Quantum Computing Rivalry Intensifies as D-Wave Shares Retreat from Peak

D-Wave Quantum Inc. shares experienced a notable pullback on Thursday, declining 6.39% to close at $25.95. This downturn coincided with a significant technical announcement from competitor IonQ, raising questions about competitive dynamics within the quantum computing sector.

The decline follows an extraordinary rally that saw the stock appreciate more than 2,600% over a one-year period. Having traded below $1.00 at the end of 2024, the share price had surged to a record high of $29.18 on September 24 before Thursday’s retreat.

The timing of D-Wave’s share price decline appears directly linked to developments at its rival. IonQ announced it had achieved an algorithmic qubit score of #AQ 64 on its Tempo system, reaching this benchmark three months ahead of schedule. Industry observers... Read more...