Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future.
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A day after quantum computing stocks took it on the chin again after Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg cast doubts on the sector’s viability in the near term, they are rising sharply once more.
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Shares of Rigetti Computing ( RGTI, Financial) slumped more than 30% on Monday after Meta Platforms ( META, Financial) CEO Mark Zuckerberg said practical applications of quantum computing are years away. Private equity firms are hoping that Trump 2.0 makes it easier for them access to something they have long wanted: your 401 (k).
Quantum stocks rallied Wednesday, a day after Microsoft called 2025 "the year to become quantum-ready," mitigating a string of recent losses spurred by high-profile bearish comments on the sector.
Shares of Rigetti Computing are trading higher by 24.8% during Tuesday's session. The stock is rebounding after recent remarks by Jensen Huang and Mark Zuckerberg that cast doubt on quantum computing's timeline.
Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg recently poured cold water on some of the hype surrounding quantum computing. However, at least one quantum computing stock remains a ...
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