University of Kwazulu-Natal

Quantum Computing Stock Market Volatility Nvidia Ceo S Comments

Bonisiwe Shabane
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quantum computing stock market volatility nvidia ceo s comments

Quantum computing stocks tanked by over 40% after Huang's statement When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Nvidia CEO Jensen Huang purportedly was responsible for tanking quantum computing stocks on Wednesday after a claim he had made about quantum computers' usefulness. Reuters reports that Jensen Huang believes quantum computer usefulness will only truly take place in 20 years, tanking several quantum computing stocks by more than 40%. According to Reuters, Jensen Huang claimed on Tuesday, "If you kind of said 15 years...

that'd probably be on the early side. If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it." Jensen's statement alone caused Rigetti Computing (RGTI.O), D-Wave Quantum (QBTS.N), Quantum Computing (QUBT.O), and IonQ (IONQ.N), stock to fall more than 40%, combining for a lost market value of over $8 billion. The quantum computing sector experienced a significant setback on Wednesday as Nvidia (NVDA) CEO Jensen Huang‘s remarks cast a long shadow over the timeline for the practical application of quantum computers. Huang’s cautious outlook during Nvidia’s analyst day, where he suggested that “very useful” quantum computers might be 15 to 30 years away from realization, led to a sharp decline in stock prices for leading...

Quantum Computing Inc. (QUBT), IonQ Inc. (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) saw their shares plummet in premarket trading, with drops exceeding 24% for Quantum Computing, D-Wave, and Rigetti, and a 16% decrease for IonQ. This downturn was particularly stark given the recent surge in these stocks, fueled by optimism about quantum computing’s potential and amplified by Alphabet’s (GOOGL, GOOG) recent advancements in the field. Over the past year, quantum computing stocks have seen dramatic gains, with Quantum Computing Inc. soaring by more than 1,940%, Rigetti climbing over 1,450%, D-Wave surging by more than 1,025%, and IonQ rising nearly 300%.

Huang’s prediction not only affected U.S.-based companies but also had a ripple effect in Asia, notably impacting Chinese quantum computing firms like QuantumCTek Co. Ltd and Accelink Technologies Co. Ltd, whose shares also fell significantly. His statement provided a stark contrast to the bullish sentiment that had driven these stocks to new heights, suggesting that the technology’s journey to becoming a mainstream, practical tool might be much longer than... This reaction in the stock market underscores the volatility and speculation inherent in investing in cutting-edge technologies like quantum computing. While the theoretical benefits of quantum computing, including solving complex problems in cryptography, drug discovery, and optimization, are well-documented, the practical implementation faces numerous challenges.

These include not only the technical hurdles of maintaining quantum coherence and reducing error rates but also the significant investment in research and development required to make these systems viable for everyday use. Moreover, Huang’s comments reflect a broader industry acknowledgment that quantum computing, despite its promise, remains in the realm of advanced research rather than immediate commercial application. This perspective tempers expectations and might encourage a more realistic approach to investment and development in the sector, focusing on long-term growth and partnerships with classical computing technologies to bridge current gaps. A handful of quantum computing stocks have skyrocketed as some paint the technology as the next big technological innovation, but Nvidia CEO Jensen Huang warned analysts that any practical applications are still many years... Huang said Nvidia is not worried about quantum computing and added that practical applications for the nascent but powerful computers are at least 15 years away or more. “And so if you kind of said 15 years for very useful quantum computers, that’d probably be on the early side.

If you said 30 is probably on the late side. But if you picked 20, I think a whole bunch of us would believe it,” Huang told analysts, according to Axios. Quantum computers, which are powered by atom-sized “qubits” that operate via the rules of quantum mechanics, have been shown to be extremely powerful, but only in certain situations. They are distinct from existing “classical” supercomputers, which operate more similarly to a basic laptop, albeit at a much higher level. Last month, Google researchers announced its homegrown Willow quantum-computing chip could solve a complex math problem that would’ve taken the most powerful existing supercomputers 10 septillion years, or more than the estimated age of... Several stocks across the quantum computing industry, including Rigetti Computing (RGTI), D-Wave Quantum (QBTS), IonQ (IONQ), and Quantum Computing (QUBT), fell sharply Wednesday following comments from Nvidia (NVDA) CEO Jensen Huang about the technology.

Huang said at an analyst event Tuesday that "very useful quantum computers," which could make a number of computing tasks more efficient, are likely 15 to 30 years away. "If you kind of said 15 years for very useful quantum computers, that would probably be on the early side," Huang said. "If you said, you know, 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it." The quantum computing sector faced a setback following comments from Nvidia (Nasdaq: NVDA) CEO Jensen Huang, who suggested that the practical application of quantum computing might still be two decades away. This statement had a ripple effect across the stock market, leading to a sharp decline in the shares of several quantum computing companies.

