Billionaires Love Quantum Computing Stock That Gained Over 2,640% in Past Year

Billionaires love D-Wave Quantum stock

Google’s quantum breakthrough

Censorship at U.K. campuses in China

D-Wave’s stock surged 2,640% over the past year, with a current market cap of $10.8 billion, despite Q2 revenue of only $3.1 million and a $167 million loss.

In Q2, Paul Tudor Jones’ Tudor Investment Corp bought 827,416 shares, Ken Griffin’s Citadel Advisors acquired 84,102 shares, and Israel Englander’s Millennium Management increased its stake by 948% to 380,477 shares.

D-Wave focuses on quantum annealing, ideal for optimization problems, alongside gate-based quantum computing, offering flexibility but facing debate over long-term viability.

Quantum computing leverages qubits for superior processing power, with potential to revolutionize computing if commercialized.

⭐ Editor’s Pick: The U.S. national debt has surged past the $38 trillion milestone for the first time, reached just two months after breaching $37 trillion. (FBN)

House Minority Whip Katherine Clark (D-MA) admitted extending the government shutdown to extract leverage as the November 1 Obamacare open enrollment deadline looms. (NYP)

The Trump administration is mulling broad export curbs on U.S. software-embedded goods to China, including laptops and jet engines, in retaliation for Beijing's rare earth restrictions. (INV)

Alger Funds CEO Dan Chung, overseeing $33 billion in assets, dismisses the AI surge as a bubble, insisting it's a durable boom with ample runway fueled by hyperscalers' robust fundamentals. (MS)

⭐ Editor’s Pick: Beyond Meat's shares rocketed more than 1,300% in six days to a peak of $7 amid a meme-stock frenzy fueled by ETF inclusion and a fresh Walmart deal. (GF)

Market Beat predicted over 100% upside for SharpLink Gaming to $45, Townsquare Media to $17, and Synchronoss Technologies to $13, driven by crypto, digital revenue, and SaaS growth. (MB)

Morningstar recommended three undervalued stocks for Q4 2025: Caesars Entertainment below its $61 fair value, Americold Realty Trust under $27 with recovery potential, and Freshpet below $105 for long-term growth. (MS)

Zacks Investment Research anointed JPMorgan Chase as its Bull of the Day, spotlighting the bank's compelling 11.5 forward P/E valuation poised to capitalize on anticipated interest-rate cuts. (ZACK)

⭐ Editor’s Pick: Tesla's Q3 profit fell 47% despite 9% revenue growth to $25.7 billion, missing forecasts due to weaker vehicle demand, as Elon Musk pushes to build a "robot army" of humanoid Optimus bots. (WSJ)

Warner Bros. Discovery rebuffed three acquisition overtures from Paramount Global's Skydance Media. (CNBC)

The Trump administration is negotiating with quantum-computing firms to acquire equity stakes in exchange for federal funding. (WSJ)

Coca-Cola began a rollout of its flagship soda sweetened with U.S. cane sugar in 12-ounce glass bottles across select American markets this fall. (NYP)

⭐ Editor’s Pick: The Trump administration slapped sanctions on Russia's largest oil producers, Rosneft and Lukoil, while Trump scrapped a planned summit with Putin. (RTS)

Trump pressed U.S. cattle ranchers to slash beef prices, touting his tariffs for their recent windfalls while proposing expanded federal grazing lands and stricter labeling to ease record-high costs. (CNBC)

The U.S. government is offering nuclear energy firms access to weapons-grade plutonium from Cold War-era warheads to fuel reactors. (FT)

U.S. authorities have exposed a multimillion-dollar fuel-smuggling ring tied to Mexican cartels, which siphoned gasoline from Texas pipelines and trucked it across the border. (RTS)

⭐ Editor’s Pick: T. Rowe Price filed with the SEC for its inaugural actively managed crypto ETF. (TB)

Coinbase launched a tool enabling AI agents, including Claude and Gemini, to manage crypto wallets, allowing autonomous transactions on behalf of users. (DEC)

The NHL inked licensing pacts with Polymarket and Kalshi, granting them rights to deploy league trademarks in event-contract offerings. (SBJ)

In an op-ed, Sen. Cynthia Lummis (R-WY) urged the CFPB to revise open-banking rules to boost consumer data control and crypto innovation, countering big banks and foreign competition. (CT)

Google’s quantum computer ran a verifiable algorithm 13,000 times faster than a classical computer, detailed in a peer-reviewed Nature paper, demonstrating “quantum advantage” for a specific molecular computation task.

