D-Wave Quantum Inc. (QBTS) saw its stock price plummet 5.32% in pre-market trading on Tuesday, as part of a broader decline in quantum computing stocks. The sector-wide downturn affected several key players, with Rigetti Computing experiencing the steepest drop of 12%, while others like QUBT and IONQ also saw significant declines.

The sector's weakness appears to be triggered by disappointing first-quarter results from Rigetti Computing, a prominent quantum computing company. Rigetti reported revenue of $1.47 million for the period ending March 31, falling short of analysts' expectations of $2.56 million. This underperformance seems to have cast a shadow over the entire quantum computing industry, leading to a sell-off across multiple stocks in the sector.

While D-Wave Quantum's specific circumstances were not detailed, the company's stock decline reflects investor concerns about the near-term prospects of the quantum computing industry. As the sector continues to evolve and companies work towards achieving practical applications of quantum technology, such fluctuations may become common. Investors will likely be closely watching for any signs of progress or setbacks in this cutting-edge field.