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D-Wave Quantum shares rose 12% to $32.72 on strong revenue growth despite a modest loss.
D-Wave Quantum (QBTS) shares rose 12% to $32.72 on Friday after reporting second-quarter revenue of $3.10 million, a 40.9% year-over-year increase, despite a loss of $0.08 per share, slightly below estimates.
The company, which develops quantum computing systems and cloud services, has a market cap of $11.19 billion and a negative P/E ratio of -31.16.
Analysts maintain a "Moderate Buy" consensus with a $20.27 price target, while institutional investor Brown Miller Wealth Management held a $1.26 million stake, owning 3.20% of shares after selling 28,200 shares in the quarter.
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Las acciones de D-Wave Quantum subieron un 12% a $32.72 debido al fuerte crecimiento de los ingresos a pesar de una pérdida modesta.