NVDA
NVIDIA
-- 140.110 RGTI
Rigetti Computing
-- 10.0400 TSLA
Tesla
-- 394.940 IONQ
IonQ Inc
-- 30.250 AMD
Advanced Micro Devices
-- 121.840 
Rigetti Joins Nvidia, Tesla. AMD in Most Active Options as Quantum Stocks Plunge
$Rigetti Computing (RGTI.US)$ joined $NVIDIA (NVDA.US)$, $Tesla (TSLA.US)$ and $Advanced Micro Devices (AMD.US)$ in the list of the most active stock options as quantum computing stocks plunge.
Shares of Rigetti, $IonQ Inc (IONQ.US)$ and $Quantum Computing (QUBT.US)$ sank more than 45% after Nvidia Chief Executive Officer Jensen Huang said the world is between 15 to 30 years away from building useful quantum computers.
Huang's comments at CES Financial Analyst Q&A Wednesday gave investors a reality check about quantum computing stocks that have been burning cash. In the three that ended Sept. 30, the company reported a loss of $14.8 million or 8 cents a share.
More than 518,400 Rigetti options changed hands as of 11:59 p.m., almost double the 20-day average volume. Put options that give the holders the right to sell shares at $10 each in two days attracted the heaviest trading as the share slump boosted demand for contracts that could protect against further declines.
Tuesday's slump came after the stock's 1,449% climb in 2024. The stock that has been languishing below $2 for much of last year, got a boost in December after $Alphabet-A (GOOGL.US)$ said its quantum computer solved in just five minutes a problem that would take supercomputers around 10 septillion years. That spurred investor enthusiasm over quantum computing stocks, igniting the rally that sent Rigetti shares to an intraday record high of $21.42 on Jan. 6.
"if you kind of said 15 years for very useful quantum computers, that would probably be on the early side, Huang said. "If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it."
IonQ options volume also soared, landing the company in the seventh slot for the most active stock options. More than 312,000 contracts changed hands so far, more than triple their 20-day average, according to data compiled by Bloomberg.
Quantum Computing was just a step below $MicroStrategy (MSTR.US)$ in the options ranking, with 211,380 contracts changing hands, compared with the average of 122,588.
Share your thoughts on Rigetti and other quantum computing stocks in the comments section. Are you ready to wait another 20 years to see significant progress in the quantum computing industry, or at you looking for growth elsewhere? Let your voice be heard by voting below.
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Luzi Ann Santos
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Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Kiki Fortunat Nkulu : I had RGTI at its lowest the evening before Google made the announcement. I sold some to gather profit. I believe it will bounce back but not at level it was. Just like AI was a story of another decade, same for EV and Amazon, so I believe it will be quantum computing. The key here is to hold it. Buy as many as you can and watch them grow.
TanMengYuh Kiki Fortunat Nkulu : Buy at 9.8, should I hold it?
Yuzhen Rogars : I don't know how the future prospects of this Stocks are?
watuzzi : just be cautious. I fact check this one and he got some points. The AI race is closer than quantum computers.