D-Wave Quantum Inc. is trading at $24.87 (10% down) as part of a sharp pullback in high-volatility tech and growth names following a weak Nasdaq session.
- The move aligns with a broader market de-risking from speculative technology stocks after stronger-than-expected U.S. jobs data reinforced concerns about higher-for-longer interest rates.
- There are no new company-specific headlines driving the price action; the decline is attributed to macroeconomic pressure on risk assets broadly.
- High-volatility growth stocks are facing increased selling pressure as Treasury yields react to the robust labor market report.