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Quantum Computing, Inc. Announces Private Placement of Common Stock for Proceeds of $100 Million
Prnewswire· 2025-01-08 04:50
Financing and Capital Raise - Quantum Computing Inc (QCi) has entered into securities purchase agreements with institutional investors for the private placement of 8,163,266 shares of common stock at $12.25 per share, expected to generate gross proceeds of $100 million [1] - The offering is priced at a substantial premium compared to the company's two recent offerings, bringing the total gross capital raised since November to $190 million [3] - The net proceeds will be used for working capital, general corporate purposes, and to advance the development and manufacturing of photonics, thin-film lithium niobate (TFLN), and quantum technologies [2][3] Business and Technology - QCi is an integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines operating at room temperature and low power [6] - The company's portfolio includes core technologies and products with unique capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [6] - QCi aims to capitalize on opportunities in the TFLN photonic chip and quantum computing markets through its multi-year growth plan [3] Transaction Details - The private placement is expected to close on or about January 9, 2025, subject to customary closing conditions [1] - Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering [3] - The securities issued in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [4]
Quantum Computing Stocks Dive After Nvidia CEO Says Tech 15-30 Years Away
Investor's Business Daily· 2025-01-08 02:19
Quantum Computing Industry - Quantum computing stocks IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) experienced significant declines following Nvidia CEO Jensen Huang's comments that quantum computing technology will not be "very useful" for 15-30 years [1] - Jensen Huang stated that a 15-year timeline for useful quantum computers would be on the early side, while 30 years would be on the late side, with 20 years being a more widely accepted estimate [2] - Quantum computing stocks had previously surged after Google parent Alphabet (GOOGL) announced a chip breakthrough in early December [2] Stock Performance - IonQ stock dropped 10.75%, Rigetti stock and Quantum Computing stock fell 12.9%, and D-Wave Quantum stock declined 14.1% following Huang's remarks [3] - Google stock remained relatively unchanged during the same period [3]
Ride the Quantum Computing Wave with These 2 Stocks: RGTI, QBTS
ZACKS· 2025-01-08 00:16
Quantum Computing Industry Overview - Quantum computing has emerged as a strong investment theme over the past several months, with the trend expected to continue throughout the year [1] - The excitement in the sector has been driven by Alphabet's announcement of its new quantum computing chip, Willow, which boasts state-of-the-art performance [2] - Quantum computing-related stocks, including Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), have seen significant outperformance over the last three months [1][11] Rigetti Computing (RGTI) - Rigetti is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 [3] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [3] - Rigetti's mission is to build the world's most powerful quantum computers to solve pressing problems in areas such as climate simulation, fusion energy, drug discovery, logistics optimization, and quantitative finance [3] D-Wave Quantum (QBTS) - D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world's first commercial supplier of quantum computers [7] - The company delivers practical quantum applications for diverse problems, including logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling [7] - D-Wave's technology is used by advanced organizations such as Mastercard, Deloitte, and Lockheed Martin [8] Market Performance and Outlook - Quantum computing-related stocks, including RGTI and QBTS, have soared following Alphabet's announcement of its quantum computing chip, Willow [11] - The quantum computing theme is expected to remain strong throughout 2025, driven by continued advancements and investor interest [10]
Quantum-Si's 327% Rally In Six Months: Is Nvidia The Catalyst For More Gains?
Benzinga· 2025-01-07 14:30
Quantum-Si Inc. QSI is stealing the biotech spotlight with a jaw-dropping 327% surge over the past six months. The proteomics pioneer's stock now sits at $4.10, boasting a strong bullish trend and catching investors' attention. But what's behind this meteoric rise, and can it sustain the momentum?Quantum-Si Stock: The Bullish BreakdownFrom a technical perspective, Quantum-Si stock is radiating bullish signals having recently made a Golden Cross. Chart created using Benzinga ProQSI stock is comfortably above ...
Quantum Computing, Inc. Secures Third and Fourth Purchase Orders for TFLN Photonic Chip Foundry, Concluding 2024 Pilot Launch Program
Prnewswire· 2025-01-07 13:30
HOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the receipt of its third and fourth purchase orders for its thin film lithium niobate (TFLN) photonic chip foundry. The orders, received from a renowned European technical university and a Canadian photonic integrated circuit (PIC) design house, mark a key milestone in the QCi Foundry Pilot Launch Program.The un ...
AI, Quantum, And Robotics in Focus – All Eyes On Nvidia CEO Keynote
Benzinga· 2025-01-06 17:55
To gain an edge, this is what you need to know today.All Eyes On NvidiaAn enlarged chart of NVIDIA Corp NVDA.Note the following:This article is about the big picture, not an individual stock.  The chart of NVDA stock is being used to illustrate the point.The chart shows that NVDA stock ran up on Friday in advance of the Consumer Electronics Shows (CES).The chart shows that in the early trade NVDA stock is further gaining.The chart shows NVDA stock is at the low band of the resistance zone.CES kicks off with ...
