D-Wave Quantum Inc. (QBTS) shares plummeted 6.39% during intraday trading on Thursday, as the quantum computing sector experienced a significant sell-off. The stock's decline aligns with the broader trend observed across multiple quantum computing companies.
The quantum computing industry faced widespread pressure, with several key players seeing notable drops in their share prices. This sector-wide downturn suggests that investors may be reassessing the near-term prospects or valuation of quantum computing stocks.
Other quantum computing companies also suffered losses, with MicroCloud experiencing the most severe decline of 24%. Arqit Quantum saw a 10% drop, while Quantum Corp and IONQ matched D-Wave's 6% fall. Additionally, QUBT and Rigetti Computing both declined by 4%. This synchronized downturn across the quantum computing landscape indicates a broader market sentiment shift rather than company-specific issues for D-Wave Quantum.
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