Why These 10 Companies Were Heavily Sold Down

8. D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum saw its share prices decline by 5.02 percent on Tuesday to finish at $7 apiece after being targeted by a short seller criticizing its core technology.

In its market report, short seller Kerrisdale Corp. said that D-Wave Quantum Inc.’s (NYSE:QBTS) core technology, quantum annealing, is at a “commercial dead end” that has already been abandoned by the rest of the industry.

It added that the company’s strategy, which emphasizes hybrid solvers for optimization problems, was misleading, saying that it was obscuring the actual mix of classical and quantum computing in its offerings to customers while charging a significant premium for the quantum branding.

D-Wave Quantum Inc. (NYSE:QBTS) has yet to respond to the allegations.

The company, based on its historical reporting dates, is expected to announce the results of its first quarter earnings performance in the second week of May 2025.

Last year, D-Wave Quantum Inc. (NYSE:QBTS) widened its net loss by 74 percent to $143.9 million from $82.7 million in 2023 primarily due to a $68.3-million charge related to the remeasurement of the company’s warrant liability that materially increased as a result of the significant price appreciation of the warrants. Meanwhile, revenues ended flat at $8.8 million.