Keep an eye on quantum computing stocks like D-Wave Quantum (QBTS).
After finding strong support at $4.50, QBTS is just starting to pivot higher. Last trading at $6.91 we’d like to see it rally back to $11 initially.
Helping, the company just “announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery.”
Even better, the company is seeing strong growth.
In fact, QBTS says it expects for first quarter 2025 revenue to exceed $10 million, as compared to expectations for $2.55 million. It’s also seeing strong growth in full-year and quarterly bookings. For example, in 2024, bookings were up 128% year over year. For the full-year, bookings were up 502% year over year to $18.3 million.
Sincerely,
Ian Cooper
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