Published on 8 Jan 2025 on Benzinga
Quantum Stocks Tumble: Why Rigetti, IonQ and D-Wave Are Falling - NVIDIA...
Rigetti Computing Inc. RGTI, IonQ, Inc. IONQ and D-Wave Quantum Inc. QBTS shares are moving lower on Wednesday. The weakness in quantum-related stocks comes after Nvidia Corporation NVDA CEO Jensen Huang expressed skepticism about the timeline and near-term usefulness of quantum computers.
During Nvidia’s analyst day, Huang commented, "If you said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it's probably on the late side. If you picked 20, I think a whole bunch of us would believe it."