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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Total News Sources0
Leaning Left8Leaning Right4Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 31%
C 54%
15%
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