D Wave Quantum Inc (QBTS)

Quantum Computing Stocks Rally After Trump Signs New Industry Support MeasuresJune 23, 2026 7:31 AM
IH Market News Federal Orders Renew Momentum Across the Quantum Sector Quantum-computing stocks moved higher in after-hours trading on Monday after U.S. President Donald Trump signed a series of executive orders designed to accelerate the development and adoption of quantum technologies in the United States. The announcements reignited investor enthusiasm for a sector that has already enjoyed significant gains this year amid expectations of increasing government backing. Quantum Names Lead Extended-Hours Gains Among the strongest performers, Infleqtion (NYSE:INFQ) climbed 13.2% to $16.08 in post-market trading, putting the stock on course for its highest level since June 5. Rigetti Computing (NASDAQ:RGTI) advanced 5.9% to $22.65, marking its strongest level since June 15, while D-Wave Quantum (NYSE:QBTS) gained between 7.5% and 7.8% to approximately $26.30, also reaching its highest level since mid-June. IonQ (NYSE:IONQ) added around 3% to trade near $60.10. Meanwhile, IBM (NYSE:IBM) rose 3.6% after Trump publicly praised Chief Executive Officer Arvind Krishna for his leadership. New Orders Aim to Accelerate Quantum Deployment The gains followed the signing of two executive orders focused on strengthening America’s position in quantum technologies. The measures seek to support the deployment of a research-capable quantum computer in the United States by 2028 while accelerating the transition of federal systems toward post-quantum cryptography between 2030 and 2031. The orders also promote broader adoption of quantum sensing technologies and encourage greater collaboration between government agencies, universities and private-sector companies. Strategic Technology Becomes a National Priority The latest initiatives reflect Washington’s growing emphasis on quantum computing as a strategic technology alongside artificial intelligence, advanced semiconductors and next-generation defense systems. Policymakers increasingly view leadership in quantum technology as critical to maintaining the United States’ competitive position against China and other global rivals. Government Support Has Driven Previous Rallies Monday’s move follows several policy-driven surges in quantum-related stocks over recent months. In May, the sector rallied sharply after the Trump administration unveiled a quantum initiative worth approximately $2 billion, including grants and investment programs aimed at supporting domestic development. Companies such as D-Wave, Rigetti and Infleqtion were among those linked to the initiative, while investors interpreted the announcement as evidence of a deeper federal commitment to the sector. That earlier announcement triggered even larger gains, with D-Wave and Rigetti both rising more than 30%, while IonQ also posted strong double-digit advances. Commercialization Outlook Continues to Improve Quantum stocks received another boost earlier this month after analysts highlighted improving commercialization prospects and growing public-sector support. Those developments have helped turn quantum computing into one of the most closely watched and volatile technology themes on Wall Street this year. Why Quantum Computing Matters Quantum computers leverage the principles of quantum mechanics to process information in ways that could eventually outperform traditional computers in areas such as optimization, chemistry, materials science and complex simulations. The technology is also viewed as a potential challenge to existing encryption methods, prompting governments around the world to accelerate the adoption of quantum-resistant cybersecurity systems. Although widespread commercial deployment remains several years away for much of the industry, investors continue to treat government funding programs, national security initiatives and technological breakthroughs as major catalysts for the sector. The latest executive orders reinforce the view that support for quantum technologies is evolving into a long-term policy priority, potentially creating additional opportunities for companies focused on quantum computing, sensing and cybersecurity solutions. Infleqtion stock price Rigetti Computing stock price D-Wave Quantum stock price IonQ stock price IBM stock priceThe post Quantum Computing Stocks Rally After Trump Signs New Industry Support Measures appeared first on US Editors. Original: Quantum Computing Stocks Rally After Trump Signs New Industry Support Measures

SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street FuturesJune 23, 2026 6:47 AM
IH Market News Technology Shares Weigh on U.S. Market Outlook Wall Street appeared headed for a weaker start on Tuesday as investors continued to rotate out of technology stocks amid concerns over persistent interest rate pressures and the enormous capital requirements associated with artificial intelligence infrastructure. Nasdaq futures led losses after another decline in SpaceX (NASDAQ:SPCX), while falling oil prices provided a separate focal point for investors as diplomatic progress between the United States and Iran reduced concerns over energy supply disruptions. Meanwhile, fresh acquisition activity in the AI sector and renewed government support for quantum computing highlighted the ongoing competition for next-generation technology leadership. Nasdaq Futures Under Pressure U.S. equity futures moved lower before the opening bell, with technology stocks once again leading the decline. By 04:33 ET, Nasdaq 100 futures had fallen 2.8%, while S&P 500 futures were down 1.45%. Dow Jones futures declined 0.7%. The weakness reflects growing investor concern that U.S. interest rates could remain elevated for longer than previously anticipated. At the same time, questions are emerging about whether current levels of AI-related investment can be sustained indefinitely. After leading market gains over the past year, technology and semiconductor shares have become increasingly vulnerable to profit-taking and valuation scrutiny. SpaceX Sell-Off Continues SpaceX (NASDAQ:SPCX) remained under pressure after suffering a sharp decline in the previous session. The stock dropped 16.4% on Monday and fell a further 2.9% in premarket trading. The latest weakness followed a more cautious assessment from KeyBanc, which argued that the company’s valuation had become increasingly demanding after its rapid rally following its stock market debut. SpaceX closed Monday at $154.59, only modestly above its IPO opening price of $150 and significantly below recent highs above $225. The decline has erased approximately $400 billion in market value and intensified debate over whether the company’s long-term growth opportunities justify its current valuation. The company also announced a senior notes offering and disclosed cash and cash equivalents exceeding $100 billion as of June 19. Qualcomm Pursues Additional AI Expansion Qualcomm (NASDAQ:QCOM) is reportedly close to acquiring AI chip startup Modular in a transaction that could value the company at approximately $4 billion, according to Bloomberg. The reported valuation is more than twice the level achieved in Modular’s funding round less than a year ago, reflecting the premium being placed on AI-related assets. Qualcomm continues to broaden its strategy beyond smartphones, targeting growth opportunities in artificial intelligence, data centres and autonomous vehicles. The company is also reportedly evaluating a separate acquisition involving AI startup Tenstorrent. The potential transaction highlights the increasingly competitive race among established technology firms to strengthen their AI capabilities. Oil Prices Extend Recent Decline Energy markets continued to move lower following significant losses in the previous session. Oil prices weakened further as investors grew more confident that progress in U.S.-Iran negotiations could ultimately increase global crude supplies. Market sentiment improved after Washington issued a 60-day licence permitting the sale and import of Iranian crude oil and petroleum products as part of ongoing diplomatic discussions. The development follows reports of progress toward a broader agreement and an extension of the current ceasefire framework. Lower oil prices could help ease inflationary pressures globally, although continued weakness may create challenges for energy producers. Quantum Computing Receives Policy Boost Quantum computing stocks advanced after President Donald Trump signed executive orders designed to accelerate development of the technology in the United States. The measures aim to support the deployment of a research-capable quantum computer by 2028 while also accelerating the implementation of quantum-resistant cybersecurity systems across federal agencies. Investors responded positively, driving gains in companies including Infleqtion (NYSE:INFQ), Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NYSE:QBTS) and IonQ (NASDAQ:IONQ). IBM also moved higher after receiving favourable comments from Trump regarding CEO Arvind Krishna. The latest policy initiatives underscore Washington’s growing focus on quantum computing as a strategic technology area. Investors Look Beyond the AI Boom While artificial intelligence remains a dominant investment theme, the latest market moves suggest investors are becoming more selective about valuations and future growth assumptions. At the same time, government support for emerging technologies such as quantum computing highlights the possibility that the next major innovation cycle may already be beginning to take shape. SpaceX stock price Qualcomm stock price Infleqtion stock price Rigetti Computing stock price D-Wave Quantum stock price IonQ stock price IBM stock priceThe post SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street Futures appeared first on US Editors. Original: SpaceX Extends Decline as Tech Stocks Retreat and Investors Reassess AI Spending: Dow Jones, S&P, Nasdaq, Wall Street Futures

