D-Wave Quantum Secures U.S. Funding for Quantum Computing Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: seekingalpha
- Project Funding: D-Wave's subsidiary Quantum Circuits has received second-year funding for a U.S.-backed quantum computing project aimed at improving materials for superconducting qubits through scalable fabrication methods, highlighting the significance of quantum computing in microelectronics innovation.
- Funding Scale: The SQFab project is one of four selected by the U.S. Department of Defense through NORDTECH, collectively receiving over $25 million in second-year funding after demonstrating significant results in the design, fabrication, and characterization of key quantum computing components.
- Industry Collaboration: D-Wave CEO Alan Baratz noted that this award reflects the growing importance of quantum computing in advancing U.S. microelectronics innovation, with D-Wave collaborating with leading partners in the region to accelerate the development of scalable, high-impact quantum technologies.
- National Security Applications: This funding not only supports commercial applications but also emphasizes the potential applications of quantum technology in national security, further solidifying D-Wave's leadership position in the quantum computing sector.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy QBTS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 30.140
Low
35.00
Averages
40.67
High
48.00
Current: 30.140
Low
35.00
Averages
40.67
High
48.00
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Massive Investment: The U.S. government has recently invested a total of $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong governmental support that could accelerate industry growth.
- Order and Revenue Growth: Rigetti secured an $8.4 million order, D-Wave announced a record $33.4 million in bookings for Q1, and IBM partnered with the Department of Commerce to establish a new quantum wafer foundry, reflecting rising market demand for quantum computing.
- Impressive Sales Data: IonQ's revenue surged 755% in Q1, Rigetti's jumped 199%, and IBM achieved a respectable 9% increase, although D-Wave's revenue fell by 81%, the overall trend indicates significant industry potential.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and losses of companies like IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting investors should focus on IBM's stable performance.
See More
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Government Investment Scale: The U.S. government has recently invested over $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong support for quantum technology despite only IBM being profitable.
- Positive Market Reaction: Following the investment announcement, share prices of IBM, IonQ, D-Wave, and Rigetti Computing surged, reflecting market optimism about the potential of quantum computing, even as these companies continue to burn cash.
- Significant Sales Growth: IonQ's revenue soared 755% in Q1, Rigetti's jumped 199%, and IBM's increased by 9%, showcasing rapid development in the quantum computing sector, although D-Wave's revenue fell by 81%, highlighting disparities within the industry.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and ongoing losses of IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting that investors should proceed cautiously, with IBM viewed as a relatively safe investment option.
See More
Rigetti Computing Shares Surge 9.63% Amid Quantum Funding News
- Stock Surge: Rigetti Computing's shares rose by 9.63% to close at $27.03, extending gains from last week following news of U.S. government funding for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Volume Spike: Trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and activity in the quantum computing space.
- Positive Market Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, demonstrating rapid growth in the quantum computing industry that is attracting significant investor attention.
- Industry Potential: The Boston Consulting Group forecasts that the quantum computing market could create $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
Rigetti Computing Shares Surge Nearly 10% Amid Quantum Funding News
- Stock Performance: Rigetti Computing closed at $27.03 on Thursday, up 9.79%, driven by the U.S. government's funding program for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Surge in Trading Volume: The trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and active market participation in the quantum computing industry.
- Industry Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, particularly following the announcement of over $2 billion in grants to nine quantum firms, showcasing robust growth potential in the sector.
- Market Potential: The Boston Consulting Group forecasts that the quantum computing market could generate $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
Quantum Computing Stocks Insider Selling Raises Concerns
- Insider Selling Warning: Executives at IonQ, Rigetti, and D-Wave have collectively sold $931 million more in stock than they purchased over the past five years, indicating potential concerns about the companies' future prospects, which could undermine investor confidence.
- Market Performance Comparison: Despite quantum computing stocks boasting trailing returns of up to 6,217% over the past year, the ongoing insider selling behavior may suggest overvaluation, impacting the market's long-term outlook on the sector.
- Lack of Buying Interest: During the same period, insiders at IonQ spent only $3.35 million on company shares, with Rigetti and D-Wave's purchases even lower at $625,000 and $309,080 respectively, reflecting a lack of confidence in future growth.
- Valuation Bubble Risk: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting a potential risk of a market bubble burst.
See More
Quantum Computing Stocks Ignite Investor Excitement
- Insider Selling: Over the past five years, insiders at IonQ, Rigetti, and D-Wave have collectively sold approximately $931 million more in shares than they purchased, indicating concerns about the companies' future prospects despite the massive potential of the quantum computing market, projected to generate $850 billion in economic value by 2040.
- Overvalued Stocks: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting that market expectations for these early-stage companies may be overly optimistic, warranting caution from investors.
