BlackRock Inc. acquired a new 8.96% ownership stake in D-Wave Quantum Inc. The asset manager purchased 33,147,399 shares valued at approximately $795.2 million, according to a recent SEC filing.
Deutsche Bank AG also established a new position in the company during the second quarter. The bank purchased 495,858 shares for approximately $11.9 million. These investments highlight increasing institutional interest in the commercial potential of the nascent quantum computing sector.