🔴 QBTS is trading 6.0% down today as investors weigh record bookings against soft revenue

QBTS is trading 6.0% down today at $19.12 as the stock pulls back following a sharp post-earnings swing and reassessment of its growth trajectory.

• D-Wave's May 15 earnings report featured record bookings, but this was offset by softer recognized revenue and continued losses.
• Traders appear to be reassessing the risk profile of the company’s long-term, bookings-heavy growth story following last week's significant price move.
• The pullback occurs amid a broadly flat market as investors recalibrate expectations for the quantum computing firm's path to profitability.