Overview
- D-Wave announced a $550 million deal to acquire Quantum Circuits, combining $300 million in stock and $250 million in cash to add error-corrected superconducting gate-model technology.
- Rosenblatt cited D-Wave’s on-chip cryogenic control progress tied to the Quantum Circuits deal and raised its price target to $43, while initiating Quantum Computing Inc. at Buy with a $22 target.
- Yahoo Finance analysis highlights stark gaps between sales and market caps, including D-Wave at ~$24 million TTM revenue versus a ~$10 billion valuation and Rigetti at ~$12.7 million versus ~$8.5 billion.
- Skeptical assessments persist on commercialization timing, with Morningstar estimating five to 10 years for early use and roughly 20 years for general-purpose systems as academics question error-correction feasibility.
- Bullish case points to ongoing milestones and growth, including IonQ’s reported 99.99% two-qubit gate fidelity and first-nine-months 2025 revenue of $68 million, more than doubling year over year.