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NTT DOCOMO expands production use of D-Wave quantum technology as stock falls 6.3%
D-Wave Quantum showcased NTT DOCOMO’s expanded adoption of its technology in a new case study, highlighting a reported 65.3% reduction in network peak demands for the Japanese telecom giant. The stock is down 6.3% on the day at $12.01.
Highlights
- NTT DOCOMO expanded production use of D-Wave quantum technology and reported a 65.3% reduction in network peak demand for a segment with 333 base stations.
- 62 of 66 analysts covering D-Wave Quantum stock rate it a buy, with a median price target at $36.
- Shares of D-Wave Quantum are down 6.3% on the day at $12.01.
D-Wave Quantum issued a new case study detailing NTT DOCOMO’s use of the company’s technology to improve network efficiency. NTT DOCOMO achieved a 65.3% reduction in peak after optimizing a segment with 333 base stations. DOCOMO expanded production use of D-Wave quantum technology to optimize critical network signaling for mobile devices, according to Quantum Zeitgeist.
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Bearish structure holds as shares remain below major moving averages
The session opened with a gap down from the previous close of $12.83 to $11.59, and price has since given part of that move back. Shares remain below their MA-20, MA-50, and MA-200, which maintains the bearish daily trend structure. The nearest support is at the weekly low of $11.37. RSI at 25.9 indicates the chart is in oversold territory, limiting the scope for further downside from here.
Downside odds dominate after the weekly gap and weak trend
To gauge whether the recent event is being priced in, traders should watch for a close above $14.26 to confirm buyers are stepping in, or a drop below $11.37 to signal that the move is being faded. After opening with a gap down from $12.83 to $11.59, the price recovered some lost ground during the session. Over the next five trading days, the probability of further downside stands at 76%, while the chance for upside is 24%, with an expected trading range between $10.71 and $13.3. The past week saw a sharp move lower without a sustained trend, but from here, confirmation or rejection depends on movement relative to the key $14.26 and $11.37 levels. On the weekly chart the longer-term picture stays firmly negative.
Previously it was reported that D-Wave Quantum enabled a significant reduction in network peak demands for NTT DOCOMO through quantum optimization solutions. With shares remaining under pressure, traders should monitor price action around $14.26 and $11.37 to assess whether the latest case study will help shift the prevailing bearish trend.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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