Three Essential Strategies D-Wave Is Using to Gain an Edge in Quantum Computing

Written by Emily J. Thompson, Senior Investment Analyst

Source: Marketbeat

Updated: 3d ago

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Source: Marketbeat

D-Wave's Market Position: D-Wave Quantum Inc. has seen a significant increase in its share price, rising over 358% in the past year, as it aims to establish itself as a leading player in the quantum computing sector, competing against firms like IonQ and Rigetti Computing.
Recent Developments: The company has made notable advancements, including entering the gate-model arena and achieving the first scalable on-chip cryogenic control of qubits, positioning itself as a strong competitor in the quantum technology market.
Acquisition and Future Plans: D-Wave's recent acquisition of Quantum Circuits Inc. for $550 million is expected to accelerate its development of gate-model systems and expand its product offerings, with plans to introduce new products and services to the market by 2026.
Investor Sentiment: Despite its high valuation relative to sales, D-Wave maintains a moderate buy rating among analysts, indicating a speculative investment status, while the delay in Rigetti's product launch may present new opportunities for D-Wave to capture market share.

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.