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Quantum computing stocks decline after Nvidia CEO suggests long development timeline

share-iconPublished: Thursday, January 09 share-iconUpdated: Thursday, January 09 comment-icon3 months ago
News sources:
REUTERS
Quantum computing stocks decline after Nvidia CEO suggests long development timeline

Credited from: REUTERS

  • Quantum computing stocks experienced a significant decline, halting a year-long rally.
  • Nvidia's CEO, Jensen Huang, projected that practical quantum computing technology is likely two decades away.
  • Major companies like Rigetti Computing and IonQ saw their stock prices drop over 40%.
  • Collectively, these companies faced a loss of more than $8 billion in market value.
  • Despite the decline, analysts suggest that government contracts may boost revenues for quantum computing firms in the coming years.

Read more about this in the original article here.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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