Quantum computing stocks plummet after Nvidia CEO suggests technology is decades away
Portfolio Pulse from
Quantum computing stocks fell sharply after Nvidia CEO Jensen Huang stated that the technology might be 15 to 30 years away from being 'very useful', causing a decline in investor enthusiasm.
January 08, 2025 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Quantum computing stocks, including QMCO, fell after Nvidia's CEO suggested the technology is far from being 'very useful', affecting investor sentiment.
QMCO, being a quantum computing stock, is directly affected by the negative sentiment from Nvidia's CEO's comments, leading to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Nvidia's CEO Jensen Huang's comments on quantum computing being decades away led to a decline in quantum computing stocks, reflecting investor caution.
Nvidia is not directly a quantum computing company, but its CEO's comments influenced the sector. The impact on NVDA itself is neutral as the company is more focused on AI and GPUs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50