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Stock impact report

Jim Cramer on D-Wave: “The Report Was Really a Perfect Example of Why These Stocks are so Tough to Game” [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
“Over the past few weeks, this once red-hot speculative side of this market, yeah, you know it's getting crushed. I mean, just look at the quantum computing plays. We had D-Wave Quantum on the show in August. Stock was at $18 and change by mid-October, then it peaked at nearly 47 bucks. But now I think this makes sense to some, it's back below $30, down almost 40% from that high. That's where you gotta start thinking about getting in. Last week, D-Wave reported its third-quarter results, and the report was really a perfect example of why these stocks are so tough to game. On the one hand, the numbers were all better than expected. On the other hand, they only had 3.7 million in revenue last quarter because the technology's still in its infancy. Stock actually rallied almost 4% response. Still finished last week down nearly 20%. Remember last week was… a bad week for these stocks.” Photo by Artem Podrez on Pexels D-Wave Quantum Inc. (NYSE:QBTS) develops quantum computing systems, Show less Read more
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