Traders Ditched These 10 Stocks. Here’s Why

7. D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum saw its share prices drop by 7.29 percent on Thursday to finish at $16.27 apiece amid the lack of fresh catalysts to spark buying appetite.

In recent news, D-Wave Quantum Inc. (NYSE:QBTS) said that the US was already lagging behind other countries in quantum annealing—a specific type of quantum computing for finding optimal solutions to optimization problems by leveraging quantum phenomena such as superposition and quantum tunneling.

D-Wave Quantum Inc.’s (NYSE:QBTS) comment followed the launch of its new quantum computer, said to be capable of solving problems beyond the capabilities of a classical GPU-based supercomputer.

Called the Advantage2, the new computer is capable of addressing real-world use cases in areas such as optimization, materials simulation, and artificial intelligence (AI).

Customers are now able to access the Advantage2 system through D-Wave Quantum Inc.’s (NYSE:QBTS) LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9 percent availability and uptime, sub-second response times, and SOC 2 Type 2 compliance to meet enterprise needs and security requirements.