2 Popular Quantum Computing Stocks Could Drop 52% and 77%, According to Wall Street
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Alphabet's Google announced advancements in its Willow quantum computing chip, leading to significant stock price increases for Rigetti Computing and D-Wave Quantum. However, Wall Street predicts potential drops of 52% and 77% for these stocks.
January 24, 2025 | 9:30 am
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D-Wave Quantum's stock rose 110% after Google's quantum computing announcement, but Wall Street predicts a potential 77% decline.
D-Wave Quantum's stock price increase was driven by Google's announcement, but Wall Street's forecast of a 77% drop indicates possible overvaluation or market correction.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Rigetti Computing's stock surged 280% following Google's quantum computing advancements, but Wall Street forecasts a potential 52% drop.
The stock price of Rigetti Computing increased significantly due to Google's advancements, but Wall Street's prediction of a 52% drop suggests overvaluation or market correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90