Nvidia's () powerful GPUs, the gold standard for accelerating artificial intelligence. But there could be another quieter revolution gaining traction: quantum computing. 💵💰💰💵 Quantum computing's potential applications include portfolio optimization in finance and simulating complex chemical systems, tasks that today's most powerful supercomputers still struggle to solve. Still, the technology is years away from mass adoption. But Nvidia CEO Jensen Huang has recently struck a more optimistic tone on quantum computing. 'Quantum computing is reaching an inflection point,' he said at a conference on June 11. Classical computers process information in bits, and each bit is either a 0 or a 1. Quantum computers use qubits (quantum bits), which can be both 0 and 1 at the same time. This allows quantum computers to process vastly more possibilities at once. Think of a regular computer as a librarian, looking through books one by one to find the answer. Quantum computers, on the other hand, can look through all the books at once. "This means quantum computing may revolutionize our ability to solve problems that are hard to address with even the largest supercomputers," the U.S. Department of Energy noted that 'we are within reach' of applying quantum computers "in areas that can solve some interesting problems in the coming years.' This is a notable shift from Huang's earlier skepticism. He had previously said that a 15-year timeline for useful quantum computing was 'on the early side,' and that a 20-year horizon was more realistic. Those remarks triggered sharp declines in shares of quantum-focused companies like Quantum Computing Inc. () , IonQ () , and D-Wave Quantum () . This week, shares of Quantum Computing Inc. lost more than 11% as the firm sold approximately 14 million shares of common stock at $14.25 per share to institutional investors. The deal was announced on June 23 and closed on June 24, bringing the firm about $200 million. The firm said it intends to use the net proceeds from the sale to accelerate commercialization efforts, to engage in strategic acquisitions, and for working capital and general corporate purposes. The stock dropped after the dilution, but one Wall Street veteran is buying more shares on that dip. Stephen Guilfoyle, Wall Street's 30-year veteran analyst, said he added positions in Quantum Computing Inc. and D-Wave Quantum this week. He also unveils bold price targets for the two stocks, according to his note published on TheStreet Pro. 'In response to the sale and the diluted share price, on Monday morning ahead of the opening bell, I had added small to my existing long position and had also re-initiated a long position in key competitor D-Wave Quantum,' Guilfoyle wrote. 'Neither firm will report for almost two months.'Guilfoyle noted that Quantum Computing Inc. has burned through more than $65 million in cash over the past three years, and its latest $200 million capital raise — done at $14.25 per share — was priced well above where the stock traded just months ago. 'Apparently, despite the cash burn, and despite the fact that the shares traded $4.37 this year, some institutional investors are willing to pay for the shares,' he wrote. He now sees a new technical pivot for QUBT at $21.80 and has raised his price target to $27, citing healthy relative strength and a bullish technical setup. "Investors will have to digest the extra shares. That said, quantum computing stocks are momentum driven and do not trade on fundamentals," he added. More Nvidia: Analysts revamp forecast for Nvidia-backed AI stock Nvidia stock could surge after surprising Taiwan Semi news Nvidia CEO sends blunt 7-word message on quantum computing As for D-Wave, Guilfoyle believes the chart looks even better. He sees a pivot at $18.30, with a target of $23 if the rally continues. Both stocks have more than tripled from their March lows. On June 26, Quantum Computing Inc. closed at $16.79, and D-Wave Quantum finished at $14.06. Analyst sends bold message on quantum computing stocks after Nvidia CEO's pivot first appeared on TheStreet on Jun 27, 2025 This story was originally reported by TheStreet on Jun 27, 2025, where it first appeared.
Yahoo
3 hours ago
- Business
- Yahoo
Down 48%, Should You Buy the Dip on Rigetti Computing?
Rigetti Computing's stock is down 48% from its peak after a massive run-up in 2024. Competition is fierce, with giants like Google, IBM, and Nvidia in the mix. The company continues to raise cash by selling more shares, leading to significant shareholder dilution. 10 stocks we like better than Rigetti Computing › Quantum computing specialist Rigetti Computing (NASDAQ: RGTI) soared sky-high at the end of 2024, but gave back a lot of those gains in the first half of 2025. On June 25, the stock is trading 48% below January's peak prices. Will Rigetti's stock get a second wind someday soon, or could the price chart continue its retreat? Let's find out. Rigetti is no spring chicken. The company was founded in 2013 and delivered its first quantum computing services in the cloud four years later. Its systems rely on superconducting materials cooled nearly to absolute zero. It's a proven approach, but also a costly one with specialized materials managed by massive super-cooling machinery. Nobody expects quantum computers to take over every data-crunching task, even in the long run. Rigetti proposes a hybrid approach where digital computers continue to be the workhorses of everyday computing needs, but with the option to tap into quantum computers for certain workloads. So the company develops solutions across this stack of technologies, from quantum chips and systems to the old-school software that assigns quantum jobs and reads the results. Rigetti's management sees a huge long-term market in this integrated system philosophy. Last summer, management said that "practical quantum computing is poised to happen in the next few years and have significant commercial potential." A significant breakthrough in quantum computing error correction arrived five months later. Rigetti's stock soared from roughly $1 to more than $21 per share in five weeks, as investors saw a quick route to commercial applications. But the huge gains didn't last. Jensen Huang, the CEO of semiconductor giant (and quantum-to-digital software developer) Nvidia (NASDAQ: NVDA) said that practical quantum systems could be 20 years away. Huang tried to backtrack from that statement, but the market-moving effects held firm anyway. At this point, Wall Street seems to have settled on a compromise between Rigetti's quick plans and Nvidia's long-term view. Despite losing approximately half of its peak gains, Rigetti's stock is still up tenfold over the last year. Unfortunately, Rigetti runs an expensive business model with minimal sales and deep financial losses. The company reported $10.8 million of revenue in 2024, down from $12 million in 2023. Net losses nearly tripled in the same time span, from $75 million to $201 million. The soaring stock price played a large part in the loss calculations, as the fair value of Rigetti's stock-based financial instruments soared. That's a taxable expense. And of course, Rigetti spent $50 million on research and development plus $24 million on selling, general, and administrative expenses -- again, based on $10 million in full-year sales. Furthermore, Rigetti isn't the only name in the quantum computing game. The