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Quantum computing stocks rebound after massive sell-off as industry exec says opportunity is 'real'

Quantum computing stocks rebounded Tuesday after a massive sell-off fueled by Big Tech CEOs expressing skepticism. The stocks recovered as D-Wave CEO Alan Barrett said quantum computing is "real."

Yahoo Finance 9 hours ago

NVDA

RGTI

RGTIW
Quantum computing applications are 'real today': D-Wave CEO

It's been a tumultuous week for quantum computing companies, to say the least, with several stocks in the landscape — Quantum Computing (QUBT), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), IonQ (IONQ) — selling off following comments made by Nvidia (NVDA) CEO Jensen Huang and Meta Platforms (META) CEO Mark Zuckerberg. Both tech executives share the sentiment that practical applications of quantum computing are years, if not decades, away from practical applications. Major quantum computing stocks are now soaring back to life in Tuesday's session. D-Wave Quantum CEO Alan Baratz sits down with the Morning Brief team to explain why quantum compute capabilities are "real today" and the company's investments in building out its infrastructure. "We have customers that are using our quantum computers today in support of their business operations, and we have demonstrated the ability to solve important problems in the area of material simulation on our quantum computers today in minutes," he tells Seana Smith and Brad Smith, "that it would take well over millions of years to solve on classical computers, including massively parallel GPU systems like what Nvidia builds." Catch up on Yahoo Finance's latest coverage of the quantum computing landscape: Quantum computing stocks fall following Zuckerberg commentsNvidia’s 'AI Godfather' forces a reset on the tech world’s next big bet: Morning BriefWhy Nvidia just crushed the quantum computing stock tradeQuantum computing stocks plunge after Nvidia CEO commentsRigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades awayWhy post-quantum security should be a top priority for DOD To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 14 hours ago

RGTI

RGTIW

QBTS
Eli Lilly misses 2024 revenue numbers, but GLP-1 pill may help

Global pharmaceutical company Eli Lilly's (LLY) preliminary 2024 revenue missed expectations on lower-than-expected sales of its weight loss and diabetes shots. According to the company, sales are expected to hit $45 billion, below analysts' estimated $45.5 billion. Jared Holz, Mizuho's healthcare equity strategist, joins Morning Brief to share his insights, suggesting the market may be overreacting. Regarding Eli Lilly’s position in the pipeline for its next blockbuster drug, Holz notes that "they don't really have an obvious patent situation" like other companies in the pharmaceutical sector. Holz also highlights that Eli Lilly's pipeline, especially in GLP-1 treatments, remains promising for long-term growth. "The GLP-1 class is the most important category by far, and they're going to have oral data for a pill, I think, sometime in the first half of this year [toward] the spring, summer timeframe," he explains. "That could serve as a big catalyst for the stock." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch

Yahoo Finance Video 15 hours ago

LLY

PFE

MRNA
Trump wants to 'save' TikTok. One rescuer could be Elon Musk.

Chinese government officials have reportedly discussed selling TikTok's US operations to Elon Musk. Antitrust experts predict that the owner of X could clear any US legal hurdles if such a deal were to happen.

Yahoo Finance 18 hours ago

TSLA

META
Applied Digital Corp (APLD) Q2 2025 Earnings Call Highlights: Revenue Surge and Strategic ...

Despite a significant net loss, Applied Digital Corp (APLD) reports a 51% revenue increase and announces a transformative partnership with Macquarie Asset Management.

GuruFocus.com 4 minutes ago

APLD
Jonathan Ruffer fails to beat cash after bet on US market crash

UK multimillionaire Jonathan Ruffer has admitted that his eponymous investment boutique has “failed to meet its objectives” for customers for...

PREMIUM
Financial Times 2 hours ago

^GSPC

RUFIF
Watch These Eli Lilly Price Levels as Stock Slumps on Tepid Sales Outlook

Eli Lilly shares could remain under the microscope on Wednesday after falling sharply Tuesday as the pharmaceutical giant lowered its 2024 full-year forecast. Monitor these key price levels.

Investopedia 4 hours ago

LLY
South Korea’s Impeached President Is Arrested Over Martial-Law Move

The development, which followed a failed arrest attempt earlier in January, deepens the fallout from his short-lived declaration of martial law last month.

The Wall Street Journal 4 hours ago

META
Magnificent Seven Stocks: Nvidia, Tesla, Meta Sell Off

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.

Investor's Business Daily 5 hours ago

NVDA

AAPL

TSLA
Nature's Miracle Holding Inc. Announces Receipt of Delisting Notification from Nasdaq

Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that on January 13, 2025, the Company received written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Nasdaq Hearings Panel has determined to delist the Company's common stock and warrants from Nasdaq due to the Company's failure to comply with minimum shareholder's equity requirement under Nasdaq Li

PR Newswire 8 hours ago

NMHI

NMHIW
Wall Street Traders Hold Their Breath Before CPI: Markets Wrap

(Bloomberg) -- Stocks bounced around all day long, with traders unwilling to make any significant bets as they awaited key inflation data for clues on the path of Federal Reserve rates.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesAfter several twists and turns in the run-up to the consumer price index, the S&P 500 finished 0.1% higher. While most of its shares advanced, big

Bloomberg 8 hours ago

^GSPC

^DJI

LLY
S&P 500 Gains and Losses Today: Eli Lilly Stock Falls as Sales Outlook Weakens

The S&P 500 added 0.1% on Tuesday, Jan. 14, as tame wholesale inflation data provided a positive signal ahead of Wednesday's consumer price report.

