On August 3, D-Wave Quantum Inc. rose 5.97% in regular trading, trading at $19.58/share, with turnover of $104 million.

On the news front, D-Wave Quantum and Nasdaq subsidiary Verafin jointly announced a partnership agreement to leverage quantum computing technology for financial crime detection. The collaboration will integrate D-Wave's quantum computing capabilities with Verafin's expertise in financial crime prevention, focusing on exploring quantum algorithms for anti-money laundering and anti-fraud applications to deliver enhanced risk insights for financial institutions.

This marks another significant commercial milestone for D-Wave following its expanded partnership with AT&T announced in late July, where quantum annealing technology reduced network task processing time from approximately one hour to under 15 seconds. On the analyst front, Mizuho Securities previously raised its price target to $35, while Benchmark initiated coverage with a Buy rating and $30 target, citing improving quantum technology commercialization prospects. The company is scheduled to report quarterly earnings on August 6 before market open, with consensus EPS estimated at -$0.12.

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