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Stock impact report

D-Wave CEO shrugs off short attacks with ‘revolutionary' $550 million quantum computing acquisition [Fortune]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Fortune
This isn't totally surprising. All four companies—D-Wave Quantum, IonQ, Rigetti Computing, and Quantum Computing Inc.—have market caps in the billions of dollars, which in no way reflect the modest revenues generated by their day-to-day businesses. Alan Baratz, CEO of the 27-year-old Palo Alto, California-based company, says that short attacks are a hazard of the job. His company was the target of Kerrisdale Capital in April of last year, which argued “ there is no proof ” that D-Wave's quantum systems solve complex problems faster than ordinary “classical” computers. Recommended Video Nearly a year on from Kerrisdale's broadside, D-Wave's stock price has tripled, and a defiant Baratz is touting figures that counter Kerrisdale's accusations: a three-fold increase in revenue, more than 100 paying customers (including a new $10 million licensing deal), and a half-billion-dollar acquisition that will help D-Wave solve one of quantum computing's thorniest problems. Fighting off ‘ Show less Read more
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