Key Stats for D-Wave Quantum Stock
- Price change for D-Wave Quantum stock in last 5 days: -20%
- $QBTS Share Price as of Jun. 9: $24
- 52-Week High: $47
- $QBTS Stock Price Target: $36
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What Happened?
D-Wave Quantum (QBTS) stock dropped nearly 9% on Tuesday, closing at $23.52.
IonQ, Rigetti Computing, and Quantum Computing Inc. all slid between 9% and 10% in the same session, making this a sector-wide selloff rather than a problem specific to D-Wave.
The trigger was a macro event, and not company-specific.
- With the Consumer Price Index report due midweek, investors pulled money out of high-risk, high-volatility stocks.
- Quantum computing names are the definition of speculative. They trade more on future potential than current profits, which makes them the first things traders dump when uncertainty rises.
- The Nasdaq fell roughly 1% on the day, but quantum stocks fell about 10 times harder.
The selloff was also notable because it followed a period of strong momentum.
D-Wave Quantum stock is up over 23% in the past 3 months after this reversal, so some of Tuesday’s decline looks like pure profit-taking.
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What the Market Is Telling Us About D-Wave Quantum Stock
Here’s the tension. D-Wave’s recent business results are actually pretty good.
- The company reported Q1 bookings of $33.4 million, a nearly 2,000% jump from a year earlier.
- It also landed a landmark $10 million cloud-based quantum deal – a first in the industry.
- Analysts remain bullish. The average analyst target sits roughly 50% above where D-Wave Quantum stock trades today.
But the market is focused on the risks right now, not the wins.
- Revenue fell 81% year-over-year to $2.9 million in the first quarter because the prior year included a large one-time system sale.
- Net losses widened to $18.4 million, and the company is still years away from consistent profitability.
There are also broader concerns. Potential dilution hangs over the stock as the company funds its expansion. Federal support through the CHIPS Act is promising but not guaranteed. And with rivals like IonQ and Rigetti also in the mix, competition is intensifying fast.
None of that is new information. But when inflation spikes and the market gets nervous, overvalued growth stocks begin to tumble.
That’s the deal with high-beta, story-driven stocks. They rise faster and fall harder.
Long-term believers point to D-Wave’s dual-platform strategy and its roadmap to 100 logical qubits by 2032. Short-term traders just see a volatile name in a jittery market.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
