D-Wave Quantum (QBTS) Shares Drop 10% Amid Sector-Wide Selloff Ahead of Earnings
D-Wave Quantum (QBTS) led a broad decline in quantum computing stocks yesterday, falling over 10% to $33.09 despite maintaining a 293% year-to-date gain. The selloff followed reports of Canadian rival Xanadu's planned 2026 IPO, affecting peers including IonQ (IONQ), Rigetti (RGTI), and QCI (QUBT).
Concurrently, D-Wave activated its Advantage2 quantum computer at Davidson Technologies' Alabama facility—marking its second U.S. installation. The system, accessible via D-Wave's Leap cloud service, targets defense applications including radar tracking and logistics, with potential for classified work. Partners are exploring quantum solutions for materials science and AI.
The developments precede D-Wave's Q3 earnings report due Thursday, creating a volatile backdrop for the quantum sector. Market observers note the paradox of technical progress coinciding with investor caution as commercialization timelines face scrutiny.