White House Prioritizes Quantum Computing and Post-Quantum Cybersecurity in New Executive Orders

President Trump Signs Historic Quantum Technology Executive Orders - 06/22/26

D Wave Quantum (QBTS) Secures $100 Million And Sets 100 Logical Qubit Roadmap

June 18, 2026

• D-Wave Quantum (NYSE:QBTS) secured up to $100 million in U.S. CHIPS Act funding, marking a new phase of direct federal support for its quantum computing efforts.

• The company outlined a gate-model roadmap targeting 100 logical qubits by 2032, alongside its existing quantum annealing platform.

• D-Wave plans to release an error-aware quantum simulator this September, described as a first of its kind for modeling real-world noise and reliability.

D-Wave Quantum enters this news cycle with its stock at $22.92 and a mixed recent track record, including a 20.3% gain over the past 30 days and a decline of 18.5% year to date. Over a 1 year period, the stock is up 45.9%, and over 3 years the return is a very large multiple of its starting level, while the 5 year return sits at 131.3%. This context gives investors a sense of how volatile NYSE:QBTS has been as the company pursues commercialization of its quantum technologies.

For readers tracking the quantum computing space, this combination of CHIPS Act funding, a dual platform approach, and a new error-aware simulator could influence how D-Wave Quantum positions itself with customers and partners. The roadmap to 100 logical qubits by 2032 sets a clear technology target that investors can monitor through future updates, product launches, and customer adoption metrics.

Stay updated on the most important news stories for D-Wave Quantum by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on D-Wave Quantum.

The CHIPS Act funding and the new gate-model roadmap are arriving at a time when investor interest in D-Wave Quantum is already tied closely to its long-term technology goals. A potential US$100 million from the U.S. government directly links federal capital to D-Wave Quantum's superconducting dual-rail gate program and its existing annealing systems, which many investors see as the company's main differentiator versus peers like IonQ, Rigetti Computing and Quantinuum. The upcoming error-aware simulator scheduled for September gives equity holders a nearer term checkpoint, because it could show whether developers and enterprise customers actually engage with D-Wave Quantum's approach to fault tolerance rather than treating it as a distant target. At the same time, recent insider selling by senior executives and the company's reliance on ongoing equity issuance keep dilution and execution risk front of mind for investors who are weighing long-duration R&D spending against the current loss-making profile and volatile share price.

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$QBTS 🗞️

D-Wave Announces World’s First Gate-Model Quantum Computing Simulator for Error-Aware ProgrammingJune 18, 2026 3:01 AM
Business Wire New offering to help developers prototype applications, model quantum processor behavior and explore advanced workflows as they prepare for access to forthcoming D-Wave™ gate-model systems D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced its forthcoming gate-model quantum computing simulator, which is expected to be the first of its kind designed for error-aware programming. The announcement marks the next step in D-Wave’s gate-model roadmap and comes just weeks after the Company outlined its differentiated approach to fault-tolerant quantum computing. Built around D-Wave’s dual-rail technology, the simulator is expected to enable error-aware programming, giving developers visibility into errors so they can design applications and workflows that respond to real processor behavior. By combining error detection and real-time control, the simulator will give developers new tools and data to better understand quantum behavior, prototype quantum applications and error-correction routines and explore advanced workflows. D-Wave will offer new quantum development bundles that provide access to its forthcoming gate-model quantum simulator and systems. Designed to support customer success, the bundles will include Starter and Premium packages, with monthly access allocations and guidance from D-Wave’s team of experts to streamline onboarding, perform flexible R&D and maximize customer value. Pricing is available upon request. “D-Wave’s gate-model quantum simulator is an important step in bringing our gate-model roadmap to customers,” said Dr. Trevor Lanting, chief development officer at D-Wave. “What makes our approach different is that error awareness is built into the architecture through dual-rail technology, giving developers access to error-detection data and real-time control capabilities that can help them design more resilient quantum applications. This simulator is intended to help customers start building that expertise now, in advance of our forthcoming gate-model quantum systems.” Once available in D-Wave's Leap™ cloud platform, the simulator will provide a rich quantum programming toolkit with error-aware capabilities, including tools for modeling quantum processor behavior, error detection and real-time control. This includes support for up to 21 qubits, ideal and hardware emulation modes, Monte Carlo simulation of real-time quantum system dynamics and integration with familiar development tools, including D-Wave’s Ocean™ SDK. Access to the simulator is scheduled to begin in September 2026. The quantum development bundles are designed to support a range of customer needs, from initial exploration to more advanced research and development. D-Wave’s simulator and systems bundles are expected to give customers the budget predictability and dedicated access needed to run more workloads, iterate more freely and accelerate quantum application progress, while helping them spend less time managing usage and more time advancing algorithm and application development. Customers can sign up here to request future access to D-Wave’s forthcoming gate-model quantum simulator and systems. About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software and services. It is the world’s first commercial supplier of quantum computers and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com. Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260618862695/en/ Media Contact:
Alex Daigle
media@dwavesys.com Original: D-Wave Announces World’s First Gate-Model Quantum Computing Simulator for Error-Aware Programming

