Stock surge for D-Wave Quantum Corporation today
D-Wave Quantum Announces First Quantum Computing User Conference in Tokyo
D-Wave Quantum, the world's first commercial supplier of quantum computers, has announced its first-ever quantum computing user conference. The event, named Qubits Japan 2025, is scheduled to take place in Tokyo, Japan.
The conference aims to showcase D-Wave Quantum's quantum computing technology to the Japanese market, capitalizing on the growing demand for quantum computing technology. The company is the only entity building both annealing and gate-model quantum computers, offering a diverse range of solutions.
The announcement has led to a significant increase in D-Wave Quantum's stock. Today, the company's shares saw a 6.17% increase, trading at $23.93. The day's range for D-Wave Quantum's stock is $22.35 - $24.84, with an average volume of 42,737,802. The 52-week range for the stock is $0.87 - $24.85.
D-Wave Quantum's gross margin stands at 82.46%, indicating a strong financial performance. However, the company's annual revenue of $22.3 million is growing rapidly, but it remains a long way from profitability. With losses of over $280 million in the last 12 months, analysts predict that D-Wave will not earn its first profit until at least 2030.
The company is seeing growing interest and adoption of annealing quantum computing technology across the Asia Pacific (APAC) region. In fact, D-Wave Quantum has seen an 83% increase in bookings for its annealing quantum computing technology in the APAC region.
Unfortunately, there is no information available about the leader or organizer of the Qubits Japan 2025 conference in the provided search results.
D-Wave Quantum's stock volume is 80,856,464. The company's market capitalization stands at $8 billion. The conference is expected to provide valuable insights into the future of quantum computing and D-Wave Quantum's role in it.
In afternoon trading on Thursday, ET, D-Wave Quantum's shares soared 7.8%. The conference promises to be a significant event for the quantum computing industry and D-Wave Quantum.
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