Sales of quantum computing stocks accelerate after Zuckerberg’s comments
Meta CEO Mark Zuckerberg tries on Orion AR glasses during the annual Meta Connect event at the company’s headquarters in Menlo Park, California on September 25, 2024.
Manuel Orbegozo | Reuters
Quantum computing stocks sold off on Monday after Meta Platforms CEO Mark Zuckerberg warned that computers with these capabilities are years away.
“I’m not really an expert on quantum computing, but I understand that it’s still a long way from being a very useful paradigm,” he said during an appearance on Joe Rogan’s podcast on Friday, adding that many people believe the technology is likely to , “ten years plus”.
The comments reinforce a recent comment by Nvidia CEO Jensen Huang, who suggested that PCs are likely. 15-30 years. The news dashed quantum computing stocks, which have been growing rapidly since 2024 following Alphabet’s promising Willow chip announcement.
Righetti shares fall as Zuckerberg says quantum computing is years away
Refuses to count and D-wave quant Each rose more than 32% on Monday, building on last week’s losses. IonQ decreased by about 15%.
Shares of Righetti and D-Wave rose 1,449% and 854% in 2024, respectively, as investors rallied behind the technology as the next big thing after artificial intelligence.
Proponents say that quantum computers will be able to perform more complex computational tasks and process large amounts of data than conventional computers. But there are many investors warned that it could be too soon for real-world use cases.
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