D-Wave (QBTS) stock fell 8% intraday after the company announced that CFO John Markovich will retire; other stocks in the quantum computing sector were dragged down, with IonQ (IONQ) falling 3% and Rigetti (RGTI) falling 5%.
Shares of D-Wave Quantum (QBTS) fell 8% to $17.79 during Wednesday's trading session after the company disclosed that its Chief Financial Officer, John Markovich, will retire on September 2. Greg Golkov, Senior Vice President of Finance, will take over as interim CFO. Following this news, shares of other quantum computing companies also generally declined, with IonQ (IONQ) falling 3% to $40.68 and Rigetti Computing (RGTI) dropping 5% to $16.12. The company stated that Markovich's resignation was not due to any disagreement with the company on business, operations, accounting policies, or financial statements. D-Wave's revenue for the second quarter of 2026 was $3.08 million, lower than the expected $4.03 million.
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