Why Nvidia just crushed the quantum computing stock trade
When Nvidia (NVDA) CEO Jensen Huang speaks, best believe investors listen. And traders that have been speculating in the red-hot quantum computing stock space are listening to what Huang just said at CES - and they aren’t liking it one bit. Shares of quantum stocks Rigetti Computing (RGTI), D-Wave Quantum (QBTS), IONQ (IONQ) and Quantum Computing Inc. (QUBT) plunged by double-digit percentages as Huang tamped down expectations on the quantum computing space. “If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30 it’s probably on the late side,” Huang said in a Q&A session with analysts at the closely watched tech conference. It’s no small surprise that quantum stocks are reacting with a sharp sell-off – darlings of the space like Rigetti Computing have surged 1,720% in the past year, according to Yahoo Finance data! Most of those gains came in December 2024 following the release of Alphabet’s new Willow quantum computing chip. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.
