D-Wave Quantum Receives Bullish Initiation from TD Cowen

In a significant vote of confidence for the quantum computing sector, analysts at investment bank TD Cowen initiated coverage of D-Wave Quantum on Thursday with a buy recommendation. The firm’s research highlights D-Wave’s leadership in quantum annealing technology and points to substantial growth potential ahead.

TD Cowen’s optimistic stance is underpinned by D-Wave’s commanding presence in the quantum annealing market. The analysts project that expansion will be fueled primarily by sales of the company’s high-margin Advantage systems and its cloud services portfolio.

Recent financial performance supports this outlook. Over the last twelve months, D-Wave has reported a remarkable 156.2 percent surge in revenue, accompanied by Read more...