Movement Alert｜D-Wave Quantum Inc. Falls 8.18% in Regular Trading, LG CNS Partnership Fails to Lift Shares

Market Focus10-30

On October 30, D-Wave Quantum Inc. fell 8.18% in Regular Trading, trading at $10.635 per share, with turnover of $84.8015 million.

The most recent company-specific catalyst was D-Wave Quantum Inc.'s October 28 memorandum of understanding with LG CNS to accelerate enterprise quantum computing adoption in South Korea and other markets, but the stock remained under pressure despite that announcement.

Under the agreement, D-Wave Quantum Inc. will combine its annealing quantum computing technology with LG CNS's mathematical optimization capabilities to develop applications for manufacturing, telecommunications, finance, and retail clients, while also pursuing joint go-to-market opportunities. Earlier this month, the company also said its VoltaB1 Advantage2 system had arrived in Italy for installation and that it extended its multiyear manufacturing partnership with SkyWater to include intellectual property protection, indicating continued commercialization efforts.

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