D-Wave Quantum Inc. ( QBTS ) shares traded lower on Tuesday as quantum stocks experienced volatility ahead of Nvidia Inc’s Quantum Day, which is set to take place during the Nvidia GPU Technology Conference (GTC) this week.

What To Know: Investor enthusiasm for Nvidia's ( NVDA ) GTC has been a key driver of quantum and AI-related stocks, with expectations that Nvidia ( NVDA ) will showcase its next-generation Blackwell Ultra and Rubin chips. Nvidia's ( NVDA ) data center revenue projections, estimated to more than double by 2027, have fueled market interest but competition from in-house chips developed by companies like Amazon and Google remains a challenge.

Despite overall investor excitement surrounding the Nvidia ( NVDA ) conference, quantum stocks including D-Wave, have seen increased volatility, with some analysts warning of pump-and-dump schemes and short squeezes in the sector.

A panel discussion featuring D-Wave Quantum ( QBTS ), IonQ and Rigetti Computing is set to take place on Thursday.

Economic concerns have also weighed on the broader market, with weaker-than-expected retail sales data adding to investor cautiousness. The potential impacts of tariffs from the Trump administration has also sparked recession fears.

D-Wave Quantum ( QBTS ) helped drive momentum in the quantum computing space last week after the company reported a more than 500% increase in fourth-quarter bookings. Several analysts also raised price targets on the stock following the company’s quarterly results. The stock appears to be consolidating a bit after surging more than 75% over the past month.

QBTS Price Action: D-wave Quantum ( QBTS ) shares closed Tuesday down 3.58% at $10.78, according to Benzinga Pro.

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