What To Know: On Monday, D-Wave participated in the Quantum Technologies Forum at the University of Southern California (USC). During the event, D-Wave highlighted advancements in its annealing quantum computing technology and presented practical use cases from commercial and research clients. Notably, USC hosts a D-Wave Advantage quantum system, emphasizing the company’s foothold in both academic and enterprise applications.
The broader quantum computing industry has seen increased activity. Analysts project the global enterprise quantum computing market will grow at a compound annual rate of 29.7%, reaching $10.83 billion by 2028. This growth aligns with forecasts suggesting quantum computing could generate a $1 trillion economic impact by 2035.
In the financial community, D-Wave’s CEO, Dr. Alan Baratz, recently appeared on Fox Business to discuss the company’s advancements and the growing commercial adoption of its quantum technology. Baratz emphasized the company’s role as a leader in delivering quantum solutions for operational use cases, reinforcing its position in the market.
QBTS Price Action: D-Wave Quantum shares were up 32.0% at $4.98 at the time of writing, according to Benzinga Pro.
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