---
title: "U.S. Stock Market Midday Update: D-Wave Quantum down 8.86%: CFO resignation combined with poor performance, market confidence shaken"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297076452.md"
description: "D-Wave Quantum fell 8.86%; Financial Software fell 4.10%, with a transaction volume of USD 2.799 billion; Palantir Tech rose 2.25%, with a transaction volume of USD 2.738 billion; Strategy fell 2.81%, with a transaction volume of USD 1.357 billion; SAP fell 3.16%, with a market value of USD 242.5 billion"
datetime: "2026-08-26T17:58:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297076452.md)
  - [en](https://longbridge.com/en/news/297076452.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297076452.md)
generator: "portal-rs"
---

# U.S. Stock Market Midday Update: D-Wave Quantum down 8.86%: CFO resignation combined with poor performance, market confidence shaken

**U.S. Stock Market Midday Update**

D-Wave Quantum fell 8.86%. Based on recent key news:

1.  On August 25, D-Wave Quantum announced the resignation of Chief Financial Officer John Markovich, with Greg Golkov appointed as interim CFO. This news raised concerns about the company's financial stability, leading to a decline in stock price. Source: Reuters

2.  On August 26, D-Wave Quantum reported its revenue for the first half of the year at $5.9 million, a significant drop from $18.1 million in the same period last year, with a net loss of $48 million in the latest quarter. This poor financial performance heightened investor concerns. Source: Reuters

3.  On August 26, despite D-Wave Quantum receiving a strong buy rating, analysts expressed concerns about the uncertainty surrounding its financial transition, affecting market confidence. Source: MarketWatch The quantum computing industry has broad prospects, but the market is at high risk of volatility.

**Stocks with High Trading Volume in the Industry**

C3.ai fell 4.10%, with a trading volume of $2.799 billion. Based on recent key news:

1.  On August 26, C3.ai issued revenue and profit guidance for fiscal year 2027 that fell short of expectations, causing the stock price to plummet 11.8% in pre-market trading. The market is worried about intensified AI competition and customer loss in core products, impacting the stock price decline. Source: Zhito Finance

2.  On August 25, C3.ai's fourth-quarter performance exceeded expectations, but the outlook for fiscal year 2027 was weak, leading to a sharp drop of 9.3% in after-hours trading. The market expressed concerns about its profitability and growth momentum. Source: Wall Street Insight

3.  On August 26, Morgan Stanley analysts pointed out that although the risk of AI disruption has not been eliminated, the profitability resilience of the software sector has increased, and C3.ai's price-to-earnings ratio is below historical averages, attracting investor attention to valuation opportunities. Source: Jinshi Data The software industry faces AI competition pressure, with valuation volatility.

Palantir Tech rose 2.25%. Based on recent key news:

1.  On August 24, ARK Invest and insiders sold a large amount of Palantir stock, exacerbating market concerns about its future growth. ARK Invest sold over $27 million in stock, and insider sales exceeded $30 million, affecting stock price volatility.

2.  On August 25, Palantir's Chief Accounting Officer sold some shares, further intensifying market doubts about internal confidence in the company. This move was seen as a potential negative signal for the company's future performance.

3.  On August 26, analysts expressed concerns about Palantir's high valuation, noting that despite its promising growth prospects, the high valuation could limit the upside potential of the stock price. Analysts pointed out that its price-to-earnings ratio is far above the industry median, affecting investor confidence. The AI industry is facing intensified competition, with significant capital inflow Strategy fell 2.81%, with active trading. Based on recent key news:

4.  On August 26, MSCI considered removing Strategy from the global stock index, which could affect its Bitcoin holding financing model, leading to a drop in stock price. Source: Zhitong Finance

5.  On August 24, Strategy established a new USD cash pool to enhance liquidity, with stock price rising about 3% in pre-market trading. Source: Zhitong Finance

6.  On August 25, Canaccord Genuity raised Strategy's target price to $175, maintaining a buy rating, with the stock price reaching a nearly one-month high. Source: Zhitong Finance Bitcoin rebounded, and market volatility increased.

**Stocks ranked at the top of the industry by market capitalization**

SAP fell 3.16%, with increased trading volume. Based on recent key news:

1.  On August 26, UBS downgraded SAP's rating from "Buy" to "Neutral," setting a target price of €201. This move led to a drop in SAP's stock price of about 3%. Source: MarketWatch

2.  On August 26, SAP board member Thomas Heinrich Saueressig purchased company shares, showing internal confidence, but failed to prevent the stock price from falling. Source: Public Technologies

3.  On August 27, American software company Intuit released disappointing forecasts, dragging down SAP's stock price by 2.9%. Source: Reuters The software sector is under pressure overall, facing challenges in the industry

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**