Nvidia's Jensen Huang Said Something That Has All Quantum Computing Stocks Tumbling: QUBT And RGTI Down 13%, IONQ Down 11%

Quick Summary:

Quantum computing stocks faced a sharp decline following remarks from Jensen Huang, CEO of Nvidia Corp.(NASDAQ:NVDA).

What Happened: Huang highlighted that while quantum computing is effective for small data and big compute tasks, it struggles with large data due to its microwave-based communication.

During Nvidia’s analyst day, Huang expressed optimism about quantum computing’s future but warned that practical applications might be 15 to 30 years away.

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Article Details

Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United States

Topics: IONQ General Stories That Matter Tech Markets US67066G1040 Pooja Rajkumari Benzinga Equities NVDA News Jensen Huang QBTS QUBT Quantum Computing RGTI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 07:50:43 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 396 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24971431

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