{"id":37231,"date":"2025-10-10T23:56:00","date_gmt":"2025-10-10T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=37231"},"modified":"2025-11-03T10:50:02","modified_gmt":"2025-11-03T02:50:02","slug":"d-wave-first-quantum","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/","title":{"rendered":"D-Wave, world&#8217;s first commercial quantum computer supplier"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Company_Profile\" >Company Profile<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Founding_of_the_Company\" >Founding of the Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#IPO\" >IPO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Technology\" >Technology<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Core_Technology\" >Core Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#D-Wave_Technology_Development_Trends\" >D-Wave Technology Development Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Dispute\" >Dispute<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Biggest_Weakness\" >Biggest Weakness<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Products_and_Business\" >Products and Business<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Latest_Products\" >Latest Products<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Product_Sales_Situation\" >Product Sales Situation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Customers_and_Partners\" >Customers and Partners<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#D-Waves_Customers\" >D-Wave&#8217;s Customers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Operational_Status\" >Operational Status<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#2024_Financial_Report\" >2024 Financial Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Q1_2025_earnings\" >Q1 2025 earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Balance_sheet\" >Balance sheet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Profitability\" >Profitability<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#D-Waves_competitors\" >D-Wave&#8217;s competitors<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Super-large_companies\" >Super-large companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Unlisted_companies\" >Unlisted companies<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#al_market_performance\" >al market performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Company_Profile\"><\/span>Company Profile<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.dwavequantum.com\/\" target=\"_blank\" rel=\"noopener\">D-Wave Systems (ticker:QBTS)<\/a> is widely recognized as the world&#8217;s first commercial quantum computer supplier, and it has been promoting it as such. The company has offices in Palo Alto, California, and British Columbia, Canada.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Founding_of_the_Company\"><\/span>Founding of the Company<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>D-Wave was founded in 1999 by Haig Farris, Geordie Rose, Bob Wiens, and Alexandre Zagoskin. Geordie Rose believed that the traditional way of conceiving quantum computers was a poor design, which had led to limited breakthroughs for a long time. In 2003, he believed that another bypass method to achieve quantum computing was found, which is still partially confidential. D-Wave was founded that year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"IPO\"><\/span>IPO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>D-Wave went public on August 5, 2022 through a SPAC (special purpose acquisition company) merger with DPCM Capital. The merged company began trading on the New York Stock Exchange under the ticker QBTS.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technology\"><\/span>Technology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Core_Technology\"><\/span>Core Technology<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The biggest difficulty of quantum computers is that quantum entanglement must be used to operate quantum bits, and any external factors will interfere with this process, so a large and complex machine design must be used to isolate any interference from the external environment, resulting in a limited number of quantum bits that can exist. The computer designed by Ross&#8217;s &#8220;adiabatic quantum computing&#8221; theory can avoid most of this problem, but this quantum computing computer can only perform <a href=\"https:\/\/en.wikipedia.org\/wiki\/Quantum_annealing\" target=\"_blank\" rel=\"noopener\">quantum annealing<\/a>.<\/p>\n\n\n\n<p>D-Wave is known for its computing speed. D-Wave pioneered quantum annealing technology, which is a near-term optimization-first method that has been used in practical applications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D-Wave_Technology_Development_Trends\"><\/span>D-Wave Technology Development Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>D-Wave focuses on quantum hybrid workflows that combine classical solvers with quantum accelerators. D-Wave&#8217;s quantum annealing system is specifically designed to solve complex optimization problems.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dispute\"><\/span>Dispute<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>But please note: the quantum computer designed by Ross&#8217;s &#8220;adiabatic quantum computing&#8221; is fundamentally different from the quantum computer under the full definition, for example, it cannot run Shor&#8217;s algorithm.