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Quantum computing stocks showed slight recovery in aftermarket trading Monday, following significant declines during the session. Shares of Quantum Computing Inc, Rigetti Computing Inc, QuantumSi Inc, IONQ Inc, and D-Wave Quantum Inc fell between 13% and 34% before gaining marginally in late trading.
The sell-off was triggered by comments from Meta CEO Mark Zuckerberg, who stated on the Joe Rogan Experience podcast that quantum computing remains over a decade away from practical application. His remarks echoed Nvidia CEO Jensen Huang, who recently suggested the technology could take at least 15 years to become viable. Huang’s comments last week had already spurred sharp declines in quantum stocks.
Quantum computing, which leverages quantum phenomena to perform highly complex computations, gained investor attention after Google announced a significant breakthrough in the field. The news sparked optimism about the potential of quantum technology to revolutionize industries and drive new waves of tech investment. However, Google cautioned that the technology is far from being commercially viable, tempering market expectations.
Despite short-term setbacks, quantum computing remains a focal point for innovation, with potential to transform sectors like cryptography, AI, and logistics. For now, investor sentiment hinges on realistic timelines for the technology’s maturity, as highlighted by leading industry voices.
As market volatility continues, quantum stocks are likely to reflect broader uncertainty surrounding the technology's future.
