Quantum Computing, D-Wave Quantum, and Rigetti Stocks Plunge. Blame Nvidia's CEO
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Jensen Huang's bearish outlook and the high-level placement of shares caused the popular quantum computing stock Quantum Computing (QUBT.US) to plummet before the market opened.
Quantum Computing announced the issuance of Stocks worth $0.1 billion, with a pre-market stock price dropping significantly by over 20%.
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Express News | Rigetti Computing Falls 10.3%,IONQ Inc Down 9.5%, Quantum Computing Down 14.4%, D-Wave Quantum Down 13.5%, Quantum Corp Down 13.7%
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Nvidia's Jensen Huang Said Something That Has All Quantum Computing Stocks Tumbling: QUBT And RGTI Down 13%, IONQ Down 11%
NVIDIA (NVDA.US) CEO Jensen Huang admitted that applications still require time, leading to a significant drop in U.S. quantum computing stocks.
Quantum computing related Stocks plummeted in Post-Market Trading on Tuesday.
Express News | Quantum computing stocks drop in extended trade following Nvidia CEO Jensen Huang saying this tech is decades away.