D-Wave Shares Sink 8.9% as Trump Quantum Order Fails to Sustain Rally
Updated
Updated · The Motley Fool · Jun 24
D-Wave Shares Sink 8.9% as Trump Quantum Order Fails to Sustain Rally
3 articles · Updated · The Motley Fool · Jun 24
Summary
D-Wave stock fell 8.9% by 2:40 p.m. ET Tuesday, erasing the prior session’s gains after a brief 2.3% bounce earlier in the day.
5.3 call options were bought for every put on Monday, signaling heavy bullish speculation that appears to have overshot and then faded without fresh catalysts.
Trump’s order to build a powerful quantum computer before 2029 had fueled the rally, alongside plans for post-quantum cryptography by 2030 or 2031.
Analysts polled by S&P Global Market Intelligence still expect D-Wave to remain unprofitable through at least 2030, leaving the stock a high-risk bet despite potential policy support.