Quantum Computing Stock Cools Off After Revenue Whiff
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D-Wave Quantum Inc (NYSE:QBTS) stock fell 3.1% to $23.26 after reporting first-quarter revenue of $2.86 million, significantly below the $4.2 million forecast. Despite an 81% revenue drop, the company reported a loss of five cents per share, better than the expected eight cents, and $33.4 million in bookings. QBTS is down 11% in 2026 but up 116% year-over-year. Analyst sentiment remains mostly positive, with 13 out of 15 brokerages maintaining "buy" ratings. Options trading is active, with a notable increase in call options volume.
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