The shares of D-Wave and IonQ on the NYSE are currently experiencing a short-term correction following a previously euphoric rally in the quantum computing sector.
D-Wave Quantum
D-Wave has achieved a significant milestone with the launch of its new Advantage2 generation. The new quantum computer has recently become available in 40 countries and features 1,200 qubits with 20 times the connectivity of its predecessor. For 2027, D-Wave is already planning a chip with 7,000 qubits, highlighting technological advancement. These developments led to a strong price increase of around 60 percent since the beginning of the year, with the launch immediately triggering a daily gain of about 20 percent.
Additionally, D-Wave was able to significantly increase its revenues in the first quarter (to approximately 15 million US dollars) while also significantly reducing the net loss (from previously 24 million to now around 5.4 million US dollars). The gross margin rose to over 92 percent, primarily due to higher-valued cloud revenues.
Another important impulse came from a deal with Ford Otosan: The joint venture utilizes a hybrid quantum solution from D-Wave to optimize the production of the Ford Transit, drastically reducing planning times – from originally about 30 minutes to less than five minutes. This demonstrates the practical utility and industrial potential of the technology.
IonQ
At IonQ, there were also positive signals from statements by the CEO, which led to price gains before the recent setback. However, profit-taking or correction was observed on the last trading day for IonQ shares while D-Wave’s shares rose.
Sustainability of Growth
The question of the sustainability of this growth remains open: While technological advancements at D-Wave and initial commercial applications such as with Ford Otosan are promising, the company is still at the beginning of a long road towards broad industrial use and a real quantum advantage around 2030. As a result, investors are required to weigh the short-term price fluctuations against long-term potential.
In summary, it can be said:
- The short-term correction reflects typical market reactions after strong rises.
- Technologically, D-Wave is making significant progress with Advantage2.
- Positive business developments like partnerships strengthen confidence.
- Long-term, much depends on achieving a real quantum advantage.
These factors currently determine the dynamics behind the stock movements of both companies in the quantum computing sector.