Interactive Brokers (IBKR) reports that investors have embraced quantum computing stocks including IonQ (NYSE:IONQ), D-Wave Quantum (NYSE:QBTS), and Rigetti Computing (NASDAQ:RGTI). Even with recent steep falls last week, the three companies ascended into the top 25 most active stocks on the platform.
Based on remarks made by Nvidia (NASDAQ:NVDA) CEO Jensen Huang at CES, the recent sell-off reflected statements that downplayed the immediate promise of quantum computing and emphasized that major breakthroughs still ten years away. Though no commercial schedule was given, quantum stocks had earlier surged following Alphabet (GOOGL)'s announcement of their Willow quantum technology.
As IonQ revealed a $1 billion quantum venture with Maryland and B. Riley Securities confirmed Buy ratings for Rigetti and D-Wave, so enhancing investor sentiment with recovery efforts taking center stage.
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