D-Wave Quantum Rises 7% on Expanded AT&T Deal, Lifting IonQ, Rigetti, Quantum Computing Inc.

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Summary · why it matters

D-Wave Quantum shares rose 7% to $19.29 after announcing an expanded agreement with AT&T to deploy its annealing quantum systems across network operations. An early application cut a network optimization workload from about one hour to under 15 seconds, a 240x speedup, and AT&T plans to extend the work to outage detection, technician routing, network build planning, and traffic management. Benchmark initiated D-Wave at Buy with a $30 price target. Sympathy moves lifted IonQ 12% to $36.67, Rigetti Computing 12% to $15.88, and Quantum Computing Inc. 8% to $8.06, while the Defiance Quantum ETF rose 1% to $141.12. Rigetti also announced an expanded collaboration with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center to build TangleLab, a hybrid quantum-classical supercomputing testbed funded by a $5 million National Science Foundation grant, with full operations expected in 2027. Despite the rally, D-Wave trades at a price-to-sales ratio of 482.56 against trailing revenue of $12.44 million, and the pure-play quantum names remain down 16% to 29% year to date.

Impact on stocks 7

Quantum Computing▲ · 5 stocks
D-Wave Quantum Inc. Common Stock
QBTS
▲ PositiveDemandrelevance

Expanded AT&T deal to deploy annealing quantum systems, with a 240x speedup in network optimization, and AT&T plans to extend to multiple use cases.

Rigetti Computing Inc
RGTI
▲ PositiveTechnologyrelevance

Expanded collaboration with HPE and PSC to build TangleLab, a hybrid quantum-classical testbed funded by $5M NSF grant.

Cloud & Digital Infrastructure▲ · 1 stocks
AT&T Inc.
T
▲ PositiveDemandrelevance

Expanded agreement with D-Wave to deploy quantum systems for network operations, with plans to extend to multiple use cases.

Artificial Intelligence▲ · 1 stocks
Hewlett Packard Enterprise Co
HPE
▲ PositiveTechnologyrelevance

Rigetti's expanded collaboration with HPE and PSC to build TangleLab, a hybrid quantum-classical supercomputing testbed funded by a $5M NSF grant.

Theme Impact 3

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