2 AI and Quantum Stocks Set for Strong Q3 Earnings Growth

Semtech (SMTC) expects data-center sales to grow 160% year over year, while D-Wave Quantum (QBTS) reported a 1,120% surge in bookings. Both numbers headline a Q3 earnings setup built around AI infrastructure spending and quantum computing's commercial traction.

SMTC's 160% data-center growth projection ties the company directly to AI infrastructure demand. That is a guidance-level figure, so the market will judge the print against it. Anything short of 160% would likely register as a miss on a number this specific.

QBTS's 1,120% bookings jump points to accelerating commercial demand for quantum computing. Interpretation: bookings are a forward indicator, so the size of the jump signals customer commitments are building, though bookings are not yet recognized revenue and the conversion rate is what matters.

The Zacks Investment Research piece flags the counterweight: higher interest rates and inflation concerns pose risks to growth-stock valuations. Interpretation: names priced for steep growth, like these two, are more exposed to multiple compression if rate worries intensify, even when operating results come in strong. A beat on growth does not guarantee price support if valuations are under pressure from the rate backdrop.