- Weak Insider Buying: During the same period, insiders at IonQ spent only $3.35 million on their company's shares, with even lower amounts for Rigetti and D-Wave at $625,000 and $309,080, respectively, reflecting a lack of confidence among executives regarding the companies' future performance.
- Historical Trend Warning: Over the past 30 years, many emerging trends have experienced bubble bursts, and with quantum computing still lacking widespread adoption, investors should be wary of potential market corrections, especially given the current high stock prices.
See More
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Massive Investment: The U.S. government has recently invested a total of $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong governmental support that could accelerate industry growth.
- Order and Revenue Growth: Rigetti secured an $8.4 million order, D-Wave announced a record $33.4 million in bookings for Q1, and IBM partnered with the Department of Commerce to establish a new quantum wafer foundry, reflecting rising market demand for quantum computing.
- Impressive Sales Data: IonQ's revenue surged 755% in Q1, Rigetti's jumped 199%, and IBM achieved a respectable 9% increase, although D-Wave's revenue fell by 81%, the overall trend indicates significant industry potential.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and losses of companies like IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting investors should focus on IBM's stable performance.
See More
U.S. Government Invests $2 Billion in Quantum Computing Firms
- Government Investment Scale: The U.S. government has recently invested over $2 billion in nine quantum computing companies, with IBM receiving half of the funding, indicating strong support for quantum technology despite only IBM being profitable.
- Positive Market Reaction: Following the investment announcement, share prices of IBM, IonQ, D-Wave, and Rigetti Computing surged, reflecting market optimism about the potential of quantum computing, even as these companies continue to burn cash.
- Significant Sales Growth: IonQ's revenue soared 755% in Q1, Rigetti's jumped 199%, and IBM's increased by 9%, showcasing rapid development in the quantum computing sector, although D-Wave's revenue fell by 81%, highlighting disparities within the industry.
- Investment Risk Advisory: While the quantum computing market is projected to reach $100 billion by 2035, the high price-to-sales ratios and ongoing losses of IonQ, Rigetti, and D-Wave present considerable investment risks, suggesting that investors should proceed cautiously, with IBM viewed as a relatively safe investment option.
See More
Rigetti Computing Shares Surge 9.63% Amid Quantum Funding News
- Stock Surge: Rigetti Computing's shares rose by 9.63% to close at $27.03, extending gains from last week following news of U.S. government funding for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Volume Spike: Trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and activity in the quantum computing space.
- Positive Market Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, demonstrating rapid growth in the quantum computing industry that is attracting significant investor attention.
- Industry Potential: The Boston Consulting Group forecasts that the quantum computing market could create $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
Rigetti Computing Shares Surge Nearly 10% Amid Quantum Funding News
- Stock Performance: Rigetti Computing closed at $27.03 on Thursday, up 9.79%, driven by the U.S. government's funding program for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
- Surge in Trading Volume: The trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and active market participation in the quantum computing industry.
- Industry Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, particularly following the announcement of over $2 billion in grants to nine quantum firms, showcasing robust growth potential in the sector.
- Market Potential: The Boston Consulting Group forecasts that the quantum computing market could generate $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
See More
Quantum Computing Stocks Insider Selling Raises Concerns
- Insider Selling Warning: Executives at IonQ, Rigetti, and D-Wave have collectively sold $931 million more in stock than they purchased over the past five years, indicating potential concerns about the companies' future prospects, which could undermine investor confidence.
- Market Performance Comparison: Despite quantum computing stocks boasting trailing returns of up to 6,217% over the past year, the ongoing insider selling behavior may suggest overvaluation, impacting the market's long-term outlook on the sector.
- Lack of Buying Interest: During the same period, insiders at IonQ spent only $3.35 million on company shares, with Rigetti and D-Wave's purchases even lower at $625,000 and $309,080 respectively, reflecting a lack of confidence in future growth.
- Valuation Bubble Risk: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting a potential risk of a market bubble burst.
See More
Quantum Computing Stocks Ignite Investor Excitement
- Insider Selling: Over the past five years, insiders at IonQ, Rigetti, and D-Wave have collectively sold approximately $931 million more in shares than they purchased, indicating concerns about the companies' future prospects despite the massive potential of the quantum computing market, projected to generate $850 billion in economic value by 2040.
- Overvalued Stocks: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting that market expectations for these early-stage companies may be overly optimistic, warranting caution from investors.
- Weak Insider Buying: During the same period, insiders at IonQ spent only $3.35 million on their company's shares, with even lower amounts for Rigetti and D-Wave at $625,000 and $309,080, respectively, reflecting a lack of confidence among executives regarding the companies' future performance.
- Historical Trend Warning: Over the past 30 years, many emerging trends have experienced bubble bursts, and with quantum computing still lacking widespread adoption, investors should be wary of potential market corrections, especially given the current high stock prices.
See More
