D-Wave Quantum (QBTS) Loses 11.8% as 2 Tech Giants Could Threaten its Competitive Edge

D-Wave Quantum Inc. (NYSE:QBTS) is one of the stocks drowned heavily. Are you holding any?

D-Wave dropped its share prices by 11.8 percent week-on-week as investors unloaded positions over fears that the aggressive expansion moves of two technology giants into the quantum computing industry could threaten its competitive edge.

This is after the International Business Machines (IBM) recently announced its Starling quantum computer, which it expects to perform 20,000x better than today’s quantum computers and is targeted to be fully operational by 2029.

Meanwhile, Google developed in December last year its state-of-the-art quantum chip called Willow, which could reduce errors exponentially and perform a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion years.

A modern computer datacenter, running an advanced quantum computer system.

In contrast, D-Wave Quantum Inc. (NYSE:QBTS) unveiled its Advantage2, which is able to solve problems beyond the capabilities of a classical GPU-based supercomputer through optimization, materials simulation, and artificial intelligence (AI).

According to Forbes contributor Peter Cohan, while D-Wave Quantum Inc.’s (NYSE:QBTS) niche use cases are growing, its ability to scale may fall short as IBM and Google push deeper into enterprise markets.

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Disclosure: None. This article is originally published at Insider Monkey.