Sunday, January 12, 2025

Nvidia CEO’s one sentence wiped out $8 bn in market cap of quantum computing cos

Thursday, January 9, 2025, 4:37
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Nvidia CEO Jensen Huang’s remarks about the long timeline for quantum computing’s commercial viability led to an $8 billion selloff in the sector. Major quantum firms like IonQ and Rigetti Computing saw their shares plunge over 40%. D-Wave CEO Alan Baratz countered, asserting that their technology is already in commercial use.

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