Jensen Huang just spoiled the quantum computing party.Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected.Valuations in the nascent space had been riding high for about a month -- ever since Alphabet (GOOG -0.95%) (GOOGL -1.02%) unveiled its new Willow quantum computing chip, which achieved benchmarks never reached before, including performing calculations in minutes that would have taken standard supercomputers billions of ...

Industry Overview - Quantum computing stocks, including Rigetti Computing (RGTI), D-Wave Quantum (QBTS), IonQ (IONQ), and Quantum Computing (QUBT), experienced sharp declines following comments from Nvidia (NVDA) CEO Jensen Huang, who stated that "very useful quantum computers" are likely 15 to 30 years away [1][2][4] - The Defiance Quantum (QTUM) ETF, which includes these companies along with other chip and tech firms like Nvidia, fell by 4.5% [2] Stock Performance - Rigetti Computing (RGTI) declined by 48.82%, with a trading volume of 34.35K [6] - D-Wave Quantum (QBTS) dropped by 38.98% [6] - IonQ (IONQ) fell by 42.37% [6] - Quantum Computing (QUBT) decreased by 42.47% [6] CEO Comments - Nvidia CEO Jensen Huang emphasized that quantum computing technology is still in its early stages, estimating that "very useful quantum computers" could take 15 to 30 years to develop [2][4] - Huang highlighted Nvidia's role as an ideal partner for quantum computing companies, noting that classical computers, like those Nvidia produces, are essential for error correction in quantum systems [2] Recent Developments - The quantum computing sector had a strong end to 2024, driven by Alphabet's (GOOGL) announcement of a breakthrough quantum computing chip called Willow [3]

Quantum computing stocks were all the rage at the end of 2024, but just one week into January they're taking a turn. Shares of D-Wave Quantum Inc (NYSE:QBTS) and IONQ Inc (NYSE:IONQ) are plummeting along with the rest of the sector today, after Nvidia (NVDA) CEO Jensen Huang declared that practical use for quantum computers is still 15-30 years away.QBTS is down 45.1% to trade at $5.24 at last glance. The shares are on track for their worst day ever as they continue to distance themselves from their recent ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Quantum computing stocks saw huge interest from investors and Benzinga readers in 2024, with several ranking among the most-searched tickers on Benzinga Pro in 2024.In a recent poll, Benzinga readers picked their favorite quantum computing stock for 2025.What Happened: After a stellar 2024 for quantum computing stocks, 2025 may have different plans, with NVIDIA Corporation CEO Jensen Huang providing caution for the timetable of the technology.While speaking at an investor event Tuesday, Huang cautioned that ...

Besra Gold Announces Quantum Metal Sdn Bhd Wind-Up Petition To Be WithdrawnJanuary 08, 2025 10:18 AM EST | Source: Besra Gold Inc.Melbourne, Victoria, Australia--(Newsfile Corp. - January 8, 2025) - Besra Gold Inc. (ASX: BEZ) (referred to as" Besra or the Company") would like to reference its announcement from 11 November 2024 regarding the petition for winding-up by the High Court of Malaysia (the Petition) of Quantum Metal Sdn Bhd (incorporated in Malaysia) (referred to as QM Malaysia) that ...

Nvidia CEO Jensen Huang speaks with the press during the launch of the supercomputer Gefion at Vilhelm Lauritzen Terminal in Kastrup, Denmark, on Oct. 23, 2024.Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away."If you said 15 years for very useful quantum computers, that would probably be on the early side," he said during Nvidia's analyst day. "If you said 30, it's probably on the late side. But if you picked 20, I think a wh ...

Financing and Capital Raise - Quantum Computing Inc (QCi) has entered into securities purchase agreements with institutional investors for the private placement of 8,163,266 shares of common stock at $12.25 per share, expected to generate gross proceeds of $100 million [1] - The offering is priced at a substantial premium compared to the company's two recent offerings, bringing the total gross capital raised since November to $190 million [3] - The net proceeds will be used for working capital, general corporate purposes, and to advance the development and manufacturing of photonics, thin-film lithium niobate (TFLN), and quantum technologies [2][3] Business and Technology - QCi is an integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines operating at room temperature and low power [6] - The company's portfolio includes core technologies and products with unique capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [6] - QCi aims to capitalize on opportunities in the TFLN photonic chip and quantum computing markets through its multi-year growth plan [3] Transaction Details - The private placement is expected to close on or about January 9, 2025, subject to customary closing conditions [1] - Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering [3] - The securities issued in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [4]

Quantum Computing Industry - Quantum computing stocks IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) experienced significant declines following Nvidia CEO Jensen Huang's comments that quantum computing technology will not be "very useful" for 15-30 years [1] - Jensen Huang stated that a 15-year timeline for useful quantum computers would be on the early side, while 30 years would be on the late side, with 20 years being a more widely accepted estimate [2] - Quantum computing stocks had previously surged after Google parent Alphabet (GOOGL) announced a chip breakthrough in early December [2] Stock Performance - IonQ stock dropped 10.75%, Rigetti stock and Quantum Computing stock fell 12.9%, and D-Wave Quantum stock declined 14.1% following Huang's remarks [3] - Google stock remained relatively unchanged during the same period [3]

Quantum Computing Industry Overview - Quantum computing has emerged as a strong investment theme over the past several months, with the trend expected to continue throughout the year [1] - The excitement in the sector has been driven by Alphabet's announcement of its new quantum computing chip, Willow, which boasts state-of-the-art performance [2] - Quantum computing-related stocks, including Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), have seen significant outperformance over the last three months [1][11] Rigetti Computing (RGTI) - Rigetti is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 [3] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [3] - Rigetti's mission is to build the world's most powerful quantum computers to solve pressing problems in areas such as climate simulation, fusion energy, drug discovery, logistics optimization, and quantitative finance [3] D-Wave Quantum (QBTS) - D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world's first commercial supplier of quantum computers [7] - The company delivers practical quantum applications for diverse problems, including logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling [7] - D-Wave's technology is used by advanced organizations such as Mastercard, Deloitte, and Lockheed Martin [8] Market Performance and Outlook - Quantum computing-related stocks, including RGTI and QBTS, have soared following Alphabet's announcement of its quantum computing chip, Willow [11] - The quantum computing theme is expected to remain strong throughout 2025, driven by continued advancements and investor interest [10]