Quantum Computing Stocks Rebound After Major Losses Sparked by Tech CEOs' Skepticism

Stocks rallied slightly following steep declines driven by comments from Meta's Mark Zuckerberg and Nvidia's Jensen Huang, who questioned the near-term practicality of quantum computing.

Quantum computing stocks, including Rigetti, D-Wave, and Quantum Computing Inc., saw sharp declines on Monday, with losses exceeding 25% after comments from major tech CEOs cast doubts on the technology's near-term potential.
Meta CEO Mark Zuckerberg and Nvidia CEO Jensen Huang both suggested that practical quantum computing is likely a decade or more away, with Huang estimating a 15- to 30-year timeline for widespread utility.
D-Wave CEO Alan Baratz refuted the skepticism, asserting that D-Wave's approach has already enabled commercial applications, setting it apart from competitors in the sector.
Stocks partially recovered on Tuesday morning, with Rigetti up by 13%, D-Wave by 9%, and Quantum Computing Inc. by 6%, though IonQ shares continued to decline slightly.
Despite the market volatility, companies like Nvidia and IonQ remain committed to quantum research, with Nvidia investing in quantum talent and IonQ securing a $21.1 million U.S. Air Force contract for quantum network infrastructure.