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.