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Why D-Wave Quantum Stock Just Crashed

TheMotleyFool

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Why D-Wave Quantum Stock Just Crashed: https://g.foolcdn.com/editorial/images/876087/neon-quantum-computing-sign-floats-in-a-sea-of-qubits.jpg

D-Wave Quantum (NYSE: QBTS) stock jumped 2.3% on Tuesday as momentum investors swarmed to buy the stock in the wake of a Trump Administration order promoting the development of quantum computing. StreetInsider.com reported massive buying of call options in D-Wave stock yesterday -- 5.3 calls purchased for every put -- indicating traders were heavily bullish on the stock.

But it didn't last. As of 2:40 p.m. ET, D-Wave stock has given up all yesterday's gains and is crashing 8.9% today.

Image source: Getty Images.

Source Fool.com

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