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

Quantum computing stocks slide as Meta’s Zuckerberg expresses doubts over outlook

by January 14, 2025
written by January 14, 2025

Investing.com– Quantum (NASDAQ:QMCO) computing stocks slid on Monday and steadied in aftermarket trade as Meta (NASDAQ:META) CEO Mark Zuckerberg joined Nvidia’s Jensen Huang in questioning just how soon the technology could be viable.

Shares of Quantum Computing Inc (NASDAQ:QUBT), Rigetti Computing Inc (NASDAQ:RGTI) Computing Inc (NASDAQ:RGTI), QuantumSi Inc (NASDAQ:QSI), IONQ Inc (NYSE:IONQ), and D Wave Quantum Inc (NYSE:QBTS) rose marginally in aftermarket trade after tumbling between 13% and 34% during Monday’s session. 

The sector saw extended losses after Zuckerberg, speaking on the Joe Rogan Show podcast, said quantum computing was at least over a decade away from becoming useful. 

Zuckerberg’s comments followed similar comments from NVIDIA Corporation (NASDAQ:NVDA) CEO Huang, who said the technology was at least 15 years away from being viable. His comments also triggered steep losses in quantum stocks last week.

Quantum computing technology- which manipulates quantum phenomena to carry out complex computational tasks- came into increased focus over the past month, after Google (NASDAQ:GOOGL) claimed to have made a major breakthrough in the technology. This spurred heightened bets that breakthroughs in quantum computing could severely disrupt the computer industry and spark a new wave of growth in technology investment. 

But Google had also warned that despite the breakthrough, the technology was nowhere close to being commercially viable. 

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

previous post
Dollar clings to 2-year high as US rates, tariffs in focus
next post
Hyundai, Stellantis, Delta each donating $1 million to Trump inaugural fund

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
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

      October 24, 2025
    • X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

      October 24, 2025
    • Travis Kelce part of investor group aiming to revive struggling Six Flags

      October 24, 2025
    • Trump’s Argentina beef import plan will harm U.S. ranchers, industry warns

      October 23, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (659)
    • Stock (6,426)

    Latest News

    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
    • X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

    Popular News

    • Israel stocks higher at close of trade; TA 35 up 0.35%
    • German engineering body sees fall in 2025 production, flags risk of job cuts

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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