Quantum-computing stocks plummet after D-Wave reaches agreement to sell more shares

D-Wave Quantum is leading a sell-off in quantum-computing stocks after reaching a deal with investment banks to sell up to $150 million in shares.

The stocks sold off late on Friday when this filing dropped, with momentum accelerating to the downside on Monday morning. As of 9:05 a.m. ET, D-Wave Quantum and Rigetti Computing are each off double digits, while Quantum Computing and IonQ are also posting steep losses.

In response to a question on Thursday as to whether D-Wave faced financial constraints, CEO Dr. Alan Baratz told Sherwood News that “we’re not constrained by that today.”

Based on where D-Wave is trading this morning, $150 million amounts to about 13% of its market cap.

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Luke Kawa

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A festive meal based on mean, green, hairy creature fueled McDonald’s biggest day of sales on record

“Am I eating this just because I’m bored?”

Santa Claus tours Valparaiso Bay by boat

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Cisco beats expectations for Q2 sales and EPS; Q3 margin forecast is light

Cisco is dropping in Thursday’s premarket, down 8% at 4:45 a.m. ET, after a middling Q3 profit forecast offset sales and earnings beats in its second-quarter results yesterday.

For the fiscal second quarter of 2026, the computer networking equipment giant reported:

Non-GAAP earnings per share of $1.04 vs. the $1.02 expected by Wall Street analysts, according to FactSet.
Sales of $15.35 billion vs. the $15.11 billion consensus expectation.
AI infrastructure orders from hyperscalers of $2.1 billion vs. $1.3 billion in the previous quarter.
Revenue guidance for fiscal Q3 of between $15.4 billion and $15.6 billion vs. $15.19 billion consensus estimate.
Adjusted gross margin guidance for fiscal Q3 of 65.5% to 66.5%, compared with analysts’ forecasts for 68.2%.
Fiscal year 2026 sales guidance of $61.2 billion to $61.7 billion vs. previous guidance of between $60.2 billion and $61.0 billion.

Along with other companies like Lumentum, Corning, and new S&P 500 member Ciena, which provide things like the wiring and networking equipment needed to connect server racks, Cisco shares had been enjoing a strong start to 2026 as the AI data center boom continues to roll.

J. Edward Moreno13h

McDonald’s Q4 earnings, sales beat Wall Street estimates

McDonald’s reported Q4 results on Wednesday that beat Wall Street’s expectations, which the company attributes to its “value leadership.”

For the last three months of 2025, the fast-food giant reported:

Adjusted earnings per share of $3.12, compared to the $3.05 analysts polled by FactSet were expecting.
Revenue of $7 billion, higher than the $6.8 billion analysts were penciling in.
Global comparable-store sales growth of 5.7%, compared to the 3.9% growth analysts were expecting. In the US, comparable sales grew 6.8% versus the 5.4% that was expected. The company said this was “driven by positive check and guest count growth primarily from successful marketing promotions.”

McDonald’s has emphasized discounts and promotions, such as its $5 meal deals. “McDonald’s value leadership is working,” CEO Chris Kempczinski said in a statement.

Shares were little changed in after-hours trading.

Luke Kawa

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AppLovin delivers top- and bottom-line beats in Q4 with Q1 guidance ahead of estimates

The ad tech company just released Q4 results.

Tasha Matsumoto

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Stocks finish flat after blockbuster jobs report

Employers added 130,000 jobs last month, crushing estimates for 65,000.

BISHOP'S STORTFORD, ENGLAND - JANUARY 25: Snowfall in the Essex countryside on January 25, 2021 in Bishop's Stortford, Essex, United Kingdom.

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