Mentioned:
IQMX -4.61% NVDA +3.34%

There’s a new quantum computing company on Wall Street. And they’re coming after the opportunity in superconducting quantum computers.

What’s happening:

  • IQM Quantum Computers (NASDAQ: IQMX) has successfully completed their business combination with Real Asset Acquisition Corp and become a publicly listed company on the Nasdaq

By the numbers:‍

  • The SPAC transaction with Real Asset Acquisition Corp gives IQM Quantum Computers roughly $233.5M USD in new growth capital

Why it matters:‍

  • IQM Quantum Computers is one of the most advanced companies in Europe focused on building superconducting quantum computers and delivering full stack, on-premise quantum systems for research and government customers

Going deeper:‍

  • IQM Quantum Computers has sold their superconducting quantum computers to some of the most prominent supercomputing research organizations in the world, including the Oak Ridge National Laboratory and national supercomputing facilities in South Korea, Poland, Italy, Japan and Taiwan
  • IQM Quantum Computers has also notably established integrations with both Nvidia (NASDAQ: NVDA) and Amazon Web Services for hybrid quantum-classical workloads

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