Why Quantum Computing Stock Xanadu Quantum Technologies Plummeted 56.2% in September
The future is bright for quantum computing, so what darkened investors' outlook for this photonic quantum computing specialist?
Overview
After announcing auspicious developments last month, Xanadu Quantum Technologies gave bulls plenty of reason to suggest it was a good time to click the buy button on the quantum computing stock. That was hardly the case, though. One specific -- and, frankly, unsurprising -- catalyst contributed to the decline in shares last month.
According to data provided by S&P Global Market Intelligence, Xanadu shares plunged 56.2% in September.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.