Quantum computing stocks just got hit with another setback. On Jan. 10, Meta Platforms (META) CEO Mark Zuckerberg cast doubt on the technology’s near-term potential, echoing recent skepticism from Nvidia (NVDA) chief Jensen Huang and driving share prices lower.
Quantum computing has the potential of being the next big innovation. At the right size and the right price, it might even be investable.
Quantum-computing stocks tumbled Monday following comments from Meta Platforms CEO Mark Zuckerberg that quantum is far from being a “practical paradigm.” Shares of D-Wave Quantum and Rigetti Computing fell 31% and 29%,
Alphabet recently made breakthroughs with its Willow chip that caused shares of quantum computing stocks Rigetti and D-Wave to soar. Many industry experts estimate useful quantum computing is one or two decades away,
Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.
D-Wave, Rigetti Computing and Quantum Computing shares are now down by more than half on the year after critical commentary from tech executives.
Sustainability of quantum computing in the future of technology is something that is raising concerns among US investors as related stocks have begun taking a major dive over the past week. Meanwhile,
VC investment into quantum computing declined by 50% last year according to the "State of Quantum 2024" report, dropping from $2.2 billion in 2022 to $1.2
CEO Mark Zuckerberg agreed with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang‘s cautious outlook on quantum computing, saying that the technology remains years away from practical implementation. What Happened: Speaking on Joe Rogan’s podcast Saturday,
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.
Read here for an analysis of the surge of quantum computing stocks, focusing on Rigetti Computing's unique approach and potential long-term gains. See more.
A day after quantum computing stocks took it on the chin again after Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg cast doubts on the sector’s viability in the near term, they are rising ...