Quantum Computing Stocks Crashed -- Here's Why
Portfolio Pulse from
Quantum computing stocks experienced a significant drop after Nvidia CEO Jensen Huang stated that it will take 15 to 30 years for quantum computing to become 'very useful.' This statement has led to a negative outlook for the sector in the short term.
January 09, 2025 | 2:45 pm
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NEGATIVE IMPACT
Nvidia's CEO Jensen Huang's statement about the long timeline for quantum computing utility has negatively impacted the stock prices of companies in the sector.
Nvidia's CEO is a key figure in the tech industry, and his statement about the long timeline for quantum computing utility has likely led to decreased investor confidence in the sector, affecting stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80