From Nasdaq: 2025-06-13 15:01:00

Shares of D-Wave Quantum (NYSE: QBTS) fell 15% since last Friday with an additional drop on Thursday. The company announced an at-the-market stock offering to potentially raise up to $400 million, which could be dilutive to existing shareholders.

In a filing with the SEC, D-Wave stated it has enough cash on hand to fund operations to profitability. The company plans to use any potential proceeds for general corporate purposes, including capital expenditures, acquisitions, and working capital. Nvidia’s CEO praised quantum computing this week, causing other quantum computing stocks to rise.

D-Wave’s stock has surged 1,268% in the last year and trades at 191 times forward sales. While the company is making progress in mass producing quantum computers, the high valuation makes it difficult to recommend more than a small speculative position at this time.

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Read more at Nasdaq: Why Shares of D-Wave Quantum Are Sinking This Week