Promotions D-Wave Quantum Inc. NYSE: QBTS More than 18% expressed after the company announced mixed results in its income report in the fourth quarter of 2024. Revenue in the amount of 2.3 million dollars. The United States broke expectations of 2.2 million dollars. USA. Nevertheless, the negative profit per share in eight cents was worse than analysts of negative six cents expected.
D-Wave Quantum Today
- 52-week range
- $ 0.75
▼
$ 11.41
- Value is valuable
- $ 8.42
The cause of the surge of the action appeared the day before earnings, since D-Wave Quantum announced that he had reached “quantum superiority” compared to traditional computers. The Advantage2 system of companies with its anneal quantum chip solved the problem of modeling magnetic materials related to the detection of materials in 20 minutes. According to D-Wave, one of the most influential supercomputers in the world will take almost a million years to solve the same problem.
Alan Barrett, Chief Executive Director (General Director) D-Wave, called the achievement of “Holy Grail for quantum calculations.” Barrett noted that confusion arises in the industry with respect to terms such as quantum superiority and quantum advantage or quantum utility. However, in this case, Barrett notes that this is a demonstration of true quantum superiority
This announcement, along with the promotion of recommendations on further income from D-Wave, caused the initial surge in other quantum computing shares. Righetti computer NASDAQ: Rugi Grew by 13%, and Ionq Inc. NYSE: Ionq about 10%grew. However, when the trading session transferred at noon, these profits disappeared when investors continued to lose his appetite for technological actions.
Nevertheless, the announcement can potentially help the quantum calculation sector recover after the sale that occurred after Nvidia Corp. NASDAQ: NVDA In January, Jensen Juan suggested that it would pass at least 20 years before quantum calculations become “very useful”.
Quantum projects D-Wave 10 million US dollars.
One of the main announcements of D-Wave Quantum’s income was its income of 10 million US dollars for the current quarter-mail one four times the previous quarter and exceeded the total income of 2024 in the amount of $ 8.8 million. USA.
Nevertheless, the key driver of this surge is the sale of the Quantum computer Advantage D-Wave. Although this means this is not the type of repeated income on which investors can count on the whole year.
What is more encouraging is that the company announced an entry for booking in the amount of 23.9 million dollars. USA throughout the year. This increases by 128% compared to 13.4 million dollars. USA in the form of bookings published in 2023. D-Wave also reported a consolidated monetary balance of more than $ 300 million.
Have a game plan for a potential short compression
One of the reasons why QBTS shares are growing is 21% of short interest that goes to profit. In fact, investors increased their short positions by 23% 30 days before earnings. This can nourish a short compression, as traders should cover their short positions.
In midday trade, it does not seem that there is enough volume to force to squeeze. Nevertheless, traders should note that QBTS shares began their recent rebound right in their 100-day simple sliding medium (SMA). And at the time of writing this article, it also intersects according to its 50-day SMA.
D-Wave Quantum Inc. (QBTS) Prices for Saturday, March 15, 2025
It is important to note that traders control short compressions. They can be difficult even experienced traders to navigate. Therefore, if you are committed to D-Wave Quantum as a long-term reserve, it is time to have a game plan.
Even after the sale of more than 30% until 2025, shares have increased by more than 160% over the past 12 months. This is an impressive benefit, and almost all this happened since November 2024. If the shares continue to grow more than $ 7 per share, it may be a good idea to get some profit.
Why caution? Despite the whole promise, D-Wave Quantum is not profitable and is unlikely to be profitable for some time. Investors are quite concerned about the assessment of profitable companies. They begin a little patience for companies that have not yet shown profit.
D-Wave can substantiate quantum superiority in the field of physics. But as an investor sector, the battle for superiority continues. QBTS shares are a promising name, but this is one of many for investors.
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