D-Wave Quantum Inc. (QBTS) recently surged 23.02%to $40.62 after JPMorgan announced a $1.5 trillion investmentin quantum computing. The company also joined the Q-Alliance in Italy, enhancing its strategic position in the growing quantum market.
- Strategic Alliances: D-Wave has joined the Q-Alliance in Italy, contributing to the creation of the world's most powerful quantum hub, aimed at accelerating scientific and industrial advancements.
- Upcoming Earnings: As Q3 earnings season approaches, D-Wave is expected to report modest revenue growth, along with other quantum computing firms like IonQ and Rigetti.
- Market Growth Potential: The global Quantum Warfare Market is projected to grow from $1.5 billion in 2024 to $9.7 billion by 2034, indicating strong future demand for quantum technologies.
