Quantum computing shares crater after Nvidia's Jensen Huang pours chilly water prospects

Quantum computing shares are taking a beating at the moment after Nvidia CEO Jensen Huang delivered a sobering evaluation of the know-how’s timeline, saying sensible quantum computing purposes stay “a few years away” from business viability.

Particular person quantum names are seeing declines, with a number of struggling their worst single-day losses on document:

Rigetti Computing plunged 41.5%
IonQ tumbled 45%
Quantum Computing crashed 47%
D-Wave Quantum plummeted 46%
Quantum Corp dropped 26.6%.

The selloff highlights the speculative nature of quantum computing investments, with many corporations but to generate significant income. Huang’s feedback carry specific weight given Nvidia’s dominant place within the AI chip market and deep experience in superior computing applied sciences.

The quantum computing sector has changed into someday of a meme in latest months amid rising pleasure round quantum’s potential purposes in cryptography, drug discovery, and monetary modeling. Nonetheless, at the moment’s actuality examine is a warning for meme shares.

This text was written by Adam Button at www.ubaidahsan.com.



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