Quantum Stock Tracker: D-Wave, IonQ Q2 Earnings Roll In

Quantum stocks grabbed the attention of investors and analysts last week as second-quarter earnings reports came in. 

Here's a look at what happened in the quantum computing sector. 

D-Wave Quantum

Last Thursday, D-Wave Quantum Inc (NYSE:QBTS) reported second-quarter revenue of $3.1 million, beating analyst estimates of $2.63 million, but missed top-line expectation with a larger than expected loss per share. 

Following the print, Needham analyst N. Quinn Bolton reiterated a Buy rating on D-Wave Quantum with a $20 price target. 

Bolton pointed to the company's recent equity raises that have put D-Wave on its strongest cash footing ever, enabling the company to accelerate quantum technology development and expand its workforce and manufacturing capacity. 

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