{"id":61678,"date":"2025-01-10T14:24:28","date_gmt":"2025-01-10T19:24:28","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=61678"},"modified":"2025-01-10T14:24:28","modified_gmt":"2025-01-10T19:24:28","slug":"stock-market-news-quantum-computing-stock-falls-amid-nvidia-ceos-quantum-tech-predictions","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/stock-market-news-quantum-computing-stock-falls-amid-nvidia-ceos-quantum-tech-predictions\/61678\/","title":{"rendered":"Stock market news: Quantum Computing stock falls amid Nvidia CEO\u2019s Quantum tech predictions"},"content":{"rendered":"<p>Quantum Computing Inc. (QUBT) saw a significant decline of <strong>-8.38%<\/strong> on Friday, January 10, 2025, as of 2:21 PM, trading at <strong>$9.08<\/strong> per share. This drop follows comments made by Nvidia CEO Jensen Huang, who predicted that quantum computing will not be truly viable for another 20 years. Huang\u2019s statement caused widespread concern in the quantum computing sector, leading stocks like QUBT, along with others such as Rigetti Computing and D-Wave Quantum, to plunge by over 40%, collectively losing more than $8 billion in market value.<\/p>\n<p>Huang\u2019s remarks, made earlier this week, suggested that quantum computing\u2019s usefulness may still be two decades away, despite recent advancements in the field. While there has been notable progress, such as D-Wave quantum computers cracking military-grade encryption and Google\u2019s Willow chip breaking records, Huang\u2019s statement has fueled skepticism about the near-term potential of quantum technology.<\/p>\n<p>Despite the progress being made in quantum computing, including breakthroughs in solving complex computational tasks, experts like Ivana Delevska from Spear Invest agree with Huang\u2019s cautious timeline, highlighting that similar advancements in computing took decades to develop.<\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only and does not provide financial or investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quantum Computing Inc. (QUBT) saw a significant decline of -8.38% on Friday, January 10, 2025, as of 2:21 PM, trading\u2026<\/p>\n","protected":false},"author":434,"featured_media":59197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[22334,3934,24270,6884,24269,24268,1617,22540],"class_list":["post-61678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-financial-news","tag-nvidia","tag-nvidia-ceo","tag-quantum-computing","tag-quantum-tech","tag-qubt","tag-stock-market","tag-tech-stocks"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=61678"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/59197"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=61678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=61678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=61678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}