Movement Alert|D-Wave Quantum Inc. Rises 5.66% in Regular Trading, Signs Quantum Computing Financial Crime Detection Deal with Nasdaq Verafin

Market Focus
Aug 04

On August 4, D-Wave Quantum Inc. rose 5.66% in regular trading, trading at $20.47/share, with Turnover of $95.18 million.

On the news front, D-Wave Quantum and Nasdaq's Verafin jointly announced a partnership agreement to leverage quantum computing technology to revolutionize financial crime detection. The collaboration will integrate D-Wave's quantum computing leadership with Verafin's deep expertise in financial crime prevention, focusing on exploring quantum algorithms for anti-money laundering and anti-fraud applications to provide financial institutions with unprecedented risk insight capabilities.

Notably, D-Wave's commercial partnerships have been accelerating recently. Mizuho Securities previously raised its target price to $35, maintaining an Outperform rating, while Benchmark assigned a Buy rating with a $30 target price, citing improving quantum technology commercialization feasibility. The company's next earnings report is scheduled for August 6 pre-market, with expected EPS of -$0.12.

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