D-Wave Quantum Inc. shares fall 6.02% intraday amid multiple class action lawsuits against Quantum Computing Inc.

D-Wave Quantum Inc. dropped 6.02% in intraday trading, with the company facing a class action lawsuit alleging securities fraud. The lawsuit claims that Quantum Computing Inc. overstated the capabilities of its quantum computing technologies, products, and services. Additionally, IonQ, a competitor, announced its participation in NVIDIA’s Quantum Day, highlighting its progress in quantum computing and real-world demonstrations of quantum-accelerated computation.