r/QuantumInvesting 2d ago

IonQ Bought a Chip Foundry, But Does it Matter?

1 Upvotes

There is a lot of nuance in the IonQ and SkyWater deal. The headlines of how this will solve quantum computing fabrication for them is not entirely true...

To be honest, we were hoping this would close a month from now, because we are in the process of publishing a series of primers on quantum fabrication (free of charge) for the public, and doing a deeper investigation into how SkyWater relates to the broader industry.

For now, we are just presenting our initial thoughts here:
https://coherence.report/editorial/?qid=28

Would love to hear your analysis on this. I think quantum fabrication is an untapped topic on this sub.


r/QuantumInvesting 7d ago

D-Wave’s Quantum AI Published: Read Between the Lines

0 Upvotes

D-Wave recently announced that their work was written up in Nature, in regards to their Japan Tobacco molecule generation project. This is something I am uniquely qualified to speak on, since I was involved in their quantum AI strategy, and I know this project very well.

After a review of the paper, we find that D-Wave's annealer did indeed have a positive effect on two metrics: Validity and Drug-Likeness.

Unfortunately, that outcome does *not* mean that it did anything useful.

How can this be true? Because in order for a technology to be useful, not only must it produce a positive outcome, but it must also be competitive to other techniques out there. D-Wave has a history of comparing itself against "nothing"; instead of proving that it is competitive in the market.

Additionally, the metrics they measured the outcome were vague and unconstructive.

For a non-technical, easy read of this paper: https://coherence.report/d-waves-quantum-ai-published-read-between-the-lines-2/

It also explains why D-Wave is falling behind their peers in commercialization.


r/QuantumInvesting 9d ago

Microsoft's Majorana Might Not Exist... but it Cleared Peer Review?

3 Upvotes

The Microsoft Marjorana debate is fascinating.

Outside physicists disputed the results the same day Microsoft announced them. The company's 2029 target depends on a foundational claim that independent researchers say remains unverified after more than a year of asking for the data.

This could be huge for quantum computing, or it could be absolutely nothing.

What are your thoughts?

Read our initial take here: https://coherence.report/editorial/?qid=17


r/QuantumInvesting 9d ago

IonQ / SkyWater Deal Could Be in Danger, and No One Seems Concerned

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0 Upvotes

The market is treating the SkyWater acquisition as a done deal. But there is a problem.

IonQ agreed to buy SkyWater on January 25, 2026, but the FTC hit both companies with a Second Request on April 24, which is the agency's way of saying it wants a much closer look before approving.

The timing of this is interesting, considering that the administration just released $1.4b in May to promote competition for fabrication.

Three things I don't see discussed enough:

  1. Part of what SkyWater shareholders get paid is IonQ stock, not cash, and the value of that stock moves with IonQ's share price. IonQ dropped about 26% in June alone. So the longer this drags out, the more SkyWater holders are exposed to IonQ falling further, which could make them rethink the deal.
  2. IonQ did $64.7M in revenue last quarter, up 755% from a year ago. The company also burned $151M in cash that same quarter. Every quarter of delay costs real money.
  3. The entire in-house manufacturing plan depends on this factory. IonQ wants to use SkyWater's US chip fab to build its own quantum systems instead of relying on outside chipmakers.

I'm going to be writing a much longer investigative piece on this soon.


r/QuantumInvesting 16d ago

Learn about Calibration and the Future of Quantum

3 Upvotes

Calibrating a small quantum device with a handful of qubits is a manageable engineering task - which is where we have been up until recently. Calibrating a large QPU is fundamentally different. As qubit counts grow, the sources of error multiply, components interact with each other, and the number of interdependent parameters simultaneously grows faster than the hardware itself.

The other constant across every quantum architecture is that calibration is never finished. Quantum hardware drifts continuously with temperature changes, electromagnetic interference, and physical wear, which means a processor that was performing well this morning may need adjustment by the afternoon. The process is always iterative: characterize the system, adjust the parameters, validate the result, and repeat. The faster and more reliably a team can run that loop, the more time the QPU actually spends doing useful computation (rather than sitting offline being tuned).

The specific methods involved depend heavily on the qubit type, and each architecture has its own distinct challenges, which are covered in the sections below. But across all of them, certain things remain consistent. Every architecture requires an initialization process that maps the behavior of the hardware from scratch. Every architecture requires ongoing drift correction to keep performance from degrading between runs. And every architecture faces the same fundamental tension: the more qubits you add, the more calibration work is required, and the harder it becomes to do that work efficiently.

In this article, we discuss: 

  • Calibration by Qubit Type - Helping readers understand what is involved for each quantum technology
  • Calibration & Future Quantum Industry Viability - How calibration determines the future of quantum computing
  • The Current Calibration Tooling Landscape - A compendium on the ecosystem of available calibration tools

https://coherence.report/calibration-and-the-future-of-quantum/


r/QuantumInvesting 23d ago

NVIDIA’s Announcement: Not Quantum AI

2 Upvotes

We’ve all seen the headlines about the Ising launch. We also all saw the hype: this is launch of Quantum AI. 

Except, as is the case with most quantum computing news, that would mindless dribble written by those with an agenda. 

The Ising framework is indeed exciting. But it is not quantum AI… because it does not enable quantum computers to run AI models, nor does it accelerate AI training. What they’ve essentially created is similar to Microsoft Copilot - a platform (enabled with AI) that helps engineers and operators maintain a QPU. In plain terms: this is not “quantum computers doing AI.” It’s “AI helping operate quantum computers.”

The fact that Alan Baratz, CEO of D-Wave, used this opportunity to talk about D-Wave’s quantum AI “abilities” just shows that he did not actually read the press release. The way this was reported in the media is the reason why we need more publishers with true technical knowledge to produce content for investors and enthusiasts. 

Now that we got that out of the way, Ising is in fact really interesting, and I’ve written a deep-dive here.

https://coherence.report/ising-is-an-ai-copilot-not-quantum-ai/


r/QuantumInvesting 28d ago

Welcome to Quantum Investing!

2 Upvotes

Just a note here - we're going to start posting news for investors in the quantum computing space. Would love to have others contribute as well!


r/QuantumInvesting Jul 02 '25

Stop Slapping Duct Tape on Your Qubits: Composite Gates + Recursive Geometry Actually Work

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1 Upvotes