DiLullo John D sold $20K of QBTS

D-Wave Quantum (QBTS) shares fell 0.34% to $17.42 in premarket trading. The decline follows a strategic partnership with CGI and ongoing federal funding of up to $100 million. The company is also showcasing its technology at the Quantum World Congress and expanding in Asia-Pacific.

IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) stocks are rising pre-market. IonQ announced progress in quantum error correction, boosting sentiment. Analysts see significant upside: IONQ ($71 avg. target, 74% upside), RGTI ($29.50 avg. target, 79% upside), QBTS ($35.79 avg. target, 104% upside).

D-Wave Quantum (QBTS) shares rose 4.0% today, potentially driven by a new partnership with CGI to expand commercial adoption and a $100M U.S. government funding agreement. The partnership integrates D-Wave's quantum platforms into CGI's services, targeting sectors like logistics and energy. Analysts have set a median price target of $40.0 for QBTS.

IonQ (NYSE:IONQ) announced a real-time quantum error-correction decoder, causing its stock to rise 11.93% premarket. The company claims its technology handles up to 408 logical qubits with minimal delay. Other quantum stocks, including D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI), also gained. IonQ's stock is still 46% below its 52-week high of $84.64.

D-Wave Quantum (QBTS) shares fell 60% from their 52-week high. The company reported a 1,120% year-over-year increase in bookings to $35.5 million, but revenue remained flat at $3.1 million. It received $100 million in U.S. government funding for R&D. Analysts are bullish, with an average price target of $35. However, the company has a high cash burn rate of $37 million per quarter and trades at a high valuation.

IONQ shares rose 12.27% after hours to $45.74 after announcing a quantum error correction breakthrough. RGTI, QBTS, and QUBT also gained. The technology aims to reduce errors in quantum computing. IONQ tested it on circuits simulating 408 logical qubits, adding minimal execution time.