Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference.
Quantum launches GO Refresh for DXi T-Series - a flexible, subscription-based solution for seamless data protection, automatic upgrades and cyber resilience.
D-Wave Quantum's Q4 2024 results showed strong bookings growth and improved balance sheet, eliminating debt and increasing cash to $300M. Despite positive developments, D-Wave's revenue growth still lags behind expenses, making profitability unlikely in 2025. The company's cloud service remains the key growth driver, while hardware sales add confidence but are capital-intensive.
Artificial intelligence (AI) is still a hot topic with market-moving powers, but the rising star of the moment is quantum computing. Experts in this field have seen their stock prices multiply in the last six months.
Quantum computing stocks led by D-Wave popped on Friday ahead of chipmaker Nvidia's GTC conference next week. The post Quantum Computing Stocks Jump Ahead Of Nvidia GTC Conference Next Week appeared first on Investor's Business Daily.
Shares of D-Wave Quantum Inc. NYSE: QBTS climbed over 18% after the company reported mixed results in its fourth-quarter 2024 earnings report. Revenue of $2.3 million beat expectations of $2.2 million.
Shares of some quantum computing companies rallied on Thursday, adding to gains from the previous session and bucking the broader market's trend after D-Wave Quantum forecast stronger-than-expected quarterly revenue.
Rigetti has dropped 33%, significantly underperforming the market's -7% decline, leading to an upgrade to speculative buy after the pullback. RGTI $200M+ partnership with Quanta aims to accelerate quantum commercialization by boosting R&D, QPU deployment, and securing government and academic contracts over five years. Revenue declined 32% year-over-year to $2.3 million in Q4, while the company reported a $153 million net loss, driven by lower-margin contracts and high expenses.
Quantum computing investing took off toward the end of 2024 with some major breakthrough announcements. This caused many stocks to double or triple in price nearly overnight, but that investing trend has fizzled out lately alongside the marketwide sell-off.
D-Wave Quantum says the development has practical applications in objects people use everyday.
Quantum computers hold a lot of promise. They could advance medicine and materials science discoveries, improve weather forecasting models, and help create more advanced artificial intelligence.
Quantum-Si aims to revolutionize protein sequencing but faces significant technological and competitive challenges. Commercial reception to Quantum-Si's solutions has been lukewarm so far, suggesting a significant improvement in performance will be needed to drive wider adoption. Quantum-Si believes that it can introduce a superior system in the next few years, but this involves significant uncertainty.