Stock Track | D-Wave Quantum Soars 5.25% After Hours Despite Nvidia CEO's Bearish Comments on Quantum Computing

Stock Track

Jan 09, 2025

D-Wave Quantum Inc. (QBTS) stock surged 5.25% in after-hours trading on Wednesday, rebounding from a 40% drop during the regular session.

The quantum computing company's stock had plummeted earlier in the day after Nvidia CEO Jensen Huang said "very useful" quantum computers are likely 15-30 years away. Huang's comments raised doubts about the near-term prospects of quantum computing and led to a selloff in QBTS and other quantum computing stocks like Quantum Computing Inc. (QUBT), Rigetti Computing (RGTI), and IONQ Inc. (IONQ).

However, D-Wave CEO Alan Baratz provided a contrasting view, stating in a CNBC interview that quantum computing is "far ahead" of traditional computing for simulations. Baratz's comments appear to have fueled the after-hours rebound in QBTS shares, as investors reassessed the company's potential amidst the conflicting outlooks from tech leaders.

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(QBTS) stock surged 5.25% in after-hours trading on Wednesday, rebounding from a 40% drop during the regular session.</p>\n\n<p>The quantum computing company's stock had plummeted earlier in the day after Nvidia CEO Jensen Huang said \"very useful\" quantum computers are likely 15-30 years away. Huang's comments raised doubts about the near-term prospects of quantum computing and led to a selloff in QBTS and other quantum computing stocks like Quantum Computing Inc. (QUBT), Rigetti Computing (RGTI), and IONQ Inc. (IONQ).</p>\n\n<p>However, D-Wave CEO Alan Baratz provided a contrasting view, stating in a CNBC interview that quantum computing is \"far ahead\" of traditional computing for simulations. 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(QBTS) stock surged 5.25% in after-hours trading on Wednesday, rebounding from a 40% drop during the regular session.</p>\n\n<p>The quantum computing company's stock had plummeted earlier in the day after Nvidia CEO Jensen Huang said \"very useful\" quantum computers are likely 15-30 years away. Huang's comments raised doubts about the near-term prospects of quantum computing and led to a selloff in QBTS and other quantum computing stocks like Quantum Computing Inc. (QUBT), Rigetti Computing (RGTI), and IONQ Inc. (IONQ).</p>\n\n<p>However, D-Wave CEO Alan Baratz provided a contrasting view, stating in a CNBC interview that quantum computing is \"far ahead\" of traditional computing for simulations. Baratz's comments appear to have fueled the after-hours rebound in QBTS shares, as investors reassessed the company's potential amidst the conflicting outlooks from tech leaders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QBTS","symbol_name":"D-Wave Quantum Inc.","start_time":0,"source_url":"","article_id":"1141094051","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1141094051","pubTimestamp":1736375256,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"D-Wave Quantum Inc.  stock surged 5.25% in after-hours trading on Wednesday, rebounding from a 40% drop during the regular session.The quantum computing company's stock had plummeted earlier in the day after Nvidia CEO Jensen Huang said \"very useful\" quantum computers are likely 15-30 years away. 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