Quantum computing stocks tumble after Nvidia boss Jensen Huang says the tech is still 20 years away

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Quantum computing stocks tumble after Nvidia boss Jensen Huang says the tech is still 20 years away

//stocks-investing.news-articles.net/content/202 .. -huang-says-the-tech-is-still-20-years-away.html

Published in Stocks and Investing on Wednesday, January 8th 2025 at 19:01 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

The article discusses the impact of Nvidia CEO Jensen Huang's comments on the quantum computing sector. During a Q&A session at the SIGGRAPH conference, Huang suggested that quantum computing is still about 20 years away from practical application, causing a significant drop in stock prices for companies involved in quantum computing. Specifically, shares of companies like D-Wave Quantum, Rigetti Computing, and IonQ fell sharply, with declines ranging from 8% to 10%. Huang's remarks highlighted the ongoing challenges in quantum computing, such as error correction and the need for a large number of qubits, which are currently far from being resolved. This has led to a reassessment of the near-term prospects for quantum computing technology in the investment community.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/savingandinvesting/quantum-computing-stocks-tumble-after-nvidia-boss-jensen-huang-says-the-tech-is-still-20-years-away/ar-AA1xblct ]