Investopedia 8 hours ago

^GSPC

LLY

URI
Jim Cramer on Meta Platforms, Inc. (META) Allowing An E-commerce Company’s Listings: ‘A Very Good Move’

We recently published an article titled Jim Cramer Discussed These 21 Stocks As Bond Yields Soared. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other stocks Jim Cramer recently discussed. In a recent episode of CNBC’s Squawk On The Street, Jim Cramer started out by […]

Insider Monkey 8 hours ago

META
TikTok Ban: China Reportedly Mulls Musk As TikTok Buyer. What Would It Cost?

With the TikTok ban looming, Chinese officials are reportedly weighing whether to allow a sale of the app to Elon Musk.

Investor's Business Daily 9 hours ago

GOOG

META

SNAP
Applied Digital Reports Fiscal Second Quarter 2025 Results

DALLAS, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for high-performance computing (“HPC”) applications, cloud services (“Cloud Services”), and data center hosting (“Data Center Hosting”), reported financial results for the fiscal second quarter ended November 30, 2024. The Company also provided an operational update. Fiscal Second Quarter 20

GlobeNewswire 10 hours ago

APLD
AI-Fueled Energy Stock Has This Edge Over The Nvidias Of The World

While Nvidia loses support in a risky late-stage base, Baker Hughes stock taps strong growth and AI to drill toward a breakout.

Investor's Business Daily 10 hours ago

AVGO

DTM

NVDA
Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System

Safeguarding Advanced Powertrain Technology and Boaters' Data from Third-Party Substitution MONTREAL, QC / ACCESSWIRE / January 14, 2025 / Vision Marine Technologies Inc. (the "Company," "Vision Marine," "we," "us," "our") (Nasdaq:VMAR) is pleased ...

ACCESSWIRE 10 hours ago

VMAR
WiMi Develops a Hybrid CPU-FPGA Quantum AI Simulator

WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced the development of a hybrid CPU-FPGA quantum AI simulator. The development of the quantum AI simulator aims to simulate the behavior of quantum computers, enabling testing and optimization of quantum algorithms on existing classical computers. Traditional simulators are often limited by the computational power of the CPU, making it difficult t

PR Newswire 10 hours ago

WIMI
Meta Stock Bullish Butterfly: A $2,200 Potential Payoff Comes With Just $300 Risk

This option trade lets you go bullish on Meta with low risk but a high reward if the stock nails the target.

Investor's Business Daily 10 hours ago

META
Jim Cramer on Novo Nordisk A/S (NVO): ‘That’s Denmark’s Jugular’

We recently published an article titled Jim Cramer Discussed These 21 Stocks As Bond Yields Soared. In this article, we are going to take a look at where Novo Nordisk A/S (NYSE:NVO) stands against the other stocks Jim Cramer recently discussed. In a recent episode of CNBC’s Squawk On The Street, Jim Cramer started out by […]

Insider Monkey 10 hours ago

NVO

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1-Year	-5.03%	+7.56%
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Related News

Quantum computing stocks rebound after massive sell-off as industry exec says opportunity is 'real'

Quantum computing applications are 'real today': D-Wave CEO

Eli Lilly misses 2024 revenue numbers, but GLP-1 pill may help

Trump wants to 'save' TikTok. One rescuer could be Elon Musk.

Applied Digital Corp (APLD) Q2 2025 Earnings Call Highlights: Revenue Surge and Strategic ...

Jonathan Ruffer fails to beat cash after bet on US market crash

Watch These Eli Lilly Price Levels as Stock Slumps on Tepid Sales Outlook

South Korea’s Impeached President Is Arrested Over Martial-Law Move

Magnificent Seven Stocks: Nvidia, Tesla, Meta Sell Off

Nature's Miracle Holding Inc. Announces Receipt of Delisting Notification from Nasdaq

Wall Street Traders Hold Their Breath Before CPI: Markets Wrap

S&P 500 Gains and Losses Today: Eli Lilly Stock Falls as Sales Outlook Weakens

Jim Cramer on Meta Platforms, Inc. (META) Allowing An E-commerce Company’s Listings: ‘A Very Good Move’

TikTok Ban: China Reportedly Mulls Musk As TikTok Buyer. What Would It Cost?

Applied Digital Reports Fiscal Second Quarter 2025 Results

AI-Fueled Energy Stock Has This Edge Over The Nvidias Of The World

Vision Marine Technologies Files Patent Application for Proprietary Battery Encryption System

WiMi Develops a Hybrid CPU-FPGA Quantum AI Simulator

Meta Stock Bullish Butterfly: A $2,200 Potential Payoff Comes With Just $300 Risk

Jim Cramer on Novo Nordisk A/S (NVO): ‘That’s Denmark’s Jugular’

Performance Overview