D-Wave Quantum's $2.94B Volume Ranks 28th as Stock Falls 4.12% Amid Macroeconomic Jitters and Regulatory Scrutiny

D-Wave Quantum (QBTS) closed on October 8, 2025, with a $2.94 billion trading volume, ranking 28th in the market. The stock fell 4.12% amid mixed sector performance and broader market volatility. Key drivers included shifting investor sentiment toward quantum computing equities and macroeconomic uncertainty ahead of key central bank decisions.

Recent developments highlighted regulatory scrutiny of quantum technology applications, prompting risk-off behavior among institutional investors. Analysts noted increased short-term positioning in the sector as hedge funds rebalance portfolios ahead of year-end liquidity events. Market participants remain cautious about near-term technical indicators, with the 50-day moving average acting as a critical support level.

The cross-sectional backtest strategy—buying the top 500 volume stocks daily from January 1, 2022—requires either daily volume-screened ticker lists or proxy ETFs like RSP for approximation. Full implementation would need granular volume data to replicate exact portfolio compositions, as automated market screening tools remain unavailable in this environment. Preliminary tests using liquidity proxies suggest mixed historical performance, with high-turnover portfolios showing elevated volatility but limited directional consistency.