Rigetti Computing (Nasdaq: RGTI), D-Wave Quantum (Nasdaq: QBTS), and IonQ (NYSE: IONQ) saw their market value decrease by over $5 billion. Investors reacted swiftly to Huang’s forecast, reflecting concerns over the timeline for quantum technology’s commercial viability, contrasting with the optimistic projections surrounding Google’s recent advancements with Willow last month. The stock market witnessed notable fluctuations in several quantum computing stocks following recent developments. RGTI, for instance, experienced a dramatic drop, opening at $12.65 and falling to a current price of $9.355, with a day low of $9.00. This decline reflects investor apprehension following Nvidia’s comments. Similarly, IONQ saw its stock price decrease significantly, from a previous close of $49.59 to $26.75, with the day’s trading range between $26.14 and $39.00.

The volatility in these stocks underscores the market’s sensitivity to industry forecasts and technological advancements. Despite the quantum computing sector turbulence, Google’s parent Alphabhet’s stock (Nasdaq: GOOG) has shown relative stability. Opening at $192.585, the current price at the time of writing stands at $194.19, with a trading range for the day between $192.38 and $196.29. Google’s market capitalization remains robust at $2.38 trillion, and analysts maintain a positive outlook with a “Buy” recommendation. The company’s recent quantum chip announcement has captured the tech world’s imagination and reinforced investor confidence in its long-term potential. As Google continues to push the boundaries of innovation, its stock performance reflects a steady trajectory amidst a fluctuating market landscape.

Quantum computing stocks took a sharp downturn following remarks from Nvidia (NVDA) Chief Executive Jensen Huang, introducing unexpected volatility to this developing technology sector. The pullback comes after substantial institutional investment had poured into quantum computing firms, with many positioned as potential market leaders in this next-generation computing paradigm. Industry watchers point to Huang's comments as triggering a reassessment of near-term expectations across the quantum landscape. With Nvidia's first "Quantum Day" scheduled for March 20, 2025, Wall Street analysts are speculating whether this could mark a significant announcement that might either validate current quantum computing approaches or signal Nvidia's own... Technical indicators suggest the sector may be forming a base, with several names approaching key support levels ahead of the event. In January 2025, during the Consumer Electronics Show (CES), Jensen Huang made a statement that sent shockwaves through the quantum computing industry.

He expressed skepticism about the near-term viability of quantum technology, suggesting that "very useful quantum computers" could be 15 to 30 years away. This candid assessment led to a sharp decline in the stock prices of several quantum computing companies, including IonQ, Rigetti Computing, and D-Wave Quantum. The market reaction was swift and severe, wiping out nearly $8 billion in market value from these companies. Huang's comments highlighted the long development timelines and significant challenges facing the sector, contributing to increased volatility and caution among investors. The immediate impact was a stark reminder of the delicate balance between optimism and realism in the tech industry. In a twist of irony, Nvidia announced its inaugural Quantum Day shortly after Huang's comments.

Scheduled for March 20, 2025, this event is part of the GTC 2025 conference and aims to bring together leaders from the quantum computing industry. The timing of this event suggests a strategic move by Nvidia to reset expectations and engage with industry leaders to discuss the future of quantum computing. The quantum computing sector experienced a significant setback on Wednesday as Nvidia (NVDA) CEO Jensen Huang‘s remarks cast a long shadow over the timeline for the practical application of quantum computers. Huang’s cautious outlook during Nvidia’s analyst day, where he suggested that “very useful” quantum computers might be 15 to 30 years away from realization, led to a sharp decline in stock prices for leading... Quantum Computing Inc. (QUBT), IonQ Inc.

(IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) saw their shares plummet in premarket trading, with drops exceeding 24% for Quantum Computing, D-Wave, and Rigetti, and a 16% decrease for IonQ. This downturn was particularly stark given the recent surge in these stocks, fueled by optimism about quantum computing’s potential and amplified by Alphabet’s (GOOGL, GOOG) recent advancements in the field. Over the past year, quantum computing stocks have seen dramatic gains, with Quantum Computing Inc. soaring by more than 1,940%, Rigetti climbing over 1,450%, D-Wave surging by more than 1,025%, and IonQ rising nearly 300%. Huang’s prediction not only affected U.S.-based companies but also had a ripple effect in Asia, notably impacting Chinese quantum computing firms like QuantumCTek Co. Ltd and Accelink Technologies Co.

Ltd, whose shares also fell significantly. His statement provided a stark contrast to the bullish sentiment that had driven these stocks to new heights, suggesting that the technology’s journey to becoming a mainstream, practical tool might be much longer than... This reaction in the stock market underscores the volatility and speculation inherent in investing in cutting-edge technologies like quantum computing. While the theoretical benefits of quantum computing, including solving complex problems in cryptography, drug discovery, and optimization, are well-documented, the practical implementation faces numerous challenges. These include not only the technical hurdles of maintaining quantum coherence and reducing error rates but also the significant investment in research and development required to make these systems viable for everyday use. Moreover, Huang’s comments reflect a broader industry acknowledgment that quantum computing, despite its promise, remains in the realm of advanced research rather than immediate commercial application.

This perspective tempers expectations and might encourage a more realistic approach to investment and development in the sector, focusing on long-term growth and partnerships with classical computing technologies to bridge current gaps.

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Quantum computing stocks tanked by over 40% after Huang's statement When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Nvidia CEO Jensen Huang purportedly was responsible for tanking quantum computing stocks on Wednesday after a claim he had made about quantum computers' usefulness. Reuters reports that Jensen Huang believes quantum computer usef...

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