Meta CEO Mark Zuckerberg's recent comments on the podcast of Joe Rogan, stating that quantum computing is still years away from being widely useful, have triggered a sell-off in quantum computing stocks. Zuckerberg's perspective echoes earlier sentiments from Nvidia CEO Jensen Huang who predicted a 15 to 30 year timeframe for mainstream adoption. This news comes after a remarkable 2024 for quantum computing stocks, driven by Alphabet's promising Willow chip announcement. While proponents tout the potential of quantum computers to handle complex computations and process vast amounts of data, Zuckerberg's cautionary remarks have fueled investor uncertainty.
Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away.
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25, 2024.Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away.
Shares of Rigetti and D-Wave rallied 1,449% and 854%, respectively, in 2024 as investors rallied behind the technology as the next big thing since artificial intelligence .
QUANTUM COMPUTING STOCK MARKET META MARK ZUCKERBERG INVESTOR SENTIMENT
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest tech CEO to temper sector enthusiasmQuantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that quantum computing uses remain years away.
Read more »
Quantum Computing CEO Calls Nvidia CEO 'Dead Wrong' After Market DropFollowing Nvidia CEO Jensen Huang's statement that quantum computers are decades away, D-Wave Quantum CEO Alan Baratz refuted Huang's claims and highlighted his company's current commercial success in the quantum computing field.
Read more »
D-Wave CEO Calls Nvidia's Quantum Computing Timeline 'Dead Wrong'Shares of D-Wave Quantum and its peers tumbled after Nvidia CEO Jensen Huang stated that quantum computers are decades away. D-Wave CEO Alan Baratz countered Huang's assertion, emphasizing that D-Wave has existing paying clients and its annealing approach to quantum computing is commercially viable today.
Read more »
D-Wave CEO Calls Nvidia's Quantum Computing Outlook 'Dead Wrong'D-Wave CEO Alan Baratz refutes Nvidia CEO Jensen Huang's claim that quantum computers are decades away, stating that his company has commercial clients utilizing quantum computing today.
Read more »
D-Wave CEO Counters Nvidia's Quantum Computing TimelineD-Wave CEO Alan Baratz refutes Nvidia CEO Jensen Huang's claim that quantum computers are decades away, stating that D-Wave is already commercially operational with paying clients.
Read more »
D-Wave CEO Says Nvidia's Quantum Computing Timeframe Is 'Dead Wrong'Shares of D-Wave Quantum and its peers dropped after Nvidia CEO Jensen Huang stated that quantum computers are decades away. D-Wave CEO Alan Baratz countered Huang's assertion, claiming that quantum computing is commercially viable today with paying clients.
Read more »