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Quantinuum

All articles tagged with #quantinuum

business2 months ago•12 min saved

QNT IPO Opens Strong But Ends Near IPO Price Amid Tech Selloff

QNT closed 60.38 on its Nasdaq debut, near the $60 IPO price after an early lift toward 68 and a peak near 71.35, as a broader tech slump pressured momentum. Retail traders on StockTwits swung to neutral from bullish, while IonQ rose about 4% and other quantum peers were mixed. Quantinuum raised $1.68 billion in its IPO by selling 28 million shares at $60; the company was formed from Honeywell Quantum Solutions and Cambridge Quantum, with government incentives in quantum tech shaping the backdrop.

via Yahoo Finance|

#business #ipo #qnt

business2 months ago•12 min saved

Honeywell-Backed Quantinuum Debuts in Upsized IPO, Closes Near Debut Price

Quantinuum Inc., the Honeywell-backed quantum-computing company formed from Honeywell Quantum Solutions and Cambridge Quantum, priced its upsized US IPO at $60 a share, opened at $68, and closed at $60.38 for a roughly $16 billion market value. Demand ran more than 20 times the shares offered. Honeywell will hold about 49% of voting power and Cambridge Quantum about 33% after the listing, with JPMorgan Chase and Morgan Stanley leading the offering. Quantinuum’s platform targets chemistry, machine learning, cybersecurity, finance and drug discovery, as investor enthusiasm for AI and quantum tech supports the stock rally. The broader government funding package includes roughly $100 million for Quantinuum (IBM received $1 billion), with the government taking minority stakes in the firms.

via Yahoo Finance|

#business #honeywell #ipo

business3 months ago•18 min saved

Quantinuum Goes Public: Honeywell-Cambridge Quantum Set for Landmark IPO

Quantinuum, the Honeywell-backed quantum computing firm formed from the Honeywell Cambridge Quantum merger, filed for a traditional U.S. IPO seeking up to $1.05B with a ~12.7B fully diluted valuation; founders Honeywell and Cambridge Quantum would hold about 82% after the offering (Honeywell about 49% voting power), while the company posted 2025 revenue of $30.9M and a net loss of $192.6M as it continues heavy R&D, planning to issue about 21M shares at $45–$50 on Nasdaq to trade under the ticker QNT to fund operations and growth.

via The Quantum Insider|

#business #honeywell #ipo

business9 months ago•2 min saved

Quantum Stocks Surge as Breakthroughs Unveil Record-Breaking Computers

U.S. quantum computing stocks surged following Quantinuum's announcement of its new Helios quantum computer, which features significant advancements in qubit technology, boosting investor confidence in the sector amid ongoing earnings reports and industry progress. IonQ, Rigetti, D-Wave, and Quantum Computing Inc. saw notable gains, with IonQ reporting record revenues and raising guidance, though the sector remains highly volatile and speculative.

via TipRanks|

#business #ionq #quantinuum

technology11 months ago•3 min saved

Nvidia's Investment Boosts Honeywell’s Quantum Computing Valuation to $10 Billion

Quantinuum, a quantum computing joint venture of Honeywell, raised $600 million at a $10 billion valuation, with Nvidia and other major investors participating, marking a significant step in the quantum industry and hinting at potential IPO plans for 2027.

via TipRanks|

#funding #honeywell #nvidia

technology11 months ago•2 min saved

Nvidia's Venture Investment Boosts Honeywell's Quantum Computing Ambitions

Nvidia's venture arm has invested in quantum computing company Quantinuum, valuing it at $10 billion, as part of a $600 million funding round, highlighting Nvidia's strategic move into quantum technology to enhance its computing capabilities and prepare for future disruptions in the industry.

via Bloomberg.com|

#honeywell #investment #nvidia

technology1 year ago•3 min saved

Advances in Quantum and Hardware Tech Drive Faster, Greener Computing

This week in quantum computing, UCLA and UC Riverside developed a room-temperature quantum system using tantalum sulfide, reducing energy costs. Quantinuum is seeking a funding round that could value it at $10 billion, while IonQ gained Morgan Stanley as a major investor. Other advancements include Rigetti installing a quantum system at Montana State University and a German-led project testing quantum algorithms for rail network optimization, highlighting ongoing progress and investment in the field.

via TipRanks|

#ionq #quantinuum #quantum-computing

technology2 years ago•2 min saved

"New Quantum Computer Surpasses Google's Supremacy by 100x"

Quantinuum's new 56-qubit H2-1 quantum computer has surpassed Google's Sycamore by achieving a 100-fold improvement in quantum supremacy. The H2-1 demonstrated significant advancements in error correction, achieving a linear cross entropy benchmark (XEB) score of ~0.35 and creating highly reliable logical qubits. This milestone represents a major step towards fault-tolerant quantum computing, with error rates up to 800 times lower than physical qubits. Quantinuum's results, published on arXiv, have not yet been peer-reviewed.

via TechSpot|

#error-correction #google #quantinuum

technology3 years ago•5 min saved

"Quantinuum's Mind-Blowing Quantum Computer Unveiled"

Quantinuum, a spinoff of Honeywell, unveiled its 32-qubit, second-generation quantum computer, H2, which it claims is the most precise quantum computer ever built. The computer is spread across two 100-square-foot platforms and uses lasers to cool and control the chamber the qubits are in. While skeptics have questioned the feasibility of quantum computing at scale, Russell Stutz, the executive responsible for the design and build of these computers at Quantinuum, believes it's only a matter of time before they reach their potential and become far more powerful than today's supercomputers.

via Business Insider|

#h2 #quantinuum #quantum-computing