Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15 to 30 years away

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Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15 to 30 years away

//stocks-investing.news-articles.net/content/202 .. -says-the-computers-are-15-to-30-years-away.html

Published in Stocks and Investing on Wednesday, January 8th 2025 at 13:21 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.

The article discusses the impact of Nvidia CEO Jensen Huang's comments on the quantum computing industry, particularly on stocks like Rigetti Computing. Huang suggested that practical quantum computing is still 15 to 30 years away, leading to a significant drop in quantum computing stocks. Specifically, Rigetti's shares fell by 10% following his remarks at the Computex conference in Taiwan. Huang's skepticism stems from the current technological challenges in quantum computing, such as maintaining quantum states and scaling up systems, which he believes will take decades to overcome. This has led to a broader market reevaluation of the near-term prospects for quantum computing technology, affecting investor confidence and stock prices in the sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/quantum-stocks-like-rigetti-plunge-after-nvidia-s-huang-says-the-computers-are-15-to-30-years-away/ar-AA1xaKkk ]