Stock Track | IONQ Inc. Plunges 8.23% as Nvidia CEO Casts Doubt on Near-Term Quantum Computing Viability
Stock Track01-08
IONQ Inc.'s stock experienced a significant 8.23% plunge in the 24-hour trading session on Tuesday, underperforming the broader market.
The sell-off appears to be driven by cautious comments from Nvidia CEO Jensen Huang regarding the current state of quantum computing technology. Huang expressed skepticism about the industry's ability to deliver commercially viable quantum solutions in the near future, suggesting that truly useful quantum computers may be 15 to 30 years away.
Despite IonQ's recent milestones, such as opening a quantum computing manufacturing facility and securing a major contract with the US Air Force, Huang's remarks seem to have dampened investor sentiment, leading to the substantial decline in IONQ's stock price.
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