Quick Read – D-Wave (QBTS) surged 7% on an AT&T deal delivering a 240x network speedup, lifting IonQ (IONQ) 12% in a sympathy move. – After today’s bounce, QTUM is up 29% year to date, while pure-play quantum names remain down anywhere from 16% to 29%. – D-Wave trades at a…
ice-to-sales ratio of 483 against just $12 million in trailing revenue, making valuation the core bear case. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and IonQ didn’t make the cut. Grab the names FREE today
D-Wave Quantum (NYSE:QBTS) shares are up 7% to $19.29 in Monday morning trading after the company announced an expanded agreement with AT&T (NYSE:T) to deploy its annealing quantum systems across network operations. The catalyst is company-specific, yet the reaction is sector-wide. D-Wave Quantum stock is leading the tape by name recognition, but the sympathy names are actually outrunning it.
IonQ (NYSE:IONQ) shares are up 12% to $36.67, Rigetti Computing (NASDAQ:RGTI) stock is up 12% to $15.88, and Quantum Computing (NASDAQ:QUBT) shares are up 8% to $8.06. The Defiance Quantum ETF (NYSEARCA:QTUM) is up 1% to $141.12, a milder move that reflects its broader compute exposure. Today’s rally comes inside a sharp drawdown for the pure-play names, giving traders a bounce within a longer-term drawdown.