D-Wave Tumbles 50%: QBTS Investors Confront Valuation
D-Wave Quantum shares plunged nearly 9% to $23.25—half their 52-week high—as investors question whether soaring bookings, up 1,994% to $33.4 million, can offset an 81% revenue drop and a $8.84 billion market cap against $12.4 million in trailing revenue; B. Riley raised its price target to $40, but the stock remains volatile amid sector-wide profit-taking and doubts over commercial adoption.