First Quantum Minerals TSE: FM reported higher second-quarter copper production, revenue and EBITDA as operations improved at its Zambian assets and the company began processing stockpiled ore at Cobre Panamá.
IONQ and QBTS are set to report earnings next week with forecasts for 50%+ EPS improvement as quantum commercialization gains momentum.
Technology stocks, and nearly every other segment with ties to the artificial intelligence (AI) trade, are in the midst of a two-month swoon as market participants look for greener, non-tech pastures. Not surprisingly, quantum computing equities are getting the bad end of that deal.
D-Wave Quantum Inc. surged on AT&T partnership news, but the deal remains exploratory with no confirmed revenue impact or production deployment. The quantum computing company is only forecast to generate upcoming Q2'26 revenues of $4 million. Despite a $7B market cap, QBTS is only forecast to report revenues of $43M in 2026 and faces intense competition and limited near-term market opportunity.
NVDA-led AI infrastructure concerns sparked a pullback in quantum stocks, but D-Wave Quantum and Rigetti Computing remain backed by strong commercial momentum.
RGTI's Q2 results are likely to spotlight Novera revenues, Cepheus-1 adoption and progress toward higher fidelity as investors weigh its quantum roadmap.
Benchmark analyst Gary Mobley projects the quantum industry should generate roughly $1.5 billion in revenue in 2026.
D-Wave Quantum (NYSE:QBTS) shares are up 7% to $19.29 in Monday morning trading after the company announced an expanded agreement with AT&T (NYSE:T | T Price Prediction) to deploy its annealing quantum systems across network operations.
D-Wave Quantum Inc (NYSE:QBTS) is surging ahead of the open after announcing that AT&T (T) will expand its use of the company's quantum computing technology to optimize network operations.
AT&T will use D-Wave Quantum's signature annealing quantum computers under an expanded partnership.
Alphabet has nearly unlimited resources to invest in quantum computing. Nvidia is supporting the quantum and AI build-out.
Rigetti and QUBT have pulled back after a strong quarter, but Wall Street price targets still imply triple-digit upside as Q2 earnings approach.