Quantum Stocks Plunge, NVDA CEO Says Tech is 15+ Years Away
Portfolio Pulse from
Quantum computing stocks, including Rigetti Computing, IONQ Inc., and Quantum Computing, experienced significant declines after Nvidia's CEO stated that the technology is still 15 to 30 years away.
January 08, 2025 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Nvidia's CEO's comments on the timeline for quantum computing technology influenced the market, causing a sell-off in related stocks.
While Nvidia's stock may not be directly impacted, the CEO's comments influenced the broader market perception of quantum computing.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
IONQ Inc. saw its stock price fall sharply following Nvidia's CEO's remarks on the distant future of quantum computing technology.
Investors reacted negatively to the long-term outlook for quantum computing, as suggested by Nvidia's CEO, impacting IONQ's stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Quantum Computing's stock experienced a significant decline after Nvidia's CEO stated that quantum technology is still 15 to 30 years away.
The market reacted to Nvidia's CEO's comments by selling off shares of Quantum Computing, reflecting concerns over the technology's timeline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Rigetti Computing's stock dropped significantly after Nvidia's CEO commented that quantum computing technology is still 15 to 30 years away.
The statement from Nvidia's CEO likely caused investors to reassess the timeline for quantum computing, leading to a sell-off in Rigetti's stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90