D-Wave Quantum ( (QBTS) ) has issued an update.
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D-Wave Quantum Inc. announced the successful completion of $175 million in gross proceeds from its ‘at-the-market’ equity offering programs. This funding strengthens the company’s financial position, allowing it to enhance its technical development efforts and execute its product and go-to-market strategies, thus positioning D-Wave for future growth and impact in the commercial adoption of quantum computing.
More about D-Wave Quantum
D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers. The company focuses on both annealing and gate-model quantum computers, aiming to deliver customer value through practical quantum applications in various sectors such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
YTD Price Performance: 368.18%
Average Trading Volume: 18,326,970
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.2B
For a thorough assessment of QBTS stock, go to TipRanks’ Stock Analysis page.
