Nvidia CEO's one sentence wiped out $8 bn in market cap of quantum computing cos
Nvidia CEO Jensen Huang's remarks about the long timeline for quantum computing's commercial viability led to an $8 billion selloff in the sector. Major quantum firms like IonQ and Rigetti Computing saw their shares plunge over 40%. D-Wave CEO Alan Baratz countered, asserting that their technology is already in commercial use.
Nvidia CEO Jensen Huang's remarks about the long timeline for quantum computing's commercial viability led to an $8 billion selloff in the sector. Major quantum firms like IonQ and Rigetti Computing saw their shares plunge over 40%. D-Wave CEO Alan Baratz countered, asserting that their technology is already in commercial use.
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