Bearish surprise! A statement from NVIDIA CEO Jensen Huang triggered a collective drop in USA quantum computing stocks.

NVIDIA CEO Jensen Huang admitted on Tuesday that practical applications of Quantum Computing are still several decades away. After a significant drop on Tuesday, related Concept Stocks saw an even greater decline on Wednesday, with IonQ falling by 39% and Quantum Computing down by 43.34%. Previously, these companies' stock prices had soared due to market expectations for the potential of the related technology, with Quantum Computing increasing by over 1800% in the past 12 months.

wallstreetcn07:18

The CEO of D-Wave Quantum, a quantum computing company whose value soared over eight times last year, counters that Jensen Huang's views on quantum computing are "completely wrong."

The CEO of the USA quantum computing company D-Wave Quantum, Alan Baratz, stated that Jensen Huang's views on quantum computing are "completely wrong." Previously, Jensen Huang's remarks about quantum computing alarmed Wall Street, resulting in a sharp decline in related Stocks, including D-Wave.

Sina Finance1minutes ago

Express News | CEO of a USA quantum computing company: Jensen Huang's view on quantum computing is "completely wrong".

Breakings29minutes ago

Quantum Computing Stocks Slump After Nvidia CEO Sees Use Many Years Away

Seeking AlphaJan 8 20:53

Express News | Quantum Computing concept stocks collectively fell after hours, and NVIDIA CEO Jensen Huang stated that practical applications of quantum computers will take at least 15 years to achieve.

BreakingsJan 8 08:17

Shares of Companies Within the Broader Tech Sector Are Trading Lower Amid Overall Market Weakness Following Recent Economic Data and a Rise in Yields. Also, the Sector May Be Falling in Response to a Recent Pullback in NVIDIA as Investors Evaluate CES...

BenzingaJan 8 04:33