D-Wave Quantum Stock Drops 5.68% on Second Consecutive Day of Losses, Ranks 60th in Daily Market Trading Volume

On June 10, 2025, D-Wave Quantum (QBTS) experienced a significant decline, with its stock price dropping by 5.68%, marking the second consecutive day of losses. The total trading volume for the day was 11.07 billion, placing it at the 60th position in the daily market rankings.

D-Wave Quantum has entered into a sales agreement with multiple financial agents, including Needham, Evercore, and Canaccord Genuity, for the issuance and sale of shares of its common stock. This strategic move aims to raise up to $400 million through the sale of common stock, as announced by the company in a recent filing.

Analysts have predicted an average target price of $12.60 for D-Wave Quantum's stock, reflecting the market's expectations and the company's strategic initiatives. This agreement is part of D-Wave Quantum's broader strategy to secure additional capital for its ongoing operations and future growth.