Quantum computing stocks drop significantly after Nvidia event, D-Wave down 19%

From Dow Jones & Company: 2025-03-20 15:47:00

Nvidia’s Quantum Day showcased quantum computing companies, but lacked major announcements. Investors used the event to sell stocks. D-Wave dropped 19% to $8.61, while Rigetti Computing and IonQ fell 9.6% and 9.7%. Executives from all three companies joined Nvidia CEO Jensen Huang on a panel.

D-Wave saw a significant drop following Quantum Day, despite recent successes. The company claimed quantum supremacy last week and received analyst support after a strong earnings report. Investors reacted by selling off shares, causing a 19% decline to $8.61. Rigetti Computing and IonQ also experienced losses at 9.6% and 9.7%, respectively.

Read more: Quantum Stocks Down Hard as Nvidia Event Wraps Up