NasdaqGS:QBTSSoftware
D Wave Quantum (QBTS) Stock Rallies On Bookings Surge Despite Heavy Losses
D-Wave Quantum came into this earnings print with a stock that had drifted over the past quarter, then jumped 7% in the first full session after results. That move reflects investors latching onto one headline metric. Bookings in the first half reached US$35.5 million, which sharply reset expectations around how quickly quantum systems and cloud access can convert into committed business.
Beneath that, the story is less simple. Quarterly revenue was US$3.1 million and the company still...