Shares of Quantum Computing Inc. (QUBT) plummeted 9.21% in after-hours trading on Tuesday, following comments from Nvidia CEO Jensen Huang that raised doubts about the potential of quantum computing technology.
The steep sell-off in QUBT's stock price came after Huang questioned the ability of quantum computers to outperform classical computers in the near future during a keynote address at a technology conference. His remarks sparked concerns among investors about the viability of quantum computing and the prospects of companies like QUBT, which is focused on developing quantum computing systems.
QUBT's after-hours plunge reflects the market's sensitivity to high-profile comments from industry leaders like Huang, whose opinions can significantly influence investor sentiment and trigger volatility in emerging technology sectors such as quantum computing.
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