Quantum computing company shares experienced notable gains following D-Wave Quantum’s optimistic revenue forecast and reported advancements. D-Wave’s stock surged approximately 15% to $6.71 after announcing expectations for first-quarter revenue to exceed $10 million, primarily due to the sale of an Advantage quantum computer.
In its fourth-quarter report, D-Wave disclosed a net loss of $86.1 million, or $0.37 per share, which was higher than analysts’ anticipated loss of $0.09 per share. Despite this, the company’s revenue reached $2.3 million, surpassing expectations of $2.2 million, and bookings increased to $23.9 million, reflecting strong customer interest.
D-Wave also published a paper in Science demonstrating its quantum computer’s superiority over classical supercomputers in specific tasks, marking a significant milestone in the field.
These developments have positively influenced other quantum computing companies. Quantum Corp’s shares rose by 26%, and Quantum Computing Inc’s shares saw a 2% increase. However, IonQ’s stock declined by 5.3% due to Kerrisdale Capital’s short position, despite previous strong performance in 2024.
Investors are increasingly interested in quantum computing, acknowledging its potential to revolutionize various industries, even though the technology is still in its early stages.
