D-Wave Quantum shares plunge 20% amid broad tech sell‑off and US inflation data

D‑Wave Quantum’s share price fell to just above its 200‑day moving average, slipping about 20 % over a week. The decline followed a broad sell‑off in technology stocks triggered by disappointing Broadcom earnings, which dragged down the Nasdaq by 4.2 %—its worst session in 14 months. An unexpectedly strong U.S. jobs report added to the pressure by dampening hopes for near‑term rate cuts.

The market’s focus now turns to upcoming U.S. inflation data, with the Consumer Price Index for May to be released on 10 June and the Producer Price Index a day later. Higher‑than‑expected figures could further hurt high‑valuation tech names ahead of the Federal Reserve’s June policy meeting. Despite solid quarterly results—record bookings of $33.4 million and a cash position of $588 million—D‑Wave’s stock remains vulnerable to these macro‑economic risks.