Tuesday 25 August

Finance chief plans to retire, and we're cautious

D-Wave's finance chief told the company he intends to retire, stepping down in September 2026. We looked at 115 similar leadership exits; on average the stock lagged the market by about 3% over the next three months, and it went either way roughly half the time. The stock actually ticked up about 4% on the day, but our read leans cautious.

What would change this — A fresh 8-K naming a strong permanent replacement, or a new quarterly filing showing improving cash and revenue, would soften our caution.