Insiders dumped boatloads of stock

D-Wave Riding The Dual-Rail For Its Gate-Model Quantum Ambitions
Jeff Burt
Published Wed 10 Jun 2026 // 05:05 UTC

D-Wave is something of an anomaly in a quantum computing industry. While companies ranging from hyperscalers like Microsoft, Google, and Amazon Web Services to traditional enterprise system makers like IBM, Dell Technologies, Cisco Systems, and Hewlett Packard Enterprise are trying to get some revenue, and pure-play vendors, software and algorithm specialists, and cybersecurity firms are establishing themselves and looking toward the near future. But D-Wave has a growing business already in place that is bringing in millions of dollars.

Company executives years ago embraced annealing quantum technology as the shortest path to get to market, and initially made its Advantage and then Advantage2 quantum system accessible through its Leap quantum cloud service. Early last year, the vendor began selling systems to organizations, like Jülich Supercomputing Centre at Forschungszentrum Jülich (FZJ) in Germany, to deploy on-site. More recently, Florida Atlantic University (FAU) agreed to buy a 5,000-qubit Advantage system for $20 million.

It seems to be working. In the first quarter, this year, D-Wave showed closed bookings of $33.4 million, a 1,994 percent year-over-year jump and a 149 percent increase over the previous quarter. Included in all of that was not only the deal with FAU but a two-year, $10 million quantum computing-as-a-service deal with a Fortune 100 company.

Banging The Gate-Model Drum
More recently, D-Wave has been making more noise around its dual-platform strategy, in particular its plans for gate-model quantum systems leveraging the superconducting modality that others like IBM, Google, and IonQ favor. The company made a significant move in that direction when it closed its $550 million deal for ten-year-old Quantum Circuits and its dual-rail error correction technology.

As we wrote earlier this year, the dual-rail qubit architecture embeds error detection directly into the qubits, which D-Wave executives say not only improves the quality of the qubits themselves but means that a logical qubit could be created with fewer physical qubits, which should accelerate the development of fault-tolerant quantum systems. While other vendors are focusing on the number of qubits, D-Wave is aiming to reduce errors at the hardware level by embedding error correction onto the qubits themselves to errors can be found during computation at the single-qubit level.

The Dual-Rail Way
This way, the dual-rail qubits can identity about 90 percent of errors has they pop up, so fewer physical qubits are needed. D-Wave executives also boast of reaching – with error detection – 99.9 percent two-qubit fidelities, so physical errors occur about once in every 1,000 operations. The company is leaning on the Lambda metric for measuring how quickly a computer's errors decrease as more error-correction capabilities are added. According to D-Wave, the norm for most quantum companies is a value of 2, which means each error correction cuts the number of errors by half. D-Wave is looking at a Lambda value of 10, which executives say will reduce errors more quickly by a factor of 10X for each increment, which will lead to fault-tolerant quantum computing that needs significantly fewer physical qubits.

The dual-rail technology dovetails well with D-Wave’s superconducting expertise and its desire to manufacture the systems at scale, according to D-Wave chief development officer Trevor Lanting.

“We saw an immense amount of synergy between this core qubit technology, which really we see as game-changing because it really shrinks the physical requirements to get the full tolerance, but it doesn't take us in a 90-degree direction,” Lanting tells The Next Platform. “This is parallel to the direction we're going with both our annealing and our demo architectures, which is to use superconducting devices to build out these quantum computing systems.”

An Expanded Timeline
With the merger complete, D-Wave is rolling out an expanded timeline for its gate-model systems. When the deal was announced in January, D-Wave laid out a partial timeline that included the general availability of a 17-qubit, dual-rail transmon-based system this year, a 49-qubit system next year, and 181-quibit quantum computer in 2028. The system will deliver 2,000-fold error reduction factor over the physical error rate and will be the blueprint for scalable fault-tolerant architectures. The company also will complete the design for a 1,000-qubit that year.

Earlier this month, D-Wave announced that in 2030 it will complete a 10-logical-quibit system that can support the first fault-tolerant algorithms, and two years later will launch a 100-logical-qubit system that will be able to perform more than 1 million operations supporting initial chemistry and quantum AI applications.

Lanting says D-Wave is getting customer interest in the promise of post-NISQ (Noisy Intermediate-Scale Quantum) systems “the ability to do error correction and then build your software stack on top of that. On the near-term path, getting to that 100 logical-qubit million gate operation point, we're really seeing that as the phase where the gate model systems become commercial across the board. A lot of our customers don't want to wait to 2030 or 2032, because at that point, they will not have developed the expertise on the algorithm side, the expertise in really figuring out how they actually integrate these systems into their industrial workflows.”

Shifting Goalposts
The timeline for these systems becoming performant is speeding up, and organizations are realizing they need to have teams and plans in place for addressing the technology, he says.

“The goalposts are shifting over time in terms of what really is necessary for broad quantum utility, but the best evidence today based on what we know about algorithms and applications is that once you hit that 100 logical-qubit mark and you're able to support that scale of operations, like over a million successful operations, that's really unlocking initial applications, primarily in material simulation and quantum chemistry, that's the point at which we really see this technology transitioning to fully supporting those early commercial workloads,” he says.

D-Wave’s goal is to be a sort of one-stop quantum shop, with both annealing and gate-model quantum systems available. Lanting says there are synergies between the annealing and superconducting efforts, no plans now to directly integrate them.

“Our annealing systems are supporting optimization workloads,” he says. “We're seeing a lot of early signs that they could help with quantum AI applications. There's increasing evidence that gate-model systems just won't be able to attack optimization or a lot of machine learning tasks. ... The annealing systems are not going to be able to address the really juicy quantum chemistry problems and the novel materials discovery problems. That's the sweet spot for gate systems. Depending on the customer and the industry and the use case, they may engage with one or the other, or both.”

