Quantum stocks tumble as Nvidia's cautious timeline and Zuckerberg's doubts spark sell-offs, while D-Wave CEO argues quantum tech is delivering value today.
Quantum computing stocks fell again after Mark Zuckerberg joined Nvidia's CEO in claiming the technology is far off from commercial usage. The post Quantum Computing Stocks Take Another Hit On Zuckerberg View appeared first on Investor's Business Daily.
The Meta Platforms CEO says quantum computing is ‘quite a ways off' from being a ‘practical paradigm.'
Quantum computing technology became a hot investing topic toward the end of 2024. After Alphabet (GOOG -1.14%) (GOOGL -0.98%) last month unveiled its Willow quantum computing chip, which is significantly less error-prone than earlier iterations of the technology, investors flocked to the shares of companies that focus solely on quantum computing.
Quantum Computing (QUBT -9.38%) stock crashed significantly, causing investors to panic.
Quantum computing became a hot topic in 2024. After bubbling just below the zeitgeist for several years, a leading technology developer in the field presented a huge leap forward.
Rigetti and other quantum stocks went off a cliff when NVDA CEO Jensen Huang suggested good things were very far off into the future.
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.