<\/p>\n\n\n\n<p>The core methods of D-Wave&#8217;s quantum computer design are still partially confidential and not well known to the outside world.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Biggest_Weakness\"><\/span>Biggest Weakness<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>D-Wave&#8217;s biggest disadvantage is that it doesn&#8217;t utilize the mainstream gate-based architecture, which could hinder its development. This is because the primary customers for quantum computers are governments, particularly the US Department of Defense and Department of Energy research projects. However, the Department of Defense has stated that its research program will exclude vendors using non-gate-based architectures, putting D-Wave at a disadvantage. <\/p>\n\n\n\n<p><strong>Note<\/strong>: <a href=\"https:\/\/www.nasdaq.com\/articles\/2-government-initiatives-could-propel-quantum-computing-stocks-d-wave-quantum-rigetti\" target=\"_blank\" rel=\"noopener\">In early 2025, DARPA launched the Quantum Benchmarking Initiative (QBI). Stage A of this initiative invites companies to present plausible paths toward building utility-scale, fault-tolerant quantum computers by around 2033. This initial stage involved a six-month sprint to submit technical proposals. Participating technologies included superconducting, trapped-ion, neutral-atom, photonic, and silicon-spin qubits. Notably, D-Wave was not among the selected companies<\/a>.<\/p>\n\n\n\n<p>In August 2025, it was reported that D-Wave might acquire vendors using non-gate-based architectures to address this weakness and improve its competitiveness.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Products_and_Business\"><\/span>Products and Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Products\"><\/span>Latest Products<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Advantage2 is D-Wave&#8217;s sixth-generation annealing quantum computer (&nbsp;quantum annealinga), equipped with more than 4,400 qubits, 20-way qubit connection capabilities, and improved energy scale and noise suppression.<\/p>\n\n\n\n<p>Its Advantage2 processor supports more than 5,000 qubits, and the company is currently launching gate model quantum capabilities as part of its hybrid roadmap. Although annealing technology is not universal, it has been commercialized and has enterprise-level use cases in logistics, supply chain and finance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Product_Sales_Situation\"><\/span>Product Sales Situation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company&#8217;s quantum system can be deployed locally or through the cloud, with 99.9% availability and uptime, and has processed more than 200 million problems to date. More than 100 institutions around the world use D-Wave technology.<\/p>\n\n\n\n<p>Practical wins on logistics and scheduling problems, coupled with high-profile demonstrations of quantum supremacy, are proving to customers that D-Wave\u2019s technology can indeed make a significant difference.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Customers_and_Partners\"><\/span>Customers and Partners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D-Waves_Customers\"><\/span>D-Wave&#8217;s Customers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lockheed Martin became the first customer of a D-Wave system in the company\u2019s early days. NASA and Google also jointly ordered a D-Wave Two quantum computer with 512 qubits in 2013.<\/p>\n\n\n\n<p>From new deals such as Ford Otosan in the automotive field to Japan Tobacco in the manufacturing field, D-Wave is turning breakthroughs into revenue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operational_Status\"><\/span>Operational Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2024_Financial_Report\"><\/span>2024 Financial Report<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>D-Wave\u2019s total revenue for the full year of fiscal 2024 was $8.8 million, which was basically the same as $8.8 million in 2023.<\/li>\n\n\n\n<li>New orders signed: a record $23.9 million, up 128% from $10.5 million in 2023.<\/li>\n\n\n\n<li>GAAP gross profit: $5.6 million (+20%); gross margin increased from 52.8% to 63.0%. Non-GAAP gross margin: $6.4 million (+5%), gross margin increased to 72.8%.<\/li>\n\n\n\n<li>GAAP operating expenses: $82.8 million (down 3%) from $85.2 million in 2023, primarily due to lower stock-based compensation and service costs. Non-GAAP adjusted operating expenses: $62.4 million (up 3%)<\/li>\n\n\n\n<li>GAAP net loss: $143.9 million (-$0.75 per share), widening from $82.7 million (-$0.60 per share) in 2023. Primarily impacted by $68.3 million of non-cash warrant liability adjustments.<\/li>\n\n\n\n<li>Adjusted net loss: $75.6 million (-$0.39 per share), an improvement from $83 million (-$0.60 per share) in 2023.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_2025_earnings\"><\/span>Q1 2025 earnings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company had a strong first quarter in 2025:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue soared 509% to $15 million, thanks to sales of the Advantage2 system.<\/li>\n\n\n\n<li>Losses narrowed year-over-year from $17.3 million to $5.4 million.<\/li>\n\n\n\n<li>Gross margin soared to 93.6%.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Balance_sheet\"><\/span>Balance sheet<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ended 2024 with a cash balance of $178 million.