Federal Funding For The Effort
As D-Wave moves forward with its plans, it’s likely going to do so with another $100 million on hand. The company was one of several quantum vendors to sign a Letter of Intent (LOI) with the U.S. Commerce Department, which last month announced a $2 billion program being made available to them through the U.S. CHIPS and Science Act in exchange for the federal government taking an equity stake in the company.

D-Wave would use the money to help fund the development of a 100,000-qubit annealing system and 10,000-qubit gate-model computer. Other vendors, including IBM, Quantinuum, Rigetti, and PsiQuantum, sign similar LOIs. However, the money isn’t guaranteed. There is debate whether the investments adhere to the intent of the CHIPS Act, which was passed during the Biden Administration, and whether the U.S. government should be taking stakes in private companies.

Still, it would be welcomed, Lanting says.

“For us there's a couple of things,” he says. “One is this is R&D that is core to our roadmap, core to both our annealing and our gate systems. And this allows us to pull in some timelines for some of the development work that we're planning to do. The second thing, and maybe more importantly, is this is the first time we've got a direct endorsement from the U.S. government as D-Wave for technology development. That endorsement we see as incredibly important.”

https://www.nextplatform.com/compute/2026/06/10/d-wave-riding-the-dual-rail-for-its-gate-model-quantum-ambitions/5253279?mc_cid=e87ff9a09a&mc_eid=9d91dde03c

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LOL. Nothing in this AI video was generated using quantum.

Quantum Just Killed AI Data Centers



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D-Wave Investor Day 2026 — CEO Keynote with Dr. Alan Baratz | LIVE



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HUGE Week Ahead for Quantum Stocks! D-Wave Investor Day, Quantinuum IPO, IonQ, IBM & More



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D-Wave’s Quantum Supremacy Result StandsMay 26, 2026 2:00 PM
Business Wire Recent classical simulation work represents progress, but does not overturn D-Wave’s peer-reviewed demonstration of beyond-classical quantum simulation D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today issued the following response to recent claims that newly published classical simulation work has “overturned” D-Wave’s demonstration of quantum computational supremacy in quantum simulation. The claim that D-Wave’s achievement has been overturned is inaccurate and not supported by the scientific record. D-Wave welcomes advances in classical algorithms, including recent tensor-network work from researchers at the Flatiron Institute and collaborators. Scientific progress in quantum computing depends on rigorous comparison between quantum and classical methods. However, the recently published work does not reproduce the full scope of D-Wave’s peer-reviewed Science result, nor does it solve the hardest problem instances and measurements reported in that work. The only major change in the Flatiron work that has now been published in Science is the addition of large diamond lattice data. This supports the claim that they are using BP-TNS to extract a Kibble-Zurek exponent in a 3D system, but the same criticisms apply as a year ago: they don’t compute the same observables, nor all the geometries, nor the largest size geometries, nor all the couplings computed by D-Wave and its collaborators. In the peer-reviewed Science paper, “Beyond-classical computation in quantum simulation,” D-Wave researchers and collaborators demonstrated beyond-classical computation in the quantum simulation of nonequilibrium magnetic spin dynamics using D-Wave annealing quantum computers. The work studied square, cubic, diamond and biclique topologies and showed that D-Wave quantum processing units produced samples consistent with quantum theory at scales where direct classical computation becomes impractical. For the largest problems studied, the paper reported that matching the D-Wave quantum processor’s simulation quality with matrix product state methods would require nearly a million years on the Frontier supercomputer, with memory and energy requirements exceeding practical limits. “D-Wave’s demonstration of beyond-classical computation continues to hold up under careful scientific scrutiny,” said Dr. Alan Baratz, CEO of D-Wave. “We welcome advances in classical methods, including recent work from the Flatiron Institute, but claims that these advances overturn D-Wave’s result are inaccurate. A claim that strong requires reproducing the full scope of our demonstration, including the hardest cases and the full set of measurements. That has not happened.” The Flatiron Institute’s BP-TNS algorithm is a meaningful contribution to the classical state of the art, and it is effective in some regimes. But it is not effective across the full range of problem classes studied in D-Wave’s Science paper. In a March 2025 response, D-Wave researchers and collaborators noted that the Tindall et al. work did not attempt the most complex lattice geometry, did not reproduce the largest simulations in 3D lattices, did not simulate the low-precision ensembles in which correlations grow fastest, and did not produce the full-state and fourth-order observables reported in D-Wave’s Science paper. In the arXiv paper “Evaluating Classical Simulations with a Quantum Processor," D-Wave researchers and collaborators further evaluated the limits of classical tensor-network simulations using a quantum processor as a reference. That work showed that BP-TNS fails for strongly coupled three-dimensional spin glasses on cubic and diamond lattices, and that loop-corrected BP-TNS is ineffective for higher-dimensional biclique problems. These are important quantum simulation regimes included in D-Wave’s original demonstration, not peripheral examples. “The BP-TNS algorithm is effective in some regimes and ineffective in others,” said Dr. Trevor Lanting, chief development officer at D-Wave. “Our analysis showed that it fails for strongly coupled three-dimensional spin glasses on cubic and diamond lattices, and that loop-corrected BP-TNS is ineffective for higher-dimensional biclique problems. These are important cases from our Science paper, and they remain beyond the reach of current classical methods.” D-Wave encourages continued work by the Flatiron Institute and others to advance classical simulation methods. Such progress is valuable and can help sharpen the boundary between classical and quantum capabilities. But scientific communication should distinguish between a meaningful advance in classical simulation and overturning a quantum supremacy result. The former is supported by the evidence. The latter is not. “We should all hold ourselves to a higher standard when communicating scientific results,” Baratz added. About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com. Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260526116253/en/ Media Contact:
Alex Daigle
media@dwavesys.com Original: D-Wave’s Quantum Supremacy Result Stands

D-Wave Quantum secures federal microelectronics funding

May 26, 2026

D-Wave Quantum Inc. QBTS shares are down during Tuesday’s premarket session. The company grabbed second-year funding for its superconducting qubit fabrication project.

This funding is part of a broader initiative to enhance U.S. microelectronics capabilities, reflecting the growing recognition of quantum computing’s role in advancing technology.

