Top 11 Trending AI News And Wall Street Ratings

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7. D-Wave Quantum Inc. (NYSE:QBTS)

Number of Hedge Fund Holders: 6

D-Wave Quantum Inc. (NYSE:QBTS) is the parent company of D-Wave Systems and DPCM Capital. It is focused on advancing quantum AI products to enhance the optimization capabilities of annealing quantum computing, ultimately enabling clients to build energy-efficient AI and ML workloads. D-Wave Quantum Inc. (NYSE:QBTS) claims to be the commercial supplier of quantum computers, helping clients resolve real-world business challenges across industries like logistics, AI, materials science, and drug discovery.

On February 14th, B. Riley analyst Craig Ellis increased D-Wave Quantum Inc.’s (NYSE:QBTS) target price to $11 from $9 and maintained a “Buy” stock rating. The brokerage believes Microsoft Corp.’s (NASDAQ:MSFT) “Quantum Ready” service addition to Azure’s Quantum platform and proclamation that this year will be “the year to become quantum-ready” could be significant for sectoral market sentiment. B. Riley views quantum computing as the “what’s next” in high-performance compute beyond in-progress AI uptake, adding that recent industry and company developments should bring stock demand.

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