Why Quantum Computing Stocks Rigetti Computing, Quantum Computing, and D-Wave Computing All Plunged Today
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Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected.Valuations in the nascent space had been riding high for about a month -- ever since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) unveiled its new Willow quantum computing chip, which achieved benchmarks never reached before, including performing calculations in minutes that would have taken standard supercomputers billions of years.However, a simple comment from Nvidia (NASDAQ: NVDA) CEO Jensen Huang took the air out of the sector, and quantum computing stocks Rigetti Computing (NASDAQ: RGTI), Quantum Computing (NASDAQ: QUBT), and D-Wave Quantum (NYSE: QBTS) all tumbled sharply. At their low points during Wednesday's session, all three were down by about 51%. As of 3 p.m. ET, Rigetti Computing was off by 41%, Quantum Computing was down by about 40%, and D-Wave Quantum was off by about 30%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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