The funding awarded to D-Wave Quantum supports its role in the Improved Materials for Superconducting Qubits with Scalable Fabrication (SQFab) project, which aims to enhance the scalability of quantum technologies.

This initiative is part of a $25 million funding effort by the U.S. Department of Defense, emphasizing the importance of quantum computing in both commercial and national security applications.

QBTS Technical Analysis: Momentum Vs Key Moving Averages
D-Wave Quantum has shown a strong performance over the past year, with a 12-month gain of 67.52%. The stock currently trades at $29.16, which positions it significantly above its moving averages: 36.9% above the 20-day SMA, 57.9% above the 50-day SMA, and 42% above the 100-day SMA. However, the 50-day SMA is below the 200-day SMA, indicating a death cross that occurred in March, which can signal potential bearish momentum.

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$QBTS 🗞️

$28+ 😃

$QBTS 💹

D Wave Quantum Wins US$100 Million CHIPS Act Backing As Losses Widen

May 22, 2026

• D-Wave Quantum (NYSE:QBTS) received a $100 million equity investment from the U.S. government under the CHIPS and Science Act.

• The funding comes through the U.S. Department of Commerce as part of a broader $2 billion federal initiative in quantum computing.

• The capital is intended to support D-Wave's quantum R&D, including both annealing and gate-model platforms, and to strengthen the domestic quantum supply chain.

D-Wave Quantum enters this funding milestone with its stock at $25.74 and a very large 3-year return, along with a 35.2% return over the past year. The share price is up 16.3% over the past week and 26.4% over the past month, while year-to-date performance is down 8.5%. This gives investors a mix of shorter-term strength and earlier-year weakness to weigh against the new capital injection.

For investors watching NYSE:QBTS, the U.S. government equity stake indicates that federal agencies view D-Wave as a key participant in quantum computing efforts tied to national priorities and research leadership. The planned use of funds across R&D, scaling of hardware platforms, and supply chain development may support the development of closer government partnerships and influence how D-Wave positions itself within the broader $2 billion U.S. quantum initiative.

Stay updated on the most important news stories for D-Wave Quantum by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on D-Wave Quantum.

The proposed US$100 million equity investment from the U.S. Department of Commerce gives D-Wave Quantum a new anchor investor at a time when its fundamentals are mixed. On one hand, the company recently reported Q1 2026 revenue of US$2.86 million, down from US$15 million a year earlier, and a wider net loss of US$18.36 million. On the other hand, bookings of US$33.4 million, the Quantum Circuits acquisition and heavier government interest indicate that D-Wave is drawing attention from large customers who are prepared to sign multi year deals. The CHIPS and Science Act funding signals that U.S. policymakers want D-Wave’s annealing and gate model hardware as part of a domestic quantum supply chain, which many investors read as validation after a period of volatile trading and sector wide profit taking.

Link full article

$QBTS 🗞️

Quantum computing stocks rally after report of planned $2 billion U.S. funding packageMay 21, 2026 8:54 AM
IH Market News Shares of several quantum computing companies surged in U.S. premarket trading on Thursday following a media report that the Trump administration plans to award US$2 billion in grants to firms operating in the sector.According to a report by The Wall Street Journal citing the U.S. Commerce Department, the funding agreements are expected to include equity stakes for the U.S. government.Washington has previously structured similar arrangements involving minority stakes in companies from other strategic industries, including magnet producer Vulcan Elements and mining group MP Materials.The Commerce Department has already agreed to provide US$1 billion of the package to IBM, which is widely regarded as one of the leaders in the race to develop quantum systems capable of outperforming traditional supercomputers.GlobalFoundries (NASDAQ:GFS) is set to receive US$375 million under the programme.The Wall Street Journal also reported that D-Wave Quantum (NYSE:QBTS), Rigetti Computing (NASDAQ:RGTI) and Infleqtion (NYSE:INFQ) are each expected to receive US$100 million in funding.Startup Diraq is reportedly due to receive US$38 million.Shares of the companies mentioned in the report climbed between 7% and 19% ahead of the market open.Alongside artificial intelligence, quantum computing has become a strategic priority for the Trump administration as policymakers seek to strengthen industries viewed as critical for both economic competitiveness and national security.The report noted that the funding transactions, which are expected to be financed through programmes created under the 2022 Chips and Science Act, have not yet been finalised.A senior Commerce Department official told the newspaper there is now a clearer pathway toward commercial quantum computing becoming viable.The Wall Street Journal also reported, citing people familiar with the matter, that the White House is preparing a new executive order focused specifically on the quantum computing industry.GlobalFoundries stock priceD-Wave Quantum stock priceRigetti Computing stock priceInfleqtion stock price Original: Quantum computing stocks rally after report of planned $2 billion U.S. funding package

