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Quantum Stocks Stay Hot as D‑Wave Lands €10 Million Deal and Target Lift

Analyst optimism grows following a European hardware deal that signals early commercial traction.

Overview

  • D‑Wave secured an agreement with Swiss Quantum Technology to deploy an Advantage2 system in Europe valued at €10 million, prompting Roth Capital’s Sujeeva De Silva to raise the stock’s price target to $50 with a Buy rating.
  • D‑Wave’s sixth‑generation Advantage2, now commercially available with more than 4,400 qubits, targets optimization, materials simulation, and AI workloads.
  • Reporting highlights D‑Wave’s balance sheet strength with more than $800 million in net cash, which is cited as reducing near‑term funding risk.
  • IonQ shares have surged roughly 1,200% over three years as the company pursues a full‑stack quantum strategy with hardware, networking, services, and access via AWS, Microsoft Azure, and Google Cloud.
  • Amazon disclosed ownership of about 850,000 IonQ shares in its latest 13F, while coverage notes quantum computing’s broader commercial relevance is commonly projected around 2030.