Quantum computing stocks just got hit with another setback. On Jan. 10, Meta Platforms (META) CEO Mark Zuckerberg cast doubt on the technology’s near-term potential, echoing recent skepticism from Nvidia (NVDA) chief Jensen Huang and driving share prices lower.
Quantum computing has been an up-and-down investment theme over the past few months. The rage kicked off when Alphabet ( GOOG 1.16%) ( GOOGL 1.13%) announced a breakthrough with its Willow quantum computing chip, and any stock associated with quantum computing rose on the news of the announcement.
Quantum-computing stocks tumbled Monday following comments from Meta Platforms CEO Mark Zuckerberg that quantum is far from being a “practical paradigm.” Shares of D-Wave Quantum and Rigetti Computing fell 31% and 29%,
Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.
Quantum computing has the potential of being the next big innovation. At the right size and the right price, it might even be investable.
Sustainability of quantum computing in the future of technology is something that is raising concerns among US investors as related stocks have begun taking a major dive over the past week. Meanwhile,
D-Wave, Rigetti Computing and Quantum Computing shares are now down by more than half on the year after critical commentary from tech executives.
CEO Mark Zuckerberg agreed with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang‘s cautious outlook on quantum computing, saying that the technology remains years away from practical implementation. What Happened: Speaking on Joe Rogan’s podcast Saturday,
Quantum stocks tumble as Nvidia’s cautious timeline and Zuckerberg’s doubts spark sell-offs, while D-Wave CEO argues quantum tech is delivering value today.
A day after quantum computing stocks took it on the chin again after Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg cast doubts on the sector’s viability in the near term, they are rising ...
Shares of Rigetti Computing are trading higher by 24.8% during Tuesday's session. The stock is rebounding after recent remarks by Jensen Huang and Mark Zuckerberg that cast doubt on quantum computing's timeline.
D-Wave, Rigetti Computing and Quantum Computing shares now down by more than half on the year after critical commentary from tech executives Add Meta Inc. Chief Executive Mark Zuckerberg to the ...