D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum ComputingMay 21, 2026 6:47 AM
Business Wire Funding would advance the company’s superconducting annealing and gate-model technology development U.S. government to obtain an equity stake in D-Wave D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced that it has signed a Letter of Intent (LOI) for $100 million of proposed funding under the U.S. CHIPS and Science Act, which is administered by the U.S. Department of Commerce. In connection with executing final award documents, D-Wave would issue $100 million in shares of its common stock to the U.S. Department of Commerce. The LOI marks a significant endorsement by the U.S. government of D-Wave’s annealing and gate-model quantum computing technologies and their potential impact on the U.S. economy. The U.S. CHIPS and Science Act is aimed at strengthening domestic technology supply chains and advancing national and economic security. Advanced manufacturing and packaging technology is required to scale quantum computing systems and is critical for reinforcing the United States' position at the forefront of next-generation quantum computing. This funding would accelerate development and scaling of D-Wave’s annealing and gate-model quantum systems, including at its forthcoming research and development (R&D) facility in Boca Raton, Florida as well as its R&D centers in New Haven, Connecticut and Burnaby, BC, Canada. “We believe that the U.S. government’s strategic investment in D-Wave would advance the country’s global leadership position in quantum computing,” said Dr. Alan Baratz, CEO of D-Wave. “The award would accelerate D-Wave’s ability to scale quantum innovation domestically, expedite key fabrication processes, and deliver real-world quantum applications to our global customers today. We see this as a transformative moment for not just D-Wave, but also for quantum computing and the United States.” “With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said Secretary of Commerce Howard Lutnick. “These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.” "The Department of Commerce’s incentives strengthen and accelerate U.S. quantum leadership and technological resilience,” said Bill Frauenhofer, Executive Director of Semiconductor Investment and Innovation. “Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling and energy systems.” The funded initiatives would help D-Wave expedite the delivery of advanced superconducting quantum computers, including a 100,000-qubit annealing system and a 10,000-qubit gate-model system. While D-Wave’s annealing quantum computers are commercial today, its gate-model system is expected to reach commercial viability with 10,000 physical qubits, which enable 100 logical qubits. With the larger-scale and higher coherence annealing quantum computing systems, D-Wave expects even greater performance gains for solving computational problems in optimization, materials simulation, blockchain, and artificial intelligence applications. The larger-scale dual-rail gate-model quantum computer will enable dozens of logical qubits, providing a powerful application development platform for a wide range of quantum chemistry and quantum artificial intelligence use cases. These efforts are expected to contribute to the development of a resilient, end-to-end quantum computing ecosystem, aligned with broader CHIPS and Science Act objectives to build domestic capacity in critical technologies and establish a robust and reliable pipeline for the components required to bring state-of-the-art quantum computing systems into the market. The Award is subject to the execution by the parties of definitive Award documents. About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com. Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These forward-looking statements include, but are not limited to, statements regarding the proposed Award, the Company’s proposed issuance of shares of its common stock to the U.S. Department of Commerce (the “Department”), and the Company’s expected research and development initiatives and plans. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of D-Wave’s management. These forward-looking statements are not predictions of actual performance and are subject to a number of risks and uncertainties, including, but not limited to, the risk that definitive Award documents are not executed within the timeframe or on the terms contemplated by the Company or at all; the risk that the Department suspends or terminates Award negotiations; the risk that the Company is unable to satisfy the conditions to disbursement of any portion of the Award, including project milestones; the availability of appropriated funds; the risk of dilution to existing stockholders from the Company’s issuance of shares of common stock to the Department; and the other risks and uncertainties described under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520822995/en/ Media:
Alex Daigle
media@dwavesys.com Original: D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing

For more detailed info, google search this: Too Early for Its Own Time: The untold story of Netlist and the Memory Technology That Preceded the AI Revolution

*** Missed the early years of Qualcomm/Rambus before what they now have become?
google search this: "Too Early for Its Own Time: The untold story of Netlist and the Memory Technology That Preceded the AI Revolution"

>>> NLST

All aboard, next stop 30's ☺️

Ooops, big day up turned into huge day down. Xanadu is down 60%. Xanadu is down more than $21 per share today. The dilution is coming to every one of these hype stories. Now there are over 800 of these "leading" quantum companies.

Interesting find on Single Photons Emitted by a Quantum Dot Experiment, i'm hopeful we will learn lots of good things as we venture along.

Quantum Breakthrough: Unhackable Keys Sent Over 120 km Using Quantum Dots

BY LIGHT PUBLISHING CENTER, CHANGCHUN INSTITUTE OF OPTICS, FINE MECHANICS AND PHYSICS, CASAPRIL 17, 2026
Single Photons Emitted by a Quantum Dot Experiment


Cover highlight of the experiment. Single photons emitted by a quantum dot embedded in a photonic device are coupled into a fiber and encoded by ‘Alice’ into three distinct time-bin qubits. After ‘Bob’ performs the decryption, a sequence of quantum keys is shared between the users. Credit: Credit: Light: Science & Applications (2026). DOI: 10.1038/s41377-026-02205-9

Quantum dot–based time-bin QKD achieves stable, long-distance secure communication with practical performance.

Quantum key distribution is the most advanced area of quantum cryptography and offers fundamentally secure communication for the future quantum internet. Solid-state light sources such as semiconductor quantum dots (SQDs) have drawn significant attention because they can generate high-quality non-classical photons for quantum communication. These sources can support higher key generation rates and may enable the use of quantum repeaters.

Another promising approach involves encoding information in the timing of photonic qubits, known as time-bin encoding, which is well-suited for long-distance communication. Time-bin qubits are especially resilient to environmental disturbances that typically disrupt optical fiber networks.

In research published in Light: Science & Applications, an international team from German and Chinese institutions reports the first true demonstration of time-bin quantum key distribution using an on-demand telecom semiconductor quantum dot device.


Experimental Time Bin Quantum Key Distribution Setup

Experimental time-bin quantum key distribution setup. A laser pulse is used to excite a quantum dot loaded in a cryostat cooled to 4K. The emitted single photons are extracted, filtered, and sent to the encoder, where three time-bin states are randomly encoded onto them. The time-bin qubits are decrypted at the receiver setup from Bob, which consists of a decoder, superconducting nanowire single-photon detector (SNSPD), and a time-to-digital converter (TDC). FPC: fiber polarization controller; PPS: programmable power source. Credit: Light: Science & Applications (2026). DOI: 10.1038/s41377-026-02205-9

High-Speed Quantum Dot System Achieves Record Key Rates Over 120 km

The researchers generated three distinct time-bin qubit states both deterministically and randomly using a self-stabilized encoder that converts polarized single photons from a telecom C-band quantum dot. At the receiving end, the qubits are decoded with an actively stabilized interferometer that includes a phase shifter, allowing continuous operation without manual adjustments. The system successfully transmitted signals over distances greater than 120 km (about 75 miles) through optical fiber while maintaining stable performance for more than 6 hours.

This proof of concept achieved the highest secure key rate reported for time-bin QKD systems using a high-performance quantum dot source. The device produces bright, high-purity single photons at an operating rate of about 76 MHz. Even after transmission across 120 km (about 75 miles) of standard optical fiber, the system keeps the average quantum bit error rate below 11%. Under realistic finite key conditions, it delivers an average secure key rate of approximately 15 bits per second, which is sufficient for practical uses such as encrypting text messages.

Stability, Performance, and Real-World Quantum Communication Impact

The researchers emphasize the significance of these results: “Telecom-band QDs with Purcell enhancement can provide high-brightness photons suitable for intercity fiber communication, making them promising candidates for integration into practical QKD systems.”

