Quantum Computing Stocks Collapse: Here's Why
Quantum computing was one of the hot trends of the past few months as stocks have doubled or more following 's (NASDAQ: GOOG) Willow announcement. Investors looking for any way to play the quantum computing space have pushed microcap stocks into the stratosphere.
Then NVIDIA (NASDAQ: NVDA) CEO Jensen Huang, who is revered in the tech industry, had some dismissive comments about the industry. That sent shares sharply lower. According to data provided by S&P Global Market Intelligence, IonQ (NYSE: IONQ) plunged 32.3% this week, Quantum Computing (NASDAQ: QUBT) was down 48.7%, and D-Wave Quantum (NYSE: QBTS) was down 36.9%.
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Source Fool.com
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