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IQM's Nasdaq Debut Could Change the Quantum Race for D-Wave

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IQM's Nasdaq Debut Could Change the Quantum Race for D-Wave

Quantum pure-plays D-Wave (QBTS) and Rigetti (RGTI) are seeing a second major decline in 2024 after a brief May rally, highlighting weakening sentiment toward the space. The article flags the risk that more competitors entering the market could further pressure these companies’ outlook and positioning.

Analysis

Quantum pure-plays D-Wave (QBTS) and Rigetti (RGTI) are seeing a second major decline in 2024 after a brief May rally, highlighting weakening sentiment toward the space. The article flags the risk that more competitors entering the market could further pressure these companies’ outlook and positioning.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20

Ticker Sentiment

QBTS-0.25
RGTI-0.25