D-Wave Quantum Computing (QBTS -5.41%) stock trades at a lower price, but that doesn't necessarily make it a buy.
In today's video, I discuss Nvidia (NVDA -3.00%) and recent updates impacting the company. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Quantum computing was one of the hot trends of the past few months as stocks have doubled or more following Alphabet's (GOOG -1.14%) Willow announcement. Investors looking for any way to play the quantum computing space have pushed microcap stocks into the stratosphere.
The markets sold off throughout the short trading week, much of which happened Friday following a stronger-than-expected jobs report and mixed consumer sentiment. A quantum sell off was responsible for a lot of the RUT's losses after Nvidia's (NVDA) CEO comments on the tech.
Nvidia (NASDAQ:NVDA) CEO Jensen Huang had some thoughts to share about the state of quantum computing, a forward-thinking innovation that may eventually surpass artificial intelligence (AI) in hype.
Artificial intelligence (AI) could be the greatest game-changing technology ever. However, some believe quantum computing will be even bigger than AI.
Shares of Quantum Computing Inc. (QUBT -43.34%) soared 1,713% last year, according to data from S&P Global Market Intelligence. As the name suggests, this is a quantum computing start-up that has benefited from the major run in this industry niche in the latter half of 2024.
The carnage in quantum computing stocks Wednesday saw shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing (NASDAQ:QUBT), and IonQ (NASDAQ:IONQ) plunge 40% or more.
Quantum computing stocks have been on fire over the past few months, but that all changed on Wednesday after Nvidia (NVDA -0.02%) CEO Jensen Huang said it will be 15 to 30 years before quantum computing is "very useful." In the video below, Travis Hoium shows why the drop in stocks may continue.
We've been told that the future is now, but it seems it's not quite here yet—at least not for quantum computing.
Of all the futuristic technologies being explored by big technology companies and start-ups, quantum computing is one of the most exciting. There are some types of computational problems that are simply impossible for even the world's most powerful supercomputer to solve.
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