Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today [Yahoo! Finance]
D-Wave Quantum Inc. Common Shares (QBTS)
Company Research
Source: Yahoo! Finance
Rigetti designs quantum computers and offers cloud-based quantum services, while D-Wave develops quantum computing systems and provides software, cloud services, and professional solutions for several industries. Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today? Why Rigetti (RGTI) and D-Wave Quantum Inc. (QBTS) Plunged Today? On December 9, Alphabet Inc. (GOOGL) introduced the Willow quantum chip, which is a significant milestone in quantum computing. The announcements gave a significant boost to quantum computing stocks like Rigetti and D-Wave which surged around 140% and 93% between December 9 and December 18 market close. Both stocks face sharp declines today, primarily because they seem to have become bubble stocks. These companies experienced massive price surges following Google's breakthrough in quantum computing, which sparked investor optimism. However, as reality sets in, investors are realizing that practical, scalable applications of quantum computi
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News
- D-Wave Quantum Inc. (NYSE: QBTS) had its price target raised by analysts at Benchmark Co. from $3.00 to $8.00. They now have a "buy" rating on the stock.MarketBeat
- D-Wave Quantum Inc. (NYSE: QBTS) had its price target raised by analysts at Craig Hallum from $2.50 to $9.00. They now have a "buy" rating on the stock.MarketBeat
- What's Behind The 500% Rise In QBTS Stock? [Forbes]Forbes
- D-Wave Maintains SOC 2 Type 2 Compliance, Reinforcing Commitment to Delivering Secure, Enterprise-Grade Quantum Computing Solutions [Yahoo! Finance]Yahoo! Finance
- D-Wave Maintains SOC 2 Type 2 Compliance, Reinforcing Commitment to Delivering Secure, Enterprise-Grade Quantum Computing SolutionsBusiness Wire
QBTS
Earnings
- 11/14/24 - Miss
QBTS
Sec Filings
- 12/20/24 - Form 144
- 12/18/24 - Form 8-K
- 12/16/24 - Form 8-K
- QBTS's page on the SEC website