BillionDollarBreaks Archive - Page 3 of 19

FridayJan 24, 2025 9:58 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Raises $150 Million in Equity Offering

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has completed its $150 million "at-the-market" equity offering program, selling shares at an average price of $6.10, a 3.7% premium over the volume-weighted average price during the sales period. The company currently has approximately $320 million in cash, which it will use for working capital and capital expenditures in support of D-Wave’s ongoing technical development efforts and business operations. CEO Dr. Alan Baratz stated that the company believes that the funds will provide the company with the…

TuesdayJan 14, 2025 7:30 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Refutes NVIDIA CEO’s Quantum Computing Comments on CNBC

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz appeared on CNBC’s “The Exchange” on January 8th to address recent comments by NVIDIA CEO Jensen Huang regarding quantum computing’s readiness. Dr. Baratz clarified that D-Wave’s annealing quantum computing systems are already commercially available and solving real-world problems, unlike gate-model quantum computers, which may still face significant development timelines. He highlighted D-Wave’s success in optimization problems, such as materials simulations, and emphasized the company’s work with a multitude of customers that are using D-Wave technology today to solve complex…

MondayJan 13, 2025 10:50 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Projects Approximately 120% Growth in 2024 Bookings, Secures First Advantage™ System Customer Sale

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that fiscal 2024 bookings will exceed $23 million, an approximately 120% increase from 2023, and fiscal Q4 bookings reached at least $18 million, an approximately 500% rise from $3 million in Q4 2023 bookings. The company also secured its first customer purchase of a D-Wave Advantage annealing quantum computing system, the world’s largest quantum computer with over 5,000 qubits, marking a significant expansion in its revenue model by including on-premise system sales alongside its Leap™ quantum cloud service. D-Wave ended fiscal 2024 with a record approximately $178 million in cash. To view the…

TuesdayJan 07, 2025 10:59 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Highlight Quantum Computing Advances at Needham Growth Conference

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leading quantum computing company, announced that it is participating in the 27th Annual Needham Growth Conference on Jan. 14, 2025. A fireside chat will feature CEO Dr. Alan Baratz and Needham senior analyst Quinn Bolton discussing D-Wave's advancements in quantum computing, its leadership in quantum optimization as a key use case, the growing application of its annealing technology in customer production environments, and the intersection of quantum computing and AI. To view the full press release, visit https://ibn.fm/zEu2M About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum…

MondayJan 06, 2025 1:25 pm

BillionDollarBreaks – Rumble Inc.’s (NASDAQ: RUM) Financial Journey and Tether’s Investment Impact

Rumble (NASDAQ: RUM) is a company that went public in 2022, aiming to build an internet infrastructure free from censorship. It competes with major players like YouTube and AWS. Despite its ambitious goals, Rumble has faced financial challenges, reporting a net loss of $116 million in 2023 and an additional $102 million in the first three quarters of 2024. Shares of RUM have recently reached 52-week highs, experiencing a remarkable 300% increase in value since their January lows. This surge is largely due to a substantial $775 million investment from Tether Limited, the company behind the stablecoin Tether (“USDT”). Tether…

MondayDec 16, 2024 10:42 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Completes $175M Equity Offering, Strengthening Financial Position

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, announced the successful completion of $175 million in gross proceeds from its $100 million and $75 million "at-the-market" equity offering programs. The $75 million program, initiated on December 9, closed at an average price of $4.8149 per share, with D-Wave stock trading at a Volume Weighted Average Price of $4.6625 over the same period. The company expects to conclude the fiscal 2024 fourth quarter with at least $160 million in cash. The funds will be used to…

MondayDec 09, 2024 7:30 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Highlights Commercial Success of Annealing Quantum Computing on Fox Business

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing, announced that CEO Dr. Alan Baratz recently appeared on Fox Business' Making Money with Charles Payne, discussing the state of the quantum industry and D-Wave's advancements in the space. Dr. Baratz emphasized that D-Wave operates the world’s largest quantum computers, which are being used now to support business applications. The company’s annealing quantum computing technology excels in solving complex optimization problems, such as workforce scheduling, logistics routing, and resource allocation. D-Wave views annealing as a key driver for the commercial adoption of quantum computing. To view the full press release,…

WednesdayDec 04, 2024 10:15 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Appoints Sharon Holt to Board of Directors

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, has appointed Sharon Holt to its board of directors. Joining recent board additions John DiLullo and Rohit Ghai, Holt brings extensive experience in semiconductors, embedded technologies, and intellectual property via executive roles held at Rambus Inc., Agilent Technologies, and HP. Currently a principal at Fraser Stuart Ventures, she also serves on the board of Infinera Corp. Holt expressed enthusiasm for supporting D-Wave’s role in advancing quantum computing for real-world applications, while board chair Steve West highlighted…

FridayNov 15, 2024 10:56 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Reports Q3 Progress with New Partnerships, Technical Milestones, and Continued Exploration of Quantum AI Solutions

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) shared its Q3 2024 business results, highlighting continued advancements in commercial quantum computing. Key developments include NTT DOCOMO, Japan’s largest mobile phone operator, planning to deploy a D-Wave-powered network optimization solution, a collaboration with Japan Tobacco on drug discovery leveraging quantum with artificial intelligence (AI), and D-Wave’s designation as “awardable” on the US Department of Defense’s Tradewinds marketplace. From a technology perspective, the company also completed calibration and benchmarking on a 4,400-qubit Advantage2™ processor, which is showing significant performance gains over the current Advantage™ system, the world’s largest quantum computer. D-Wave also introduced industry-leading…

FridayNov 08, 2024 11:42 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Showcases Quantum Computing Innovations at University of Southern California’s Quantum Technologies Forum

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) recently participated in the Quantum Technologies Forum hosted by the University of Southern California (USC), presenting the latest advancements in its annealing quantum computing technology. D-Wave’s participation in the event highlights the company’s ongoing partnership with USC, which was the first organization to host a D-Wave Advantage™ quantum system in the United States in 2022. Through D-Wave’s Leap™ quantum cloud service, USC’s Viterbi School of Engineering has leveraged this 5,000+ qubit system—the largest of its kind—for pioneering research in areas such as protein binding classification and quantum coherence. The forum, which convened experts across…

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