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Stock impact report

D-Wave Quantum (QBTS): Needham Reiterates Buy Rating with PT of $48 [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
The analyst noted the company's competitive edge in the broader quantum computing landscape, thanks to the acquisition of Quantum Circuits. Notably, the firm's analyst expects that Quantum Circuits' dual-rail qubits and D-Wave Quantum Inc. (NYSE:QBTS)'s cooling systems are expected to help build quantum computers with thousands of qubits. On January 20, D-Wave Quantum Inc. (NYSE:QBTS) announced the completion of its acquisition of Quantum Circuits Inc. This cements D-Wave Quantum Inc. (NYSE:QBTS)'s position as the first and only dual-platform quantum computing company worldwide, which builds annealing as well as gate-model quantum computing systems. These are built to cater to the full range of customers' complex computational problems. D-Wave Quantum Inc. (NYSE:QBTS) added that it has been helping the industry by delivering best-in-class annealing and gate-model technologies. D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and servic Show less Read more
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