D-Wave Quantum Slumps 4.5% on 45th-Ranked $1.67B Volume as $400M ATM Boosts Cash 1,900% Amid 412x Valuation Woes

. 22, , . The stock’s move followed a $400 million At-the-Market (ATM) equity offering earlier in the quarter, . The liquidity infusion supports expansion of its Arizona-based chip manufacturing and quantum technology development. The company’s inclusion in the Russell 3000 and Russell 2000 indexes also increased institutional visibility, potentially enhancing share liquidity.

Analysts highlighted the company’s aggressive capital-raising strategy as a key factor. The funding allows for strategic acquisitions or partnerships to accelerate commercialization of quantum machines. However, . Despite recent analyst upgrades, . Riley, the valuation remains volatile, with momentum-driven swings raising concerns about speculative trading.

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