D-Wave Quantum Inc. (QBTS) experienced a significant 24-hour plunge of 5.06% on Thursday, as investors reacted negatively to the outcome of Nvidia's Quantum Day event. The stock's decline was part of a broader sell-off in quantum computing shares, despite the increased attention brought by Nvidia's conference.

During the event, executives from D-Wave, along with other quantum computing companies like IonQ and Rigetti Computing, participated in a panel discussion with Nvidia CEO Jensen Huang. However, the absence of major announcements or clear timelines for quantum technology deployment seemed to disappoint investors, leading to a sector-wide downturn.

The sharp decline comes on the heels of recent positive developments for D-Wave, including the company's claim of achieving quantum supremacy last week and supportive analyst reports following its latest earnings release. This contrast highlights the volatile nature of quantum computing stocks, which often experience significant price swings based on industry events and technological progress.

As the quantum computing sector continues to evolve, investors appear to be reassessing the near-term potential of these companies. The market's reaction to Nvidia's Quantum Day suggests a growing demand for concrete advancements and clear commercialization strategies in this cutting-edge field.