Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
D Wave Quantum Inc stock reached an all-time high of 29.23 USD, marking a significant milestone for the company. According to InvestingPro data, the company now commands a market capitalization of nearly $10 billion, with an impressive gross profit margin of 82.5%. This remarkable achievement comes amidst a staggering 1-year change of 3058.24%, reflecting the company’s rapid growth and increasing investor confidence. The stock’s performance has been extraordinary, with revenue growth of 120.2% in the last twelve months. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 15 additional key insights available to subscribers. D Wave Quantum Inc’s rise to this new high underscores its position as a key player in the quantum computing sector, with investors eagerly watching its next moves. For detailed analysis and comprehensive insights, access the full Pro Research Report available exclusively on InvestingPro.
In other recent news, D-Wave Quantum Inc. reported its second-quarter earnings for fiscal year 2025, revealing a wider-than-expected loss per share of -$0.08, compared to the forecasted -$0.05. Despite this earnings miss, the company achieved a significant revenue beat with $3.1 million, surpassing expectations of $2.59 million. In addition to its financial results, D-Wave announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region over the past 12 months. Benchmark has reiterated its Buy rating and $20.00 price target on D-Wave, highlighting the company’s strong momentum in technology, customer growth, and financial performance. Piper Sandler also raised its price target on D-Wave to $22.00 from $13.00, maintaining an Overweight rating. The firm cited the company’s June quarter earnings, which slightly exceeded expectations, and the traction gained from its Advantage2 system. Furthermore, D-Wave is set to host its first Qubits Japan 2025 user conference in Tokyo, focusing on practical applications of quantum technology. The company also partnered with North Wales Police to improve emergency response times through a project that optimized police vehicle placement using hybrid-quantum computing.
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