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D-Wave Quantum Stock Falls After Q3 Earnings as Bookings Drop 19%

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D-Wave Quantum Stock Falls After Q3 Earnings as Bookings Drop 19%

D-Wave Quantum (NASDAQ: QBTS) shares fell about 8% to $10.59 in Tuesday's morning trading after the quantum computing company reported third-quarter results showing weaker bookings and a wider adjusted EBITDA loss, despite revenue exceeding Wall Street estimates. D-Wave recorded third-quarter bookings of $1.9 million, down 19% from a year earlier and below the $2.1 million reported in the second quarter.

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