Overview
- IonQ jumped about 60% and D‑Wave rose roughly 52% over the week after Nvidia released Ising Calibration and Ising Decoding, two open-source models that automate quantum processor tuning and help decode errors.
- IonQ reported linking two separate trapped‑ion systems with light, a step toward networked quantum machines that pass information between processors.
- D‑Wave said commercial bookings are already running ahead of its total for all of fiscal 2025, giving investors a concrete sign of business traction.
- Wall Street and institutions are leaning in, with Northland initiating IonQ at Outperform with a $55 target and KBC Group NV lifting its IonQ stake by about tenfold in Q4.
- The next checkpoint for fundamentals arrives on May 6 when IonQ reports Q1 2026 results, as several outlets still caution that most quantum players remain unprofitable and early in commercialization.