Billionaire Israel Englander's Millennium Management bought 2.27 million shares of D-Wave Quantum in late 2024 for $16.4 million. Since then, the stock has seen a volatile ride but gained nearly 100% over the trailing 12 months, reflecting strong revenue growth and major deals, including a $20 million university contract and a $10 million corporate agreement. Despite a recent dip and high volatility, D-Wave's unique position in quantum computing and strategic acquisitions support optimism. Analysts remain mostly bullish with a consensus price target of $35.17, suggesting significant upside ahead, though risks remain due to quarterly losses and cash burn.
All four major U.S.-listed pure-play quantum computing stocks—IonQ, Quantum Computing Inc., D-Wave Quantum, and Rigetti Computing—fell sharply by 6% to 9% on Friday. The sell-off reflects a sector-wide momentum reversal after strong gains in the past...
Quantum Computing's stock surged 26% following its Q1 2026 earnings report, which showed a smaller-than-expected loss per share and a massive 5,951% revenue increase driven by acquisitions of Luminar Semiconductor and NuCrypt. The company highlighted...
D-Wave Quantum reported an 81% decline in quarterly revenue, missing expectations. However, the company's stock rose as investors focused on a significant increase in bookings, driven by a recent $20 million system sale. This surge in bookings sugges...
