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

  • Quantum computing stocks fell sharply on Wednesday after Nvidia CEO Jensen Huang stated that practical use of the technology is likely 15 to 30 years away.
  • Rigetti Computing and quantum computing shares dropped more than 17 percent, while IonQ and D-Wave Quantum fell 9.4 percent and 14 percent, respectively.
  • Despite projected growth of the U.S. quantum computing market from $138.2 million in 2022 to $1.2 billion by 2030, practical applications remain distant.
  • Jim Cramer noted that long development timelines and current market valuations are raising concerns for investors.
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Good morning! Blood red for quantum computer companies on the stock market, Apple poodles, and the data for AI training may have run out.

·Stockholm, Sweden
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Portfolio.hu broke the news in on Wednesday, January 8, 2025.
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