Why D-Wave Quantum Stock Dropped Today
Shares of D-Wave Quantum (NYSE: QBTS) dropped on Tuesday, finishing the day down 6.2%. The slide came as the S 500 and the Nasdaq Composite both had their worst day in months, falling 2.1% and 2.4%, respectively.
The quantum computing stock got swept up in a broad market rout triggered by escalating geopolitical tensions. President Trump doubled down on his push to acquire Greenland, threatening tariffs on eight allies -- including seven EU members and the U.K. -- unless they support a U.S. takeover of the Danish territory. When pressed on how far he'd go, Trump responded, "You'll find out."
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Source Fool.com
