D-Wave Quantum's revenue drops 81%, but stock rises on strong $20M bookings surge.

D-Wave Quantum reported an 81% decline in quarterly revenue, missing expectations. However, the company's stock rose as investors focused on a significant increase in bookings, driven by a recent $20 million system sale. This surge in bookings suggests potential future growth despite the current revenue drop. Investors appear optimistic about the company's longer-term prospects based on these new orders.