Xanadu Quantum Technologies
XNDU · NASDAQ · Technology
$7.42
$0.23 (-3.13%) today
Market Cap
$3.35B
24h Volume
$18.2M
P/E Ratio
0.0
52w High
$36.12
52w Low
$7.42
Est. AI Revenue
10%
7-Day Sparkline (Static)
Company facts
Performance
About Xanadu Quantum Technologies
Xanadu builds photonic quantum computers, meaning it uses particles of light rather than superconducting circuits or trapped ions as its computing elements. The company earns revenue from selling systems, from cloud access to its hardware, and from PennyLane, the open source software library it develops for building quantum applications.
Its product line includes Aurora, a modular networked quantum computer, and Borealis, the photonic processor it made available through cloud access. Xanadu Cloud gives developers remote access to its quantum processing units, and PennyLane is widely used software for programming quantum algorithms.
Founded in 2016 and headquartered in Toronto, Ontario, Xanadu trades on the NASDAQ and the Toronto Stock Exchange after completing a business combination in March 2026, and employs about 200 people under CEO Christian Weedbrook.
Xanadu Quantum Technologies in the AI buildout
Xanadu sits in the Quantum Computing layer as a photonic pure play, selling hardware, cloud access, and developer software rather than services built on someone else's machines. Like its quantum computing peers, its connection to AI is a forward looking bet rather than current demand: the technology is pitched at optimization and machine learning problems that classical computers handle poorly, but that market has not yet arrived at scale. Supercycle scores its AI exposure at 28 out of 100.
XNDU is tracked in Quantum Computing, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
XNDU trades at $7.42, 0% of the way up its 52-week range of $7.42 to $36.12.
Market cap
Market capitalization is $3.35B, with an AI Exposure Score of 28 out of 100.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Xanadu do?
Xanadu builds photonic quantum computers and the software developers use to program them. It sells hardware, cloud access to its systems, and open source tools to research institutions and enterprises.
How is Xanadu exposed to AI?
Indirectly. Its quantum computers target optimization and machine learning problems that classical hardware struggles with, but that demand is still developing. Supercycle scores it 28 out of 100.
What are Xanadu's main products?
Aurora, a modular networked quantum computer, the Borealis photonic processor available through cloud access, Xanadu Cloud for remote hardware access, and the PennyLane quantum programming library.
Is XNDU a pure play AI stock?
No. It is a quantum computing pure play whose AI exposure depends on quantum advantage arriving for AI relevant workloads, which places it in the Growing tier rather than Pure Play.
Where is Xanadu based and who leads it?
Xanadu is headquartered in Toronto, Ontario, employs about 200 people, and is led by founder and CEO Christian Weedbrook.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.