Block & Leviton LLP is investigating D-Wave Quantum following the release of a report by Kerrisdale Capital. Kerrisdale alleges that D-Wave Quantum's technology is "essentially a marketing gimmick" and that the company has "no credible plan to transition to a viable gate-model quantum computer." The report further claims the company's solutions largely rely on classical computing, not quantum computing. Shares of D-Wave Quantum stock fell as much as 6% in intraday trading following the release of Kerrisdale's report on Tuesday, April 29, 2025.
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