Quantum Computing Stock Plummets Despite Strong Performance

In a surprising market development, D-Wave Quantum shares experienced a dramatic 22% decline following the release of impressive third-quarter results and upward revisions of price targets by financial analysts. This contradictory reaction highlights the complex dynamics shaping the quantum computing sector.

The quantum computing specialist reported substantial growth in its November 6 earnings release. Quarterly revenue reached $3.7 million, representing a year-over-year doubling of sales. The company posted a per-share loss of $0.05, outperforming market expectations. D-Wave’s financial position remains robust with record liquidity exceeding $836 million, while bookings totaled $2.4 million.

Further strengthening its outlook, the company secured a €10 million order for an Advantage2 system in Italy after the quarter closed. Current fourth-quarter Read more...