Infleqtion, Inc.Revenue surged 112% year over year.
Quantum computing stocks surged on Friday after second-quarter earnings reports showed significant revenue gains across the sector. D-Wave climbed 7% after BMO Capital Markets initiated coverage with an Outperform rating and a $35 price target, citing an addressable market opportunity of $450 billion to $850 billion. Rigetti jumped 9% as system and component sales reached $4.1 million, up from zero a year earlier, while Quantum Computing leaped 8% after revenue rose to $5.6 million from $65,000. IQM Quantum Computers popped 7% after second-quarter revenue increased 27% year over year to $7.8 million and it guided full-year revenue of $49 million to $55 million, and Infleqtion surged 9% on a 112% year-over-year revenue jump. IonQ increased 7.5% after announcing a partnership with the Canadian Microelectronics Corporation to expand quantum computing access to Canada-based researchers and businesses.
Infleqtion, Inc.Revenue surged 112% year over year.
IONQ IncPartnership with Canadian Microelectronics Corporation to expand quantum computing access to Canada-based researchers and businesses.
D-Wave Quantum Inc. Common StockBMO initiated coverage with Outperform and $35 price target, citing large addressable market.
Quantum Computing IncRevenue rose to $5.6 million from $65,000, showing significant growth.
Rigetti Computing IncSystem and component sales reached $4.1 million, up from zero a year earlier.
International Business Machines