Quantum-computing stocks sink as Nvidia CEO delivers a reality check
Portfolio Pulse from
Quantum-computing stocks, including Rigetti Computing, Quantum Computing, IonQ, and D-Wave, experienced a significant decline after Nvidia's CEO, Jensen Huang, stated that practical quantum computers could be 20 years away.
January 08, 2025 | 3:00 pm
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NEGATIVE IMPACT
IonQ's stock saw a significant drop following Nvidia CEO's remarks on the long timeline for practical quantum computing.
The negative outlook on the timeline for quantum computing by Nvidia's CEO impacts IonQ, a company heavily invested in quantum technology.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
D-Wave's stock declined sharply after Nvidia's CEO commented on the distant future of practical quantum computers.
Nvidia's CEO's statement on the long-term horizon for quantum computing affects D-Wave, a company focused on this technology, leading to a stock price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Quantum Computing Inc.'s stock declined after Nvidia's CEO indicated that practical quantum computers might be 20 years away.
Nvidia's CEO's comments suggest a longer timeline for quantum computing, negatively affecting Quantum Computing Inc.'s stock due to its focus on this technology.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rigetti Computing's stock fell sharply following Nvidia CEO's comments on the distant future of practical quantum computers.
The statement by Nvidia's CEO casts doubt on the near-term viability of quantum computing, directly impacting Rigetti's stock as it is a key player in the quantum computing space.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80