Nvidia CEO Casts Doubt on Imminent Quantum Computing Breakthrough, Sending Stocks Plunging
Shares of IonQ and other quantum computing companies plummeted on Wednesday after Nvidia CEO Jensen Huang stated that truly 'useful' quantum computers are likely still two decades away. This announcement dampened recent excitement surrounding the field, following a significant breakthrough by Alphabet last month. Stocks like Quantum Computing Inc., D-Wave, and Rigetti saw drops exceeding 30%, highlighting the market's sensitivity to the timeline of quantum computing's practical applications.
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