Movement Alert|D-Wave Quantum Inc. Intraday Decline 5.03%, Application Software Sector Broadly Lower Amid Profit-Taking

Market Focus
Oct 08

On October 8, D-Wave Quantum Inc. fell 5.03% in regular trading, trading at $14.455/share, with turnover of $79.4883 million.

The decline came as the broader application software sector came under pressure, with market risk appetite fading, and quantum computing concept stocks tracked the weakness. Within the sector, Palantir Technologies Inc. rose 2.58%, Strategy fell 2.32%, IREN Ltd fell 6.20%, PTC Inc. rose 0.01%, and Salesforce.com fell 1.50%.

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source Python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in logistics, financial services, drug discovery, materials sciences, scheduling, fault detection, mobility, and supply chain management. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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