D-Wave Quantum's acquisition of Quantum Circuits strengthens its position in the quantum computing market.

D-Wave Quantum's proposed $550M acquisition of Quantum Circuits is expected to give the company a "formidable ally" in the quantum computing space, according to Wedbush Securities. The acquisition will expand D-Wave's capabilities beyond its current focus on annealing, a process used in quantum computing. Wedbush believes the deal will give D-Wave a competitive edge in the rapidly evolving quantum computing market.