Shares of D-Wave Quantum Inc. briefly plunged more than 6% in Tuesday's trading session following a significant announcement from Kerrisdale Capital. The prominent investment management firm declared that they have taken a short position on D-Wave Quantum, sparking concerns among investors.

Kerrisdale Capital, known for its activist short-selling strategies, made the announcement through a brief statement. While specific details about their rationale for shorting D-Wave Quantum were not immediately available, such declarations from well-known short-sellers often lead to increased scrutiny of the targeted company and can trigger sell-offs.

The news has evidently shaken investor confidence in D-Wave Quantum, a company at the forefront of quantum computing technology. As the market digests this information, investors will likely be closely watching for any further statements from either Kerrisdale Capital or D-Wave Quantum regarding this development. The coming days may prove crucial for QBTS as it navigates the fallout from this short-selling announcement.