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Nvidia CEO Sends Quantum Stocks Lower: Poll Finds Over 50% Pick Rigetti Or Skip For 2025
Benzinga· 2025-01-08 16:20
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Besra Gold Announces Quantum Metal Sdn Bhd Wind-Up Petition To Be Withdrawn
Newsfile· 2025-01-08 15:18
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 ...
Quantum stocks like Rigetti plunge after Nvidia's Huang says the computers are 15-to-30 years away
CNBC· 2025-01-08 12:45
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 ...
Quantum Computing, Inc. Announces Private Placement of Common Stock for Proceeds of $100 Million
Prnewswire· 2025-01-08 04:50
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 Stocks Dive After Nvidia CEO Says Tech 15-30 Years Away
Investor's Business Daily· 2025-01-08 02:19
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]
Ride the Quantum Computing Wave with These 2 Stocks: RGTI, QBTS
ZACKS· 2025-01-08 00:16
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]
Quantum-Si's 327% Rally In Six Months: Is Nvidia The Catalyst For More Gains?
Benzinga· 2025-01-07 14:30
Quantum-Si Inc. QSI is stealing the biotech spotlight with a jaw-dropping 327% surge over the past six months. The proteomics pioneer's stock now sits at $4.10, boasting a strong bullish trend and catching investors' attention. But what's behind this meteoric rise, and can it sustain the momentum?Quantum-Si Stock: The Bullish BreakdownFrom a technical perspective, Quantum-Si stock is radiating bullish signals having recently made a Golden Cross. Chart created using Benzinga ProQSI stock is comfortably above ...
Quantum Computing, Inc. Secures Third and Fourth Purchase Orders for TFLN Photonic Chip Foundry, Concluding 2024 Pilot Launch Program
Prnewswire· 2025-01-07 13:30
HOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the receipt of its third and fourth purchase orders for its thin film lithium niobate (TFLN) photonic chip foundry. The orders, received from a renowned European technical university and a Canadian photonic integrated circuit (PIC) design house, mark a key milestone in the QCi Foundry Pilot Launch Program.The un ...
AI, Quantum, And Robotics in Focus – All Eyes On Nvidia CEO Keynote
Benzinga· 2025-01-06 17:55
To gain an edge, this is what you need to know today.All Eyes On NvidiaAn enlarged chart of NVIDIA Corp NVDA.Note the following:This article is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point.The chart shows that NVDA stock ran up on Friday in advance of the Consumer Electronics Shows (CES).The chart shows that in the early trade NVDA stock is further gaining.The chart shows NVDA stock is at the low band of the resistance zone.CES kicks off with ...
Call Traders Profit on Quantum Computer Stock Surge
Schaeffers Investment Research· 2025-01-06 17:45
RGTI saw more than 3.1 million options exchanged over the last two weeksThe quantum computing sector is one to watch in 2025, and one name stands out as a clear-cut favorite to begin the year. Rigetti Computing Inc (NASDAQ:RGTI) just earned a spot on Schaeffer's Quantitative Analyst Rocky White's list of stocks that drew the most options volume over the last 10 trading days.Per White's data, RGTI saw 2,151,362 calls and 1,034,859 puts traded during the last two weeks. During that period, the most active con ...