“Most existing QD-based QKD systems are vulnerable to changes in the practical quantum channel caused by environmental factors, such as turbulence, temperature, and vibrations. This necessitates active compensation. In contrast, time-bin encoding, where qubits are encoded in the temporal position of single photons, offers intrinsic stability against such channel fluctuations even without any complex compensation protocols.”


Quantum Bit Error Rate and Achievable Key Rates Over Fibre Distance

Achieved secure key rates over distance. Quantum-bit error rate and achievable key rates over fibre distance. The results show a maximum achievable transmission distance of 127km. Credit: Light: Science & Applications (2026). DOI: 10.1038/s41377-026-02205-9

They continue, “The system is operated continuously for 6 hours, highlighting the intrinsic robustness of the time-bin scheme enabled by the system, including the Sagnac interferometer (SNI), active feedback control, etc.”

“This result underscores the feasibility of integrating QD single-photon sources into stable and field-deployable time-bin QKD systems, marking an important step toward scalable, quantum-secure communication networks based on solid-state single-photon emitters.”

Reference: “Time-bin encoded quantum key distribution over 120 km with a telecom quantum dot source” by Jipeng Wang, Joscha Hanel, Zenghui Jiang, Raphael Joos, Michael Jetter, Eddy Patrick Rugeramigabo, Simone Luca Portalupi, Peter Michler, Xiao-Yu Cao, Hua-Lei Yin, Lei Shan, Jingzhong Yang, Michael Zopf and Fei Ding, 25 February 2026, Light: Science & Applications.
DOI: 10.1038/s41377-026-02205-9

This study was funded by the German Federal Ministry of Education and Research (BMBF) within the project QR.X, German Federal Ministry of Education and Research (BMBF) within the project QR.N, German Federal Ministry of Education and Research (BMBF) within the project SQuaD, German Federal Ministry of Education and Research (BMBF) within the project SemIQON, European Research Council, QuantERA II Programme, German Federal Ministry of Education and Research (BMBF), Deutsche Forschungsgemeinschaft (DFG, German Research Foundation), InterSync, and Germany’s Excellence Strategy (EXC-2123) Quantum Frontiers.

https://scitechdaily.com/quantum-breakthrough-unhackable-keys-sent-over-120-km-using-quantum-dots/

Going reload the ship, not boat tomorrow if some short group decides to try fancy business, they will be doomed! This will go into the 30’s fast an furious, just wait it out $$$$$$$

Sorry you missed out. We are only in the 2nd inning.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=177319656

Weekly Chart
https://schrts.co/dGDxrqqz

That giddy feeling? My personal sell signal.

Huge, back to the 30’s

Big Day for quantum stocks

Quantum Computing Stocks Rally After Nvidia Unveils New AI Model SuiteApril 15, 2026 8:37 AM
IH Market News
Shares of quantum computing firms moved higher in premarket trading on Wednesday after Nvidia (NASDAQ:NVDA) introduced a new family of open-source AI models aimed at advancing development in the quantum computing space.D-Wave Quantum (NYSE:QBTS) surged more than 8% in early trading, while IonQ (NASDAQ:IONQ) climbed 6.2%. Other players in the sector, including Infleqtion (NYSE:INFQ), Rigetti Computing (NASDAQ:RGTI) and Quantum Computing (NASDAQ:QUBT), also posted gains ranging from 3.9% to 5.5%.The newly introduced platform, branded NVIDIA Ising—named after a mathematical framework used to model complex systems—is designed to support researchers and businesses in building quantum processors capable of handling real-world use cases.According to Nvidia, the models are focused on tackling two of the biggest challenges facing the industry: error correction and processor calibration. The company said the system can deliver up to 2.5 times faster performance and triple the accuracy in the decoding processes required for quantum error correction.“AI is essential to making quantum computing practical,” said Jensen Huang, founder and CEO of NVIDIA. “With Ising, AI becomes the control plane — the operating system of quantum machines — transforming fragile qubits to scalable and reliable quantum-GPU systems.”Nvidia cited estimates from Resonance projecting the global quantum computing market will surpass $11 billion by 2030, with future expansion heavily dependent on advances in scalability and error correction technologies.Quantum computing is widely seen as having the potential to address highly complex problems across fields such as physics, chemistry and cybersecurity—tasks that remain beyond the capabilities of traditional computing systems. However, the development of stable and reliable machines continues to be a major hurdle, as existing systems remain highly susceptible to errors.Nvidia stock priceD-Wave Quantum stock priceIonQ stock priceInfleqtion stock priceRigetti Computing stock priceQuantum Computing stock price

Original: Quantum Computing Stocks Rally After Nvidia Unveils New AI Model Suite

Looks like some signs of life today, let's hope we maintain this momentum.

Yeah, it was time to give tech stocks a rest.

I closed out my short position on QBTS today.
I usually want a significant margin of safety on my investments... not buying until I think the investment is more than 30% undervalued. With a short position that was at $36/sh and $44/sh and now down below $14.70/sh, the gains beyond that are quite limited. The short placed at $36 is now worth around $21/sh, and the short placed at $44 is now worth around $29/sh.
The further gains are quite limited. Even if QBTS goes to $5 per share, these still will not be worth more than $31/sh and $39/sh. Holding on to these for lower prices cannot allow me to have the 30% margin of safety. And there is always the risk that more crazy people will bid this back up into the $30's.
This does not mean I will stop posting negative thoughts about QBTS or messages about how overvalued QBTS is, just that holding onto the short into the stock prices of $13/sh or $5/sh are not that interesting for me since further gains on the short are limited and risky.

I took out 8000 shares and like a dummy I put it in MU and now I’m getting killed in that . The street don’t care how well your company dose .

At this point I rate this at 50/50 on it going up or down from here. Resistance a tad over $20, so it currently doesn't look good. Thank goodness I've taken all my cost basis plus some out of this and am letting free shares ride.
If you played this right you've already made your money on it, and just like the precious metals, it may have gotten way overvalued, but is returning to where it belongs.
If you've shorted this, well that's investing. You've done the opposite of the rest of us with similar results.
This is a new sector that may well be the future, or a big bust.
I'll let the remainder of my shares do what they do.

