Caught D-Wave Quantum's weird trading pattern lately. The quantum computing stock got absolutely hammered in February, down 11.5% for the month. Pretty rough timing with all the tech selloff happening - growth stocks were getting crushed across the board.

What really hurt was their Q4 earnings miss. They posted a loss of $0.09 per share on $2.8 million in sales, but analysts were expecting better numbers - $0.06 loss on $3.7 million. Revenue growth was only 19% year-over-year when investors were clearly hoping for something more impressive. Bookings also dropped 27% year-over-year to $13.4 million, which definitely spooked people. Plus that inflation report at the end of February came in hotter than expected, and that didn't help tech stocks at all.

March has been all over the place for QBTS. Started the month weak with geopolitical tensions, then bounced on a better-than-expected jobs report from ADP. But then the official jobs data came out showing 92,000 job losses instead of the expected 50,000, and the stock went flat again. Pretty much been trading sideways since then.

Right now it's sitting around $6.9 billion market cap, down like 58% from its high. Still feels like a high-risk play to me. The quantum computing space is interesting long-term, but the valuation is stretched and the near-term momentum just isn't there.