Why D-Wave Stock Fell 25% in July
Investors are growing impatient with unprofitable companies.
Overview
Shares of the quantum computing company D-Wave Quantum (NASDAQ: QBTS) plunged last month as investors grew increasingly skeptical that big bets in the tech sector would pay off, including artificial intelligence and quantum computing.
Shares of D-Wave fell 24.6% in July, according to data provided by S&P Global Market Intelligence. And if the recent sell-off is any indication, D-Wave's shares could remain volatile for a while.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.