Quantum Computing Stock Cools Off After Revenue Whiff

D-Wave Quantum fell 3.1% to $23.26 after reporting first-quarter revenue of $2.86 million, well below the $4.2 million projection. The sharp revenue miss points to weaker-than-expected operating performance and is weighing on investor sentiment toward the quantum computing name.

Analysis

D-Wave Quantum fell 3.1% to $23.26 after reporting first-quarter revenue of $2.86 million, well below the $4.2 million projection. The sharp revenue miss points to weaker-than-expected operating performance and is weighing on investor sentiment toward the quantum computing name.