D-Wave Quantum stock drops as much as 36% in October amid sector retreat
Photo: Crypto Briefing
Quantum computing shares slid together as a dilutive IonQ deal, a class-action suit and rising Treasury yields hit speculative tech D-Wave Quantum had a rough October. Estimates of the decline in its shares for the month range from 31% to 36%, which works out to roughly a third of the company’s market value gone in four weeks. The odd part is that D-Wave itself was mostly a bystander. As The Motley Fool framed it, the company didn’t do anything wrong, exactly. It simply happened to be standing in a sector where everyone headed for the exits at once.
Source: Crypto Briefing