<\/li>\n\n\n\n<li>After closing the first quarter of 2025, more than $307 million was raised through at-the-market (ATM) stock offerings, with a cash balance of more than $300 million.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profitability\"><\/span>Profitability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company is expected to remain loss-making for the foreseeable future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D-Waves_competitors\"><\/span>D-Wave&#8217;s competitors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Super-large_companies\"><\/span>Super-large companies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Including IBM, Intel, Microsoft, Amazon, Google and other super-large listed companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unlisted_companies\"><\/span>Unlisted companies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Among D-Wave&#8217;s competitors, there are many unlisted companies, but the more famous and currently active companies include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Xanadu Quantum Technologies<\/li>\n\n\n\n<li>PsiQuantum<\/li>\n\n\n\n<li>Quantinuum, formed by the merger of Cambridge Quantum and Honeywell Quantum Solutions<\/li>\n\n\n\n<li>Alpine Quantum Technologies<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"al_market_performance\"><\/span>al market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Company name<\/td><td>Ticker<\/td><td>Stock price<\/td><td>Market Cap (US$ billion)<\/td><td>Stock performance in past one year<\/td><td>Stock performance in past five year<\/td><td>2024 revenue (US$ million) and growth rate<\/td><td>2024 net income (US$ million) and growth rate<\/td><\/tr><tr><td>D-Wave<\/td><td>QBTS<\/td><td>14.18<\/td><td>46.28<\/td><td>1013.53%<\/td><td>36.37%<\/td><td>8.8(+0%)<\/td><td>(142.9)(-65.02%)<\/td><\/tr><tr><td>Ionq<\/td><td>IONQ<\/td><td>41.81<\/td><td>118.69<\/td><td>367.15%<\/td><td>279.75%<\/td><td>43.1(+95.9%)<\/td><td>(331.6)(-110.2%)<\/td><\/tr><tr><td>Rigetti<\/td><td>RGTI<\/td><td>12.18<\/td><td>39.31<\/td><td>923.53%<\/td><td>22.91%<\/td><td>10.8(-10%)<\/td><td>(201)(-167.64%)<\/td><\/tr><tr><td>S&amp;P 500<\/td><td>\u3000<\/td><td>6259.75<\/td><td>52,703<\/td><td>11.16%<\/td><td>94.12%<\/td><td>17,310,000(+6.25%)<\/td><td>1,962,000(+11.71%)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Numbers are as of 7\/11\/2025<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"41\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2025\/07\/d-wave-Custom.jpg\" alt=\"D-Wave\" class=\"wp-image-37232\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/12\/ionq-quantum-computing\/\">IonQ, the most competitive advantages, most valuable and first public pure-play quantum computing company<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/02\/rigetti-superconducting\/\">Rigetti is known for its universal modular superconducting qubit architecture&#8221;<\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/10\/d-wave-first-quantum\/\">D-Wave, world&#8217;s first commercial quantum computer supplier<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/02\/top-3-quantum-computing\/\">Top 3 quantum computing listed companies, Ionq, D-Wave, Rigetti<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/08\/03\/superconductor-progress\/\">Why are superconductors important? current progress and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/08\/19\/carbon-capture\/\" target=\"_blank\" rel=\"noreferrer noopener\">Carbon capture current developments, prospects, and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/04\/quantum-computing-update\/\">Quantum computing update, the performance of related stocks<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/25\/nuclear-fusion\/\">The current progress of nuclear fusion, and relevant companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/14\/willow-chip-rally\/\">Google&#8217;s Willow chip rally related quantum computing stocks. Is it justified?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/16\/quantum-computing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quantum computing current progress and related stocks<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/11\/02\/zyvex\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zyvex and sub-nanometer semiconductor processes, will Zyvex threat TSMC?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>D-Wave is recognized as the world&#8217;s first commercial quantum computer provider. D-Wave excels at computing speed and has pioneered quantum annealing, a near-term optimization-first approach that has been used in real-world applications.<\/p>\n","protected":false},"author":1,"featured_media":37232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114,83],"tags":[771,692,772],"class_list":["post-37231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-technology","category-startup","tag-ionq","tag-qbts","tag-rgti"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/37231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=37231"}],"version-history":[{"count":16,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/37231\/revisions"}],"predecessor-version":[{"id":39718,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/37231\/revisions\/39718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/37232"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=37231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=37231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=37231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}