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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.
Express News | CEO of a USA quantum computing company: Jensen Huang's view on quantum computing is "completely wrong".
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.
Trending Stocks Today | Alternus Clean Energy Surges 33.97% Post-Market
January 8th - US stocks trending post-market.Gainers: $Alternus Clean Energy(ALCE.US)$ surges 33.97% to $0.87 with a turnover of $6.8 million. $ScanTech AI Systems(STAI.US)$ shoots up 28.44% to $2.8
US stock market Quantum Computing concept stocks plummeted across the board: WiMi Hologram Cloud fell by 26%.
On January 8, according to Gelonghui, quantum computing concept stocks in the U.S. stock market plunged overall. SEALSQ Corp fell by 40%, Rigetti Computing, D-Wave Quantum, Quantum Computing, lonQ Inc, Arqit Quantum, and Quantum all dropped over 30%, WiMi Hologram Cloud dropped by 26%, and MicroCloud Hologram fell over 15%. In news, NVIDIA CEO Jensen Huang previously pointed out that practical applications of quantum computers are at least 15 years away.
US stocks movement | MicroCloud Hologram fell by 22.96%, making it the biggest decline among Chinese concept stocks.
On January 8, according to Gelonghui, the five Chinese concept stocks with the largest closing declines are: MicroCloud Hologram down 22.96%, Kuke Music down 22.39%, E-Home Household Service down 17.25%, Wang & Lee Group down 15.83%, and Pop Culture down 15.79%. (Gelonghui)