Call Traders Profit on Quantum Computer Stock Surge
Schaeffers Investment Research· 2025-01-06 17:45
RGTI saw more than 3.1 million options exchanged over the last two weeksThe quantum computing sector is one to watch in 2025, and one name stands out as a clear-cut favorite to begin the year. Rigetti Computing Inc (NASDAQ:RGTI) just earned a spot on Schaeffer's Quantitative Analyst Rocky White's list of stocks that drew the most options volume over the last 10 trading days.Per White's data, RGTI saw 2,151,362 calls and 1,034,859 puts traded during the last two weeks. During that period, the most active con ...
Interested in Quantum Computing but Can't Decide Which Stocks to Buy? You Might Want to Check Out This ETF.
The Motley Fool· 2025-01-06 10:00
Quantum Computing Stocks and ETFs - Interest in quantum computing stocks has risen, with companies like IonQ, Rigetti Computing, and Quantum Computing gaining attention [1] - These companies were penny stocks for most of last year but gained traction as quantum computing became a talking point among AI enthusiasts [3] - The Defiance Quantum ETF (QTUM) is highlighted as a better investment option compared to speculative quantum computing stocks [4] Defiance Quantum ETF Overview - The Defiance Quantum ETF focuses on AI and quantum computing, offering a diversified portfolio for investors [5] - The ETF holds top AI stocks like Palantir Technologies, Nvidia, and Taiwan Semiconductor Manufacturing, as well as defense sector names like Northrop Grumman and Lockheed Martin [6] - It also includes smaller, speculative quantum computing stocks such as Rigetti, IonQ, and D-wave Quantum [6] Investment Strategy and Performance - The Defiance Quantum ETF provides broad exposure to adjacent industries like semiconductors, enterprise software, and defense, offering insulation from individual stock volatility [7] - The ETF experienced steady gains in 2024, driven by AI's strong performance in the stock market, with notable valuation expansion in recent months [9] - The ETF is trading just below its 52-week high, with momentum likely to continue due to its core holdings in leading AI and quantum computing companies [10][11] Long-Term Investment Approach - A prudent strategy for investing in the Defiance Quantum ETF is dollar-cost averaging over a long-term horizon, allowing for increased exposure to high-growth markets while maintaining diversification [12]
Prediction: Quantum Computing Will Be the Biggest Theme in Artificial Intelligence (AI) in 2025. But Does That Mean You Should Invest in It?
The Motley Fool· 2025-01-04 13:31
Quantum computing stocks are soaring, but do the rising stock prices make sense?Over the last couple of years, technology stocks have captivated the investment world thanks in large part to breakthroughs in artificial intelligence (AI).Within the AI realm, semiconductor stocks in particular have benefited greatly. This is due to the fact that semiconductor companies such as Nvidia, Advanced Micro Devices, and Broadcom make important infrastructure such as graphics processing units (GPUs) and network equipme ...
Quantum Opportunity: Skywater Technology's Long-Term Potential
MarketBeat· 2025-01-04 12:46
Quantum Computing and Skywater's Position - Alphabet's breakthrough in quantum computing with the Willow chip has led to a surge in stocks linked to quantum tech, with Rigetti Computing's value rising several times over in a month, while Skywater Technology's shares increased by 61% in the past month [1] - Skywater's business is more diversified than just quantum computing, which explains its less substantial rise compared to Rigetti, yet it generates more revenue and trades at a fraction of Rigetti's valuation [2] - Skywater is a semiconductor manufacturer focusing on developing future semiconductor technology through a unique customer-funded CapEx model, where customers provide upfront capital to fund the development of custom semiconductor solutions [3][4] Revenue and Financial Performance - Skywater's revenue segments include Advanced Technology Services (ATS), Tools, and Wafer Services, accounting for 60%, 33%, and 7% of total revenue respectively in Q3, with total revenue reaching $94 million, a 31% increase from the previous year, though Wafer Services revenue declined by 54% due to weakness in the industrial segment [5] - The company has shown positive financial trends, with adjusted gross margin increasing by 190 basis points in Q3 2023 and adjusted EBITDA margin slightly rising to just under 12%, maintaining positive adjusted EBITDA for nine straight quarters and positive adjusted net income in the last two quarters [7] Quantum Computing Partnerships and Technology - Skywater has been involved in quantum computing since 2013, initially working with D-Wave and expanding its customer base to include firms developing proprietary tech for quantum and supercomputing, with a focus on quantum annealing and photon-based quantum computing [8] - The company's partnership with PsiQuantum involves developing photonic quantum computing chips at Skywater's plant, which operates at room temperature, offering potential benefits over Google's approach that requires maintaining chips at absolute zero, though some components still require cryogenic temperatures [9] Market Position and Valuation - Skywater's extensive experience in quantum computing and its ability to generate significant revenue and adjusted profits make it a more stable investment compared to other quantum stocks with minimal revenue [10] - The company's developmental nature and next-gen technology focus may make its revenue streams less volatile than other foundries, as evidenced by its rising revenues amid a slowdown in the chip industry, with a forward price-to-sales ratio of just over 2x compared to Rigetti Computing's 386x [11]