Shares of Quantum Computing Inc. (QUBT -43.34%) soared 1,713% last year, according to data from S&P Global Market Intelligence. As the name suggests, this is a quantum computing start-up that has benefited from the major run in this industry niche in the latter half of 2024. With the artificial intelligence (AI) bull market in full swing and recent quantum computing breakthroughs putting the technology in the limelight, investors have been all over Quantum Computing Inc. in recent months.Here's why the stoc ...

Nvidia CEO Jensen Huang poured cold water on the quantum computing revolution.Quantum computing stocks have been on fire over the past few months, but that all changed on Wednesday after Nvidia (NVDA -0.02%) CEO Jensen Huang said it will be 15 to 30 years before quantum computing is "very useful." In the video below, Travis Hoium shows why the drop in stocks may continue.*Stock prices used were end-of-day prices of Jan. 8, 2025. The video was published on Jan. 8, 2025. ...

Of all the futuristic technologies being explored by big technology companies and start-ups, quantum computing is one of the most exciting. There are some types of computational problems that are simply impossible for even the world's most powerful supercomputer to solve. If you could pool all the traditional computing power in use today around the world, some of these calculations would take billions, trillions, or quadrillions of years to complete.Quantum computing offers a potential solution. The qubits ...

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 ...