Quantum Computing Stocks Tumble Following Nvidia CEO's Cautious Outlook

Rigetti Computing's stock drops nearly 50% as investors recalibrate expectations for quantum computing's commercial timeline.

Nvidia CEO Jensen Huang projected that practical quantum computing applications are 15 to 30 years away, prompting a sell-off in quantum computing stocks.
Rigetti Computing's stock fell 48.25% this week, reflecting concerns about speculative valuations and long-term commercialization challenges.
Despite the recent decline, Rigetti's stock remains up 781% year-over-year, highlighting the speculative fervor surrounding the quantum sector.
Quantum computing companies, including Rigetti, face high operational costs and limited near-term revenue amid ongoing research and development efforts.
The broader quantum computing market is expected to generate significant economic value by 2035, but technical and practical hurdles remain substantial.