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Stock impact report

Move Over D-Wave, Alphabet Is Taking Over Quantum Computing [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
Alphabet has massive capital resources and has been making big breakthroughs in quantum-computing tech. 10 stocks we like better than Alphabet › D-Wave Quantum has been making waves in the quantum-computing space . The company's focus on quantum-annealing technologies have enabled it to achieve more rapid commercialization compared to many other pure-play companies in the space, and the business has been posting encouraging sales growth that could point to explosive long-term opportunities. In the third quarter, D-Wave's revenue roughly doubled to reach $3.7 million. Meanwhile, sales across the first three quarters of the year came in at $21.8 million -- representing annual growth of 235%. Despite encouraging growth and mounting real-world applications for its quantum tech, investors could be better served by investing in a much larger player in the space. D-Wave's quantum-annealing tech platform is further down the commercialization pathway compared to the universal gate-bas Show less Read more
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