In the last month, shares of D-Wave Quantum Inc. (NYSE: QBTS) have fallen by about 13% amid a broader selloff in the AI space that has impacted many firms across the tech space.
One bright spot during this time, though, was the days immediately following the quantum computing firm's announcement of an upcoming gate-model quantum computing simulator. In the immediate aftermath of the announcement, QBTS shares spiked by about 8%.