The algorithm, dubbed “quantum echoes,” analyzed molecular structures, verified by nuclear magnetic resonance (NMR), revealing data beyond NMR’s typical capabilities.

Nobel laureate Michel Devoret called it a milestone toward full-scale quantum computation.

⭐ Editor’s Pick: Nucleus Genomics unveiled Origin, an AI-powered genomics platform, enabling IVF clinics to predict disease risks, including Alzheimer's and cancer, in embryos. (AX)

Meta axed around 600 jobs in its older AI operations to slash bureaucracy and sharpen focus on superintelligence pursuits. (AX)

General Motors plans to offer eyes-off driving for the Cadillac Escalade IQ by 2028, integrating Google Gemini AI next year. (CNBC)

Amazon unveiled an early prototype of AI-powered augmented-reality glasses for its delivery drivers, enabling hands-free package scanning. (GW)

Reddit sued Perplexity, accusing it of scraping and reselling its content to AI powerhouses like OpenAI and Meta. (NYT)

⭐ Editor’s Pick: San Francisco-based Foundation unveiled the Phantom MK-1, a 5-foot-9-inch, 175-pound humanoid robot for military reconnaissance and bomb disposal. (IE)

Amazon showcased Blue Jay, a warehouse robot that fuses picking, sorting, and consolidation into a single assembly-line system, already processing 75% of items in a South Carolina facility. (CNBC)

Bulgaria’s INSAIT launched SPEAR-1, an open-source AI model enhancing industrial robots’ 3D dexterity, accelerating factory automation. (WIR)

Elon Musk envisions Tesla's Optimus robots as future "incredible surgeons," targeting universal medical access with an Optimus V3 launch in early 2026. (FL)

⭐ Editor’s Pick: Airbus, Leonardo, and Thales sealed a landmark merger of their satellite and space divisions into a joint venture to rival SpaceX. (FT)

The U.K. and Ukraine will launch mass production of interceptor drones, aiming for 2,000 units monthly. (DN)

A Chinese stealth drone, dubbed GJ-X, with a 138-foot wingspan resembling the U.S. B-21 Raider, completed its maiden flight over Xinjiang, enhancing Beijing's reconnaissance and strike capabilities. (IE)

General Atomics won a U.S. Navy deal to build a Gambit-based drone prototype, a carrier-launched "loyal wingman" to support manned fighter jets. (NI)

⭐ Editor’s Pick: Andreessen Horowitz is targeting a record $10 billion fundraise, comprising $6 billion for its growth-stage investments, $3 billion for AI ventures, and $1 billion for American Dynamism initiatives. (FT)

Polymarket is in early talks to raise fresh funding at a $12 billion to $15 billion valuation, more than 10 times its worth just four months ago. (BBG)

ShopMy, the influencer marketing platform that empowers brands to orchestrate creator-driven campaigns, secured $70 million in fresh funding led by Avenir at a $1.5 billion valuation. (BOF)

Sumble, an AI sales intelligence startup, emerged from stealth with $38.5 million in funding, $8.5 million seed led by Coatue and $30 million Series A led by Canaan Partners. (TC)

The report details mandatory CCP ideology courses (e.g., "Introduction to Xi Jinping’s Socialist Thought" at Ulster University’s Shaanxi campus) counting toward UK degrees.

Students face compulsory pledges of allegiance to the CCP, mobilization for People’s Liberation Army research, and "extracurricular" campaigns; surveillance via informants and guidance officers extends to UK campuses, with staff harassment reported, such as a British academic ousted at the University of Nottingham’s Ningbo campus for criticizing CCP policies.

CCP officials review all course materials for compliance, with unapproved content risking criminal penalties in China; translations often mask political elements, leaving UK universities "largely unaware" of the full scope.

⭐ Editor’s Pick: The University of Virginia struck a settlement with the Trump administration, agreeing to dismantle its DEI programs. (RTS)

A Swiss man faces 10 days in prison for a Facebook comment asserting that excavated skeletons reliably indicate only male or female sex. (JT)

The American Accountability Foundation sued HHS and NIH, alleging that federal officials are unlawfully concealing data from a study that questions the mental health benefits of puberty blockers for gender-dysphoric youth. (DW)