reposting my response to stock trade.
Quantum Computing Stocks Fall
Quantum stocks, including D-Wave, Quantum Computing, IonQ, and Rigetti Computing, experienced a decline in their stock prices. Quantum Computing saw the biggest decline, falling 8.9%, followed by IonQ (-3.3%), Rigetti Computing (-7.3%), and D-Wave Quantum (-6.5%). This decline comes after the stocks rallied earlier in the week due to Microsoft's "Quantum Ready" initiative. The stocks are known for their volatility and had previously seen double-digit percentage decreases after comments from Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. Rigetti Computing, in particular, had a significant increase in stock price but has fallen more than 45% since then. Despite the recent decline, analysts urge patience and highlight the long-term potential of quantum computing companies. D-Wave and IonQ CEOs emphasize that their quantum systems are already being used by customers. Other tech giants, such as Alphabet and IBM, are also investing in quantum research and development.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments