D-Wave Quantum shares pull back $1.88 to $17.64 following a one-day rally driven by a partnership expansion and analyst upgrade.
D-Wave Quantum (QBTS) shares declined 10% to $17.64, shedding $1.88 after a 20% gain the prior session. The drop moderates Monday’s rally, which followed the company’s expanded partnership with AT&T and a bullish analyst initiation.
The stock had surged 20% on Monday, outpacing broader market moves, as investors reacted to the collaboration and positive coverage. Prior to the rally, QBTS had traded in a narrower range, with limited volatility in recent weeks.
No immediate market reaction was detailed beyond the price movement.