Why D-Wave Quantum Inc. (QBTS) Crashed on Monday

We recently published an article titled Traders Heavily Dumped These 10 Firms on Monday. In this article, we are going to take a look at where D-Wave Quantum Inc. (NYSE:QBTS) stands against the other stocks.

A lackluster trading persisted on the stock market on Monday, with Wall Street’s major indices finishing mixed, as investors continued to digest and reposition portfolios ahead of more corporate earnings results.

Among the bellwether indices, only the Nasdaq finished in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent, and the S&P 500 inched up by 0.06 percent.

Meanwhile, 10 companies defied a predominantly optimistic market.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

D-Wave Quantum Inc. (NYSE:QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) saw its share prices decline by 2.12 percent on Monday to close at $7.37 as investors resorted to profit-taking following a four-day winning streak while repositioning portfolios ahead of the release of its first quarter earnings.

Based on its historical reporting dates, D-Wave Quantum Inc. (NYSE:QBTS) will announce the results of its first quarter earnings performance in the second week of May 2025.

Last year, D-Wave Quantum Inc. (NYSE:QBTS) widened its net loss by 74 percent to $143.9 million from $82.7 million in 2023 primarily due to a $68.3-million charge related to the remeasurement of the company’s warrant liability that materially increased as a result of the significant price appreciation of the warrants. Meanwhile, revenues ended flat at $8.8 million.

In recent news, the company announced the successful completion of a proof-of-concept project to apply quantum computing and artificial intelligence to drug discovery initiatives. It partnered with Japan-based Japan Tobacco Inc. for the project.

Overall QBTS ranks 9th on our list of the worst performing stocks on Monday. While we acknowledge the potential of QBTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than QBTS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.