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Stock impact report

D-Wave Quantum Expansion And Volatile Valuation Create New Investor Reference Point [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
D-Wave Quantum acquired Quantum Circuits, becoming what it describes as a dual-platform quantum computing company. The company announced multi-million-dollar enterprise deals, including a $10 million contract with a Fortune 100 company and a $20 million system sale to Florida Atlantic University. D-Wave is relocating its headquarters and core R&D from Silicon Valley to Florida to support U.S. R&D and customer adoption. D-Wave Quantum, trading on the NYSE under ticker NYSE:QBTS, is drawing attention with this cluster of corporate moves alongside a share price of $21.22. The stock has seen sharp swings, with a 7 day return of a 17.2% decline and a 30 day return of an 18.9% decline, set against a very large 1 year gain and a multi year return that is more than 7x. For you as an investor, the mix of acquisition activity, sizable commercial contracts and a headquarters move sets a fresh reference point for how D-Wave is positioning itself in practical quantum computing. The next p Show less Read more
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