Bank of New York Mellon Corp acquired 2,290,584 shares of D-Wave Quantum. This purchase represents an investment valued at approximately $54.95 million. The transaction gives the institutional investor a 0.62% stake in the company. A Q2 Form 13F filing disclosed the purchase.
D-Wave recently reported a Q2 2026 earnings miss. The company also announced the retirement of its CFO. An analysis from the same day noted the stock has declined 43.5% over the previous nine months. Financial models suggest the company is significantly overvalued.