Quantum Computing Stocks Sink as Nvidia CEO Says Tech Is 15 to 30 Years Away
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Quantum computing stocks, including Rigetti Computing, D-Wave Quantum, IonQ, and Quantum Computing, experienced a sharp decline after Nvidia CEO Jensen Huang stated that the technology is 15 to 30 years away.
January 08, 2025 | 9:00 pm
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NEGATIVE IMPACT
IonQ's stock experienced a drop as Nvidia's CEO indicated quantum computing is 15 to 30 years away.
The market reacted negatively to Nvidia's CEO's comments, affecting IonQ's stock due to the perceived delay in quantum computing advancements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
D-Wave Quantum's stock declined following Nvidia CEO's remarks on the distant future of quantum computing technology.
Nvidia's CEO's comments on the long-term horizon for quantum computing likely led to a negative market reaction for D-Wave Quantum.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Quantum Computing Inc.'s stock fell sharply after Nvidia's CEO commented on the distant future of quantum computing technology.
Investor sentiment turned negative for Quantum Computing Inc. after Nvidia's CEO suggested a long timeline for quantum computing.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Rigetti Computing's stock fell sharply after Nvidia's CEO commented that quantum computing technology is still 15 to 30 years away.
The statement from Nvidia's CEO suggests a longer timeline for quantum computing, impacting investor sentiment negatively for Rigetti Computing.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80