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Market Impact: 0.45

Bear of the Day: D-Wave Quantum (QBTS)

QBTS
Technology & InnovationArtificial IntelligenceCompany FundamentalsCorporate EarningsAnalyst EstimatesInvestor Sentiment & PositioningMarket Technicals & Flows

D-Wave Quantum (QBTS) shares have plunged from a peak above $46 in October as speculative euphoria in quantum stocks unwound. Consensus earnings estimates have 'crashed back to earth', indicating a re-rating of fundamentals and negative investor sentiment that will likely pressure the stock and related quantum peers.

Analysis

D-Wave Quantum (QBTS) shares have plunged from a peak above $46 in October as speculative euphoria in quantum stocks unwound. Consensus earnings estimates have 'crashed back to earth', indicating a re-rating of fundamentals and negative investor sentiment that will likely pressure the stock and related quantum peers.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.60

Ticker Sentiment

QBTS-0.70