D-Wave Quantum Stock Is Rising. Here’s What’s Driving It Higher.
1. D-Wave's Q3 revenue increased 100% to $3.7 million year-over-year. 2. Wider net loss of $140 million due to non-cash warrant charges. 3. Consolidated cash balance reached a record $836.2 million. 4. Bookings of $2.4 million increased 80% sequentially, indicating future revenue potential. 5. Competitors IonQ and Quantinuum reported positive developments, impacting market dynamics.