Quantum computing stocks plummeted after Nvidia CEO's comments, highlighting high risk and minimal commercial applications

From Nasdaq: 2025-01-10 18:15:00

Quantum computing stocks soared after Alphabet’s Willow announcement, but Nvidia CEO’s comments caused a sharp drop. IonQ fell 32.3%, Quantum Computing 48.7%, and D-Wave Quantum 36.9%. IonQ CEO predicts $1 billion revenue by 2030, challenging Huang’s timeline. Despite potential, quantum computing stocks face high risk with minimal commercial applications currently.

Investors should consider the volatile nature of quantum computing stocks, with commercial applications potentially a decade away. Companies like Nvidia and IonQ are investing heavily in the technology, but revenue figures remain low. Analysts issue “Double Down” alerts for potential investment opportunities, highlighting past successes with companies like Nvidia and Apple.



Read more at Nasdaq: Quantum Computing Stocks Collapse: Here’s Why