adventtr D-Wave Quantum ( QBTS ) shares rose 1.8% in premarket trading after the quantum computing firm reported first-quarter results. For the period ending March 31, the company said it lost an adjusted $0.05 per share as revenue fell 80.9% year-over-year to $2.86M, when the company generated $12.6M in revenue from its first sale of an annealing quantum computing system. Analysts had expected an...
adventtr D-Wave Quantum ( QBTS ) shares rose 1.8% in premarket trading after the quantum computing firm reported first-quarter results. For the period ending March 31, the company said it lost an adjusted $0.05 per share as revenue fell 80.9% year-over-year to $2.86M, when the company generated $12.6M in revenue from its first sale of an annealing quantum computing system. Analysts had expected an adjusted loss of $0.10 per share on $4.04M in revenue. Despite the revenue decline, D-Wave said it generated $33.4M in bookings, up a staggering 1,994% year-over-year and 149% sequentially. “D-Wave’s first quarter performance highlights what sets this company apart: strong execution, expanding commercial adoption, and differentiated technology leadership across both annealing and gate model quantum computing,” said Dr. Alan Baratz, CEO of D-Wave, in a statement. “As the only quantum computing company pursuing both annealing and gate-model quantum computing systems, we believe that D-Wave is uniquely positioned to participate in the full addressable quantum computing market. Our acquisition of Quantum Circuits is expected to meaningfully accelerate our delivery of a scalable, error-corrected gate model system, while our record-setting $10 million quantum computing as a service agreement with a Fortune 100 company reinforced growing demand for our annealing systems. We believe that D-Wave’s combination of commercial proof, technical breadth, and a differentiated path to gate-model error correction and scaling will be increasingly prominent as this market matures.” The company is set to host its first-ever investor day on June 1 at the New York Stock Exchange, where it will provide investors with an in-depth look at its technology leadership, product roadmap, commercial momentum, and long-term growth strategy. More on D-Wave Quantum D-Wave Quantum Vs. Quantum Computing: Early Revenue Premium Masks Long-Term Parity D-Wave Quantum: Sanity Returns D-Wave Quantum: Extreme Valuati...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Dubravko Lakos, JPMorgan, Head of Global Markets Strategy; Amanda Lynam, Goldman Sachs, Chief Credit Strategist; Henry ...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Dubravko Lakos, JPMorgan, Head of Global Markets Strategy; Amanda Lynam, Goldman Sachs, Chief Credit Strategist; Henry Fernandez, MSCI, CEO; Sanjay Jhamna, JPMorgan, Head of Global Credit Trading. (Source: Bloomberg)
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images BEIJING — Nvidia CEO Jensen Huang said it would be "a great honor" to travel to China with Donald Trump. But he isn't among the executives joining the U.S. president to meet Chinese...
U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images BEIJING — Nvidia CEO Jensen Huang said it would be "a great honor" to travel to China with Donald Trump. But he isn't among the executives joining the U.S. president to meet Chinese President Xi Jinping — a sign the chipmaker's sales in one of its most important markets are unlikely to recover soon. Huang has visited China multiple times in the last 18 months, including a high-profile trip last summer , underscoring Nvidia's efforts to maintain ties in a market that once accounted for at least a fifth of its data center revenue. But he is absent from Trump's closely watched visit this week, when more than a dozen U.S. executives will join the president, including chip company Qualcomm's Cristiano Amon, Tesla's Elon Musk and Apple's Tim Cook. Boeing's Kelly Ortberg is also part of the delegation, as the U.S. planemaker is expected to secure its first major Chinese order in years. Nvidia's most advanced chips, widely used for training AI models, have faced tighter U.S. restrictions on China sales over the last four years. The company said in February that U.S.-government-approved versions of the chips had yet to be allowed into China . The U.S. chipmaker's China sales are unlikely to recover anytime soon, experts told CNBC. watch now VIDEO 7:23 07:23 Steven Mnuchin on Trump's China trip, Iran war and U.S. budget deficit Money Movers There would be "very little" for Nvidia to gain in terms of deliverables if Huang joined Trump's delegation, Hao Hong, chief investment officer at Lotus Asset Management, told CNBC's Emily Tan on " The China Connection " on Tuesday. "It's highly unlikely that the more advanced form of Nvidia chips would be approved by the Trump administration for China to purchase," Hong said, adding that technology "decoupling" between the ...
Thunder beat Lakers 4-0 in Western Conference semis 41-year-old just finished his 23rd NBA season LeBron James isn’t ready to make a decision about his NBA future in the wake of the Los Angeles Lakers’ season-ending loss to the Oklahoma City Thunder on Monday. The visiting Thunder prevailed 115-110 to sweep the teams’ Western Conference semi-final series despite James registering 24 points and a g...
Thunder beat Lakers 4-0 in Western Conference semis 41-year-old just finished his 23rd NBA season LeBron James isn’t ready to make a decision about his NBA future in the wake of the Los Angeles Lakers’ season-ending loss to the Oklahoma City Thunder on Monday. The visiting Thunder prevailed 115-110 to sweep the teams’ Western Conference semi-final series despite James registering 24 points and a game-high 12 rebounds. Continue reading...