Quantum Computing Stocks Rally After a Plunge; Rigetti Computing Surges 23%
Quantum computing stocks rallied in morning trading on Tuesday after a plunge on Monday. Rigetti Computing rose 23%; Quantum Computing rose 17%; D-Wave Quantum rose 15%; Arqit Quantum rose 14%; Quantum Corp rose 12%; SEALSQ Corp rose 8%; IONQ Inc. rose 3%; MicroCloud Hologram rose 2%.
Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away.
“I’m not really an expert on quantum computing, but my understanding is that’s still quite a ways off from being a very useful paradigm,” he said during an appearance on Joe Rogan’s podcast published Friday, adding that many people think the technology is likely a “decade plus out.”
The comments reinforce recent commentary from Nvidia CEO Jensen Huang that suggested that the computers are likely 15 to 30 years away. The news battered quantum computing stocks that have sold off following a booming 2024 on the heels of Alphabet’s promising Willow chip announcement.
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