Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected. Valuations in the nascent space had been

Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.

Rigetti Computing, IonQ, and other quantum stocks fell more than 40% after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

Shares of quantum computing company Rigetti Computing (NASDAQ: RGTI) were up a mind-blowing 400.3% during December, according to data provided by S&P Global Market Intelligence. The company updated its roadmap in November,

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

Rigetti stock is up 1,756% in the last year — but 74% overvalued. Investors who did not buy Nvidia stock before GenAI wave, fear missing out on quantum computing.

Rigetti Computing’s shares have surged by over 1,860% in the past six months, thanks to a marketwide uptick in all things quantum. Even so, the company’s quarterly revenue remains modest at $2.4 million in the most recent quarter,

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away.

Quantum computing stocks plummet after Nvidia's CEO suggests useful quantum computers are over a decade away, impacting stocks like Rigetti, Arqit, and IonQ. The bond market sees significant activity, with the 10-year Treasury yield facing resistance at 4.75%, indicating potential volatility ahead.