Zuckerberg Is No "Expert" - But Still Sparks Plunge In Quantum-Computing Stocks
D-Wave, Rigetti Computing and Quantum Computing shares now down by more than half on the year after critical commentary from tech executives. Add Meta Inc. Chief Executive Mark Zuckerberg to the chorus of high-profile names showing skepticism about quantum computing - and raining on a recent investment fad.Shares of D-Wave Quantum Inc. are leading the selloff in quantum stocks Monday, down 32%, while shares of Rigetti Computing Inc. are down 31% and shares of Quantum Computing Inc. are off 26%. All three have shed more than half their value so far this year but are up by multiples over a three-month span.Monday's drops come in the wake of comments from Zuckerberg on the Joe Rogan Experience podcast. While admitting he was "not really an expert on quantum computing," Zuckerberg said he understands the technology is "still quite a ways off from being a very useful paradigm."