Artificial intelligence (AI) has been a game-changing growth driver for more than two years now. More recently, investors have embraced quantum computing as the Next Big Thing with wealth-building promise.
In 1999, a small graphics chipmaker called Nvidia (NASDAQ: NVDA) went public at $12 per share. Today, that same company stands as the world's most valuable semiconductor giant.
I am initiating a 'Buy' rating on D-Wave Quantum with a fair value of $11 per share due to its superior technology and potential in crypto mining. D-Wave's quantum computing technology could significantly reduce energy costs in cryptocurrency mining, accelerating the commercialization of quantum computers. The company's annealing and gate-model quantum computers provide unique advantages, with strong commercial applications and growing customer interest.
The quantum computing sector is experiencing a surge of excitement reminiscent of the early stages of many transformative technologies. However, this exuberance is tempered by the lack of widespread practical applications, creating a speculative environment similar to historical technological revolutions.
March has been a big month of research developments for D-Wave Quantum Inc. NYSE: QBTS. First, the company announced what it claims is the first-ever successful feat of quantum supremacy: D-Wave's Advantage2 prototype annealing quantum computer solved a magnetic materials problem many orders of magnitude faster than a leading supercomputer.
The next big game-changing technology could be the ticket to explosive gains for your portfolio over time. And that technology may be quantum computing, a type of computing that aims to solve today's impossible problems.
Quantum computing could make it easier to process massive amounts of information in the near future. Unlike traditional computers, which still store data in binary bits of zeros and ones, quantum computers can store them simultaneously in qubits.
Quantum Computing Inc. remains a speculative bet with significant volatility. The market's hopes for QUBT's fast track to profitability seem to have taken a hit now. QUBT's Q4 2024 results showed a substantial net loss of $51.2 million, with increased OPEX and a 17% YoY revenue decline, despite a rise in gross profit margin. The company's future growth hinges on the operational launch of its Quantum Photonic Chip Foundry and securing preorders, but fierce competition limits its market share potential.
Quantum computing stocks got pummeled yesterday, with the four most prominent public quantum computing companies—IonQ, Rigetti Computing, Quantum Computing Inc., and D-Wave Quantum Inc.—falling anywhere from over 9% to over 18%. The reason?
The AI chip maker's Quantum Day was lacking in major announcements and the high-flying–but highly volatile–stocks tumbled.
Quantum Computing Inc. stock dropped 10% post-earnings; despite positive aspects, I downgrade it to a sell due to overvaluation and speculative nature. The company has enough cash for two years but minimal revenue, making its $1 billion market cap unjustifiable. Heavy dilution and a long road to profitability make it hard to justify holding QUBT, despite interesting technology and cash reserves.
Alan Baratz, D-Wave CEO, says his company is already delivering products for customers. He outlined how D-Wave's quantum technology can help reduce blockchain energy costs.