Don't they still own over 3M shares?........You

do understand what you're looking at, don't you?

https://www.nasdaq.com/market-activity/stocks/qbts/institutional-holdings?page=2&rows_per_page=10

Schwab Research Gives QBTS an F:
D-Wave Quantum Inc
Data as of 03/20/2026
SCHWAB EQUITY RATING: F
Strongly Underperform
Percentile Ranking: 97 Data as of 03/20/2026
A 1-10 Strongly Outperform BUY
B 11-30 Outperform BUY
C 31-70 Marketperform HOLD
D 71-90 Underperform SELL
F 91-100 Strongly Underperform SELL
Last week's rating: F Strongly Underperform
Percentile Ranking: 94
Data as of 03/13/2026
Schwab Equity Ratings is a quantitative measure of the
equity's prospects for stock price appreciation over the next
twelve months in relation to its market peers.
PRICE VOLATILITY OUTLOOK
High Above average price volatility
Data as of 03/20/2026
High Above average price volatility
Medium Average price volatility
Low Below average price volatility
N/A Volatility score not available
Last week's rating: High Data as of 03/13/2026
Price Volatility Outlook measures the degree of variance
typically demonstrated by the equity in relation to its peers
within the same A-F ratings group. The outlook's
measurement is based on a six month forecast.
Managing a Portfolio Using Schwab Equity Ratings.
THIS WEEK LAST WEEK AVERAGE IMPORTANCE
D Growth Grade Negative Negative Medium
F Quality Grade Negative Negative High
D Sentiment Grade Negative Negative Medium
F Stability Grade Negative Negative Medium
D Valuation Grade Negative Negative Low
QUARTERLY POSITIVE/NEGATIVE
EARNINGS SURPRISE ANNOUNCEMENT
$-0.12 $-0.41
$-0.55
$-0.019
Next earnings announcement is expected in the week of 5/7
Price as of 3/23/26 $16.31
Market Capitalization $6.0 Billion
Asset Class Small Cap
Beta 1.72
METRICS
P/Free Cash Flow last 4Q -- 124.7
P/Sales last 4Q 245.39 8.16
Price/Book 6.9 15.2
MOMENTUM METRICS (%)
4 week stock price change -9.6 -3.8
26 week stock price change -36.5 -1.7
FINANCIAL METRICS (%)
Gross margin 82.6 53.9
Net margin -1444.1 23.2
Return on assets -63.7 17.2
Return on equity -77.6 146.5

Most of that differs from what you claimed……

a couple of weeks ago regarding IPO’s. The only one that applies is INFQ and it has an RS Rating of 18 per MarketSurge/IBD and is a very very small company $533MM. Typical IPO trading action too.

Taking the limelight? How so? The last earnings report was off 7300%.

As to it being a diluted space, I agree. The cream will rise to the top. D Wave will have to prove themselves like everyone else.

yep I agree, its all about the Gorilla game (Geoffery Moore c 1995) where ultimately one will emerge as the leader - he used Intel and Oracle as examples.
Whether DWave is one of the last few remaining is har d to tell but mosto f these new , late to the market companies will have to have incredible USP's to succeed beyond the funding they can get.

Quantum companies that are announcing far more new developments than Dwave are:
Horizon Quantum is already public recently and more impressive than Dwave
Infleqtion has a better story and just got IPO last month. They are taking a lot of the limelight
Xanadu is going to go public probably this week and is a far better organized company than Dwave. They at least have more impressive PRs.
IQM is probably going to suck in $2 billion in valuation from dupes later this month
The French company, Pascal, is going to gather another $2 billion in IPO valuation next month based on press releases that are more impressive than DWave
These quantum companies are like cryptocurrencies. There are new ones popping up every month but most are not going to do more than send out announcements and try to dupe folks into the Ponzi scams
PsiQuantum is progressing far faster than Dwave and will probably become public later this year
But there are far too many companies chasing less optimistic investors/gamblers, and the money is drying up. It is a dilution within each company and a dilution across a huge range of companies with me-too press releases.

It may be that a single quantum computer may be limited to 1000 qubits BUT how about parallel/networked quantum computers?
We have seen the benefits of parallelism with regular CPUs and this could be the initial method of of ramping up the compute necessary for some of the interesting applications.

however todays quantum computers are already solving real commercial problems faster than regular ones ever have. As more qubits and better fidelity come in these commercial applications will only grow and return more accurate answer more quickly.

We may not need over 1000 logical qubits

Slim was saying there were other companies…..

that recently IPO’d leaving D Wave in the dust, but never said who they were.

Go figure.

Happy Friday!

Yeah but you don't like anything! It must make you so happy to see everything tank.
Of course you touted silver and it's down 15% in five days.

QBTS is probably worth only $750 million. That would put it around $1.50 per share.
Recently, quantum expert, Professor Tim Palmer of Oxford University said it is possible that no more than 1000 qubits can be maintained in coherence due to the descretization limits of Hilbert space:
https://arxiv.org/pdf/2510.02877
The science of this proposed view is testable and has been accepted for publication. That would mean quantum computing would be limited, and that 2000-bit RSA decryption is not something quantum computing would be able to solve.

Do you have tickers of those leaving QBTS in…..

the dust?

MarketSurge has OSS and 2 others ahead of D-Wave, but none are recent IPO’s.

What companies are you referring to?

Thx

Ya know, you could have posted about losses on almost any board last week.
In fact, this stock feel about equally to silver....actually in the last 5 days QBTS down 7%, silver down 10%

QBTS lost $1.5 million this week in the prior year.
QBTS is losing over $2 million THIS week. They are losing more money and will lose over $2 million next week.
On top of this, this month, analysts have increased their estimates of the losses of QBTS by 1.5X. They had been projecting a lot of 6 cents/sh, but now raised that loss to 9 cents/sh.
There are more quantum companies IPO'ing and many are leaving D-Wave (QBTS) in the dust, as QBTS is just continually making promises yet accomplishing nothing except generating tired old press releases and further diluting shareholders.

I see it in a box the past month.......and

in this choppy market it will likely need a catalyst to get thru $23.50.....ie out of the box.

GL

I dunno. I'm a chart guy. The only thing I can see is a double resistance line and the stock needs to get above $23.50

An IBM deal possible? Just asking’…….

D-Wave Quantum (NYSE: QBTS) recently joined the Southeastern Quantum Collaborative as an inaugural member alongside UAH, Davidson Technologies, IBM, and Alabama A&M University to accelerate quantum technology advancement and workforce development. A D-Wave Advantage2 system is now hosted at Davidson's Huntsville headquarters.