Nvidia CEO's comments cause downturn in quantum computing stocks, indicating bubble

From Nasdaq: 2025-01-09 06:50:00

Quantum computing is a cutting-edge technology that offers the potential to solve computational problems that are impossible for traditional supercomputers. Quantum computers use qubits, which can perform calculations exponentially faster than traditional bits. Companies like IonQ and Rigetti Computing have seen their stocks surge due to optimism surrounding quantum computing technology. However, Nvidia CEO Jensen Huang’s comments have caused a downturn in quantum computing stocks, indicating a bubble in the market. Progress in quantum computing is still experimental, with useful quantum computers likely decades away. Investors should be cautious about investing in pure-play quantum computing stocks and consider established companies like IBM and Alphabet instead. The Motley Fool Stock Advisor team has identified 10 best stocks to buy now, excluding IonQ, which could offer significant returns in the future. Make informed investment decisions and consider the risks involved in quantum computing stocks.



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