Connect with us

Hi, what are you looking for?

Stock

Quantum computing stocks slide as Meta’s Zuckerberg expresses doubts over outlook

Investing.com– Quantum (NASDAQ:QMCO) computing stocks slid on Monday and steadied in aftermarket trade as Meta (NASDAQ:META) CEO Mark Zuckerberg joined Nvidia’s Jensen Huang in questioning just how soon the technology could be viable.

Shares of Quantum Computing Inc (NASDAQ:QUBT), Rigetti Computing Inc (NASDAQ:RGTI) Computing Inc (NASDAQ:RGTI), QuantumSi Inc (NASDAQ:QSI), IONQ Inc (NYSE:IONQ), and D Wave Quantum Inc (NYSE:QBTS) rose marginally in aftermarket trade after tumbling between 13% and 34% during Monday’s session.

The sector saw extended losses after Zuckerberg, speaking on the Joe Rogan Show podcast, said quantum computing was at least over a decade away from becoming useful.

Zuckerberg’s comments followed similar comments from NVIDIA Corporation (NASDAQ:NVDA) CEO Huang, who said the technology was at least 15 years away from being viable. His comments also triggered steep losses in quantum stocks last week.

Quantum computing technology- which manipulates quantum phenomena to carry out complex computational tasks- came into increased focus over the past month, after Google (NASDAQ:GOOGL) claimed to have made a major breakthrough in the technology. This spurred heightened bets that breakthroughs in quantum computing could severely disrupt the computer industry and spark a new wave of growth in technology investment.

But Google had also warned that despite the breakthrough, the technology was nowhere close to being commercially viable.

This post appeared first on investing.com

    You May Also Like

    Latest News

    A group of more than 60 former Democratic and Republican attorneys general sent a new letter to Senate leaders Thursday urging the confirmation of...

    Stock

    Investing.com — RBC Capital Markets in a note dated Thursday has downgraded Swatch Group (SIX:UHR) to an “underperform” rating, citing structural and cyclical challenges...

    Stock

    By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately...

    Stock

    Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies announced in...



    Disclaimer: Techreportdiversity.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Techreportdiversity.com