• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Quantum computing stocks: Future remains uncertain

by January 14, 2025
written by January 14, 2025

Investing.com — Quantum computing stocks have recently faced a drastic fall in valuations. This comes following comments from Nvidia Corp . (NASDAQ:NVDA)’s CEO last week, indicating that viable applications for the technology are likely more than ten years away.

This statement has led to a reassessment of the sector’s value, with some stocks losing over half their worth in recent trading days. Companies such as D-Wave Quantum Inc., Quantum Computing Inc., IONQ, and Rigetti Computing Inc (NASDAQ:RGTI). have all seen significant declines recently.

Still, the sentiment has improved a bit with these names trading higher in pre-market trade on Tuesday.

These companies, along with others in the sector, had seen their stock prices skyrocket in 2024, with some increasing by more than 1,000%.

The appeal of quantum computing lies in its potential to revolutionize a multitude of industries. Quantum computers possess processing power millions of times greater than traditional computers, which could lead to significant advances in areas such as drug discovery, advanced material design, and encryption.

However, the recent comments from Nvidia’s Jensen Huang have highlighted a significant issue with these stocks. Despite the potential future impact of the technology, it is unlikely these companies will see substantial profits from it in the near term. This sentiment is echoed by Alphabet (NASDAQ:GOOGL) Inc., which, despite making a quantum computing breakthrough in December, acknowledged that the technology currently has no practical applications.

The quantum computing craze has also impacted companies based on their names alone. Quantum Corp (NASDAQ:QMCO)., a data management company, saw its stock price rise more than 670% in 2024, only to fall over 60% so far in 2025. Similarly, Quantum-Si Inc., a life sciences company developing protein sequencing platforms, nearly quadrupled in the last two months of 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
B. Riley stock surges pre-open on delayed filing update
next post
Google under investigation by UK antitrust officials over search services

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Thomson Reuters shares surge 21% as Q3 earnings top estimates, guidance raised
    • Investment firm Stonepeak to buy Air Transport Services Group in $3.1 billion deal

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy