News Archives - Page 8 of 18 - BillionDollarClub

ThursdayFeb 22, 2024 3:04 pm

BillionDollarBreaks — Rivian Automotive Inc. (NASDAQ: RIVN) Stock Drops after Q4 Financial Report Misses Mark

Rivian Automotive (NASDAQ: RIVN) saw its stock reach a record low after the company released its Q4 results, which included a production and profit forecast that missed Wall Street expectations. According to the report, the company anticipates that vehicle production for 2024 will total an estimated 57,000 units, which is significantly lower than the 80,000 units projected. In addition, the company noted that in terms of full-year profitability, it estimates an adjusted EBITDA loss of $2.7 billion vs. the $2.59 billion expected, with capital expenditure outlays hitting $1.75 billion vs. the $2.37 billion forecast. Rivian also announced plans to lay…

FridayFeb 16, 2024 12:11 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Collaboration with Momentum Worldwide Featured in Fast Company Column

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in the development and delivery of quantum computing systems, and Momentum Worldwide, a global experiential agency within Interpublic Group of Companies (NYSE:IPG), have been working together on a pilot project to optimize experiential marketing tours and events. Momentum Worldwide provides large-scale experiential marketing and promotional tours for an array of well-known clients. The pilot project was featured in a recent “Fast Company” column from Momentum Worldwide global chief technology officer Jason Snyder, highlighting how quantum computing can be a practical solution for business problems. Titled “How Quantum Computing Technology Solves Real-World Business…

ThursdayFeb 15, 2024 12:13 pm

BillionDollarBreaks — Lucid Group Inc. (NASDAQ: LCID) Announces New Pricing, Benefits for Award-Winning Lucid Air

Lucid Group (NASDAQ: LCID), a company setting new standards for luxury electric experience with the Lucid Air, is committed to make it easier than ever to purchase the world's best electric vehicle: the Lucid Air. The company has announced pricing for the electric vehicle, with the Lucid Air Pure now priced from $69,900, the Air Touring is available from $77,900 and the Air Grand Touring from $109,900. In addition, two years of scheduled maintenance is included with every new Lucid Air purchase at no additional cost. The company is also offering a new charging allowance of $1,000 that can be put toward the purchase of…

WednesdayFeb 14, 2024 11:26 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Opens Up Access to the Newest Advantage2(TM) Prototype

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in the development and delivery of quantum computing systems, software and services and the world’s first commercial supplier of quantum computers, has announced that the Advantage2 prototype, which features 1,200+ qubits and 10,000+ couplers, is now available via the company’s LeapTM real-time quantum cloud service. According to D-Wave, customers with Leap service subscriptions can access the new Advantage2 prototype today. Those new to the Leap service can sign up and get up to one minute of free use of the actual quantum processing units (“QPUs”) and quantum hybrid solvers, including the new Advantage2 prototype. “Today marks…

TuesdayFeb 13, 2024 1:39 pm

BillionDollarBreaks – ROTH MKM Provides D-Wave Quantum Inc. (NYSE: QBTS) Analyst Day Takeaways, Reiterates Buy Rating

ROTH MKM attended D-Wave Quantum Inc.’s (“D-Wave” or “QBTS”) annual analyst day recently held at the company’s research & development headquarters. Suji Desilva, CFA, Managing Director and Senior Research Analyst at ROTH MKM, published an update as part of the investment bank’s ongoing equity research coverage to provide investors with a summary of the visit. Excerpts of the report include the following: “We believe QBTS leads the industry with 70 commercial customers and has significant pipeline visibility with its 25+ proof-of-concepts underway.” “We were encouraged by multiple QBTS customer presentations that highlight deep and impactful adoption of quantum annealing (QA).”…

TuesdayFeb 13, 2024 1:27 pm

BillionDollarBreaks – WestPark Capital Reiterates Buy Rating on D-Wave Quantum Inc. (NYSE: QBTS), Recaps Analyst Day Visit

WestPark Capital recently published its recap of the recent analyst day event hosted by D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in the development and delivery of quantum computing systems, software and services. Highlights of the visit included discussions by several customers about the benefits they are experiencing by using D-Wave’s solutions, anticipation for the launch of the company’s next-generation quantum processor, additional opportunities in government, and a growing number of use cases that have the potential to expand the size of the market opportunity for D-Wave to $100 billion by 2030. A key excerpt of the report reads,…

FridayFeb 09, 2024 12:14 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) and Zapata AI Partner to Usher in the Commercial Era of Quantum Machine Learning

D-Wave (NYSE: QBTS) is a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers. The company announced that it has entered a multi-year strategic partnership with Zapata Computing, Inc. (operating as “Zapata AI”), the industrial generative AI software company that develops solutions and applications to solve enterprises’ difficult, industrial-scale problems. Under the partnership, the companies will develop and bring to market commercial applications that combine the power of generative AI and quantum computing technologies. “Our agreement with Zapata AI marks a significant step toward realizing the potential of combining two of today’s most…

ThursdayJan 25, 2024 1:12 pm

BillionDollarBreaks – D-Wave Announces 1,200+ Qubit Advantage2(TM) Prototype, Strategic Collaboration with Deloitte Canada

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, today announced it has calibrated a 1,200+ qubit Advantage2(TM) prototype, which will soon be available in the company’s Leap(TM) real-time quantum cloud service. Developed with a lower-noise, multilayer superconducting integrated-circuit fabrication stack, the new prototype demonstrates significant performance gains on hard optimization problems and is expected to be particularly powerful for new use cases such as machine learning. “The new Advantage2 prototype represents a giant step up in performance,” said Mark W. Johnson, senior vice president…

FridayJan 19, 2024 1:50 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Appoints Former Secretary of Homeland Security to Board of Directors

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, has named former Secretary of the U.S. Department of Homeland Security Kirstjen Nielsen to its board of directors. A global expert and proven leader on security issues critical to the highest priorities of the United States, Secretary Nielsen has a vast background in enterprise risk, resiliency, cybersecurity and emerging threats. Secretary Nielsen has held a variety of domestic and international government roles, including serving as a key member of the White House Homeland Security Council, helping create…

WednesdayJan 17, 2024 2:37 pm

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) to Present at 26th Annual Needham Growth Conference

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, will be participating in this month’s Needham Growth Conference. D-Wave, which is the world’s first commercial supplier of quantum computers, will be represented at the conference by CEO Alan Baratz and CFO John Markovich, who are slated to present at 3 p.m. ET on Jan. 19, 2024. A recording of the presentation will be available on the company’s website following the presentation. In addition, members of the D-Wave management team will be available for one-on-one meetings with investors. To view the presentation, visit https://ibn.fm/cJ6Lg To view…

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