D-Wave Quantum (QBTS) Stock Jumps 7% on AT&T Partnership Expansion
TLDR
- D-Wave Quantum announced an expanded partnership with AT&T to deploy annealing quantum computing across new areas
- AT&T will use the technology for outage detection and traffic management
- QBTS jumped 7.1% in premarket trading following the announcement
- Other quantum stocks also rose, with IonQ, Rigetti, and Quantinuum all gaining
- The deal builds on an earlier collaboration where D-Wave cut a one-hour task to under 15 seconds
D-Wave Quantum (QBTS) stock jumped 7.1% in premarket trading on Monday after the company announced an expanded partnership with AT&T (T).
AT&T will now deploy D-Wave’s annealing quantum computers across additional areas of its network operations, including outage detection and traffic management.
The two companies had an existing relationship. AT&T previously used D-Wave’s technology in a limited capacity, including one application that reduced a network optimization task from one hour to under 15 seconds.
AT&T EXPANDS USE OF D-WAVE QUANTUM COMPUTING ACROSS NETWORK OPERATIONS$T has signed an agreement with $QBTS to apply its annealing quantum technology to complex network optimization problems.
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