U.S. Commerce registers D-Wave (QBTS) shares for resale—how big a stake?

D-Wave Quantum (QBTS) has secured a $100M agreement with the U.S. Department of Commerce to advance quantum computing leadership. The funds aim to expand domestic quantum capabilities, strengthen supply chains, and bring advanced quantum systems to market. D-Wave is a leader in quantum computing systems and services, serving over 100 organizations across various sectors.

D-Wave received $100 million in funding to advance its quantum computing technology and commercial applications. The company reported a 120% increase in its sales pipeline and aims to deliver 2-3 annealing systems annually, each generating $20-40 million. Despite being unprofitable, with a Q2 adjusted EBITDA loss of $37.1 million, D-Wave has a growing commercial pipeline and a consensus 'Strong Buy' rating from analysts, with an average price target of $34.81.

Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT) each received $100M from the U.S. Commerce Department for R&D and commercialization under the CHIPS Act, with the government gaining non-controlling stakes. Rigetti will focus on chip cooling and connectivity, D-Wave on supply chain and scaling, and Quantinuum on domestic manufacturing partnerships. The companies emphasize commercial viability, but investors should note that quantum computing remains in early development stage

The U.S. government awarded $100 million each to three quantum computing companies: Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT). Rigetti will use funds for superconducting quantum research, D-Wave for annealing and gate-model systems, and Quantinuum for supply chain improvements. Each company's technology and progress are key factors for investors.

The U.S. government is investing $100 million each in D-Wave Quantum (QBTS), Rigetti Computing (RGTI), and Quantinuum (QNT) via minority stakes, funded by the CHIPS Act. The companies' shares rose 10%, 8%, and 6% respectively following the announcement. Despite recent gains, all three stocks have declined year-to-date.

Shares of Rigetti Computing, D-Wave Quantum, Quantinuum, Quantum Computing Inc., and IonQ rose today after three received $100M each in U.S. government funding for quantum tech development under the CHIPS Act.