game-changing error correction that sparked last year's boom? That was an achievement from Google Quantum AI, a group in the Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) tech empire. Rigetti lists Google, IBM (NYSE: IBM), and the Chinese government as direct rivals using similar superconducting techniques. And you already know that Nvidia competes with Rigetti's digital-to-quantum control and reporting software. This small and cash-burning company faces challenges from some of the largest, richest, and most innovative companies in the world. Rigetti keeps the lights on by selling more stock, sometimes on the open market and sometimes in direct offerings to private investors. It's an effective cash-raising strategy, but Rigetti's existing investors see massive dilution along the way. The share count is up by 61.7% over the last year: Rigetti's stock returns took some damage from dilution, but the chart above still shows a 52-week return of more than 1,100%. Cry me a river, right? That's great as long as the stock is soaring, but Rigetti's share price often shows big drops between the sudden jumps. Go back to June 2024 and look at the two-year chart at that point. You'll see a very different story: The stock sales continued while share prices dropped 76% lower. I expect Rigetti to continue raising cash on the open market, no matter where the chart is going next. Based on the company's unprofitable operations, lofty valuation, and well-heeled rivals, investors are probably looking at another lengthy downturn. Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rigetti Computing 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 $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% 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 23, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Anders Bylund has positions in Alphabet, International Business Machines, and Nvidia. The Motley Fool has positions in and recommends Alphabet, International Business Machines, and Nvidia. The Motley Fool has a disclosure policy. Down 48%, Should You Buy the Dip on Rigetti Computing? was originally published by The Motley Fool 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
Yahoo
7 hours ago
- Business
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Central Plains Bancshares Full Year 2025 Earnings: EPS: US$0.96 (vs US$2.19 in FY 2024)
Revenue: US$18.9m (up 9.6% from FY 2024). Net income: US$3.65m (down 2.8% from FY 2024). Profit margin: 19% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. EPS: US$0.96 (down from US$2.19 in FY 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Net interest margin (NIM): 3.56% (up from 3.36% in FY 2024). Non-performing loans: 0.36% (up from 0.17% in FY 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Central Plains Bancshares' share price is broadly unchanged from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Central Plains Bancshares, and understanding it should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
7 hours ago
- Business
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Surf Air Mobility Inc.'s (NYSE:SRFM) largest shareholders are individual investors who were rewarded as market cap surged US$75m last week
Significant control over Surf Air Mobility by individual investors implies that the general public has more power to influence management and governance-related decisions The top 7 shareholders own 50% of the company Insiders have sold recently This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To get a sense of who is truly in control of Surf Air Mobility Inc. (NYSE:SRFM), it is important to understand the ownership structure of the business. With 24% stake, individual investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Clearly, individual investors benefitted the most after the company's market cap rose by US$75m last week. Let's delve deeper into each type of owner of Surf Air Mobility, beginning with the chart below. View our latest analysis for Surf Air Mobility Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Surf Air Mobility does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Surf Air Mobility's earnings history below. Of course, the future is what really matters. It looks like hedge funds own 5.1% of Surf Air Mobility shares. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Palantir Technologies Inc. is currently the largest shareholder, with 23% of shares outstanding. With 9.2% and 8.1% of the shares outstanding respectively, Sabby Management, LLC and Liam Fayed are the second and third largest shareholders. Furthermore, CEO Deanna White is the owner of 1.2% of the company's shares. We did some more digging and found that 7 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in Surf Air Mobility Inc.. It has a market capitalization of just US$117m, and insiders have US$10m worth of shares, in their own names. This shows at least some alignment, but we usually like to see larger insider holdings. You can click here to see if those insiders have been buying or selling. With a 24% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Surf Air Mobility. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. We can see that public companies hold 13% of the Surf Air Mobility shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership. It's always worth thinking about the different groups who own shares in a company. But to understand Surf Air Mobility better, we need to consider many other factors. Be aware that Surf Air Mobility is showing 5 warning signs in our investment analysis , and 3 of those make us uncomfortable... But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
Yahoo
9 hours ago
- Business
- Yahoo
Those who invested in AbbVie (NYSE:ABBV) five years ago are up 126%
It hasn't been the best quarter for AbbVie Inc. (NYSE:ABBV) shareholders, since the share price has fallen 11% in that time. But at least the stock is up over the last five years. However we are not very impressed because the share price is only up 84%, less than the market return of 102%. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During five years of share price growth, AbbVie actually saw its EPS drop 16% per year. This means it's unlikely the market is judging the company based on earnings growth. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. On the other hand, AbbVie's revenue is growing nicely, at a compound rate of 6.2% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). AbbVie is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. If you are thinking of buying or selling AbbVie stock, you should check out this free report showing analyst consensus estimates for future profits. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of AbbVie, it has a TSR of 126% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! AbbVie provided a TSR of 10% over the last twelve months. But that return falls short of the market. If we look back over five years, the returns are even better, coming in at 18% per year for five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. It's always interesting to track share price performance over the longer term. But to understand AbbVie better, we need to consider many other factors. Case in point: We've spotted 5 warning signs for AbbVie you should be aware of. We will like AbbVie better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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
