QBTS
The insider sale wasn’t the main show
D-Wave Quantum’s [QBTS] stock was already having a wild night, and then the Form 4 crowd showed up. Executive Vice President and Chief Human Resources Officer Sophie Ames disclosed selling 23,025 shares on May 20th, worth roughly $437,000 at an average price near $18.98.
The filing says the trade was made under a pre-arranged Rule 10b5-1 plan, which is corporate-speak for “this wasn’t a panic button moment.” Ames still held a hefty chunk of stock afterward, including a big pile of unvested RSUs. So yes, there’s selling — but not necessarily a flashing red exit sign.
The real rocket fuel: quantum funding fever
The bigger move here is the sector backdrop. Traders are piling into quantum stocks after reports that the Trump administration may hand out roughly $2 billion in CHIPS Act money to the space.
- IBM was reportedly in line for $1 billion
- GlobalFoundries could get $375 million
- D-Wave, Rigetti, and Infleqtion were each said to be in the running for $100 million
And D-Wave separately said it signed a letter of intent for $100 million in proposed CHIPS funding, which is about as close as you can get to a neon sign saying “speculation lives here.”