Quantum Computing, Rigetti, and D-Wave Stocks Fall. It's a Volatile Group. -- Barrons.com
Quantum stocks tumbled on Friday as D-Wave, Quantum Computing, IonQ and Rigetti Computing failed to extend previous gains.Shares of Quantum Computing saw the biggest decline, falling 8.9%. IonQ was down 3.3%, while Rigetti Computing and D-Wave Quantum fell 7.3% and 6.5%, respectively.The same stocks rallied earlier this week after Microsoft unveiled its "Quantum Ready" initiative, a training program meant to familiarize business leaders with quantum systems.The latest decline shouldn't surprise investors because the stocks are usually volatile. They saw double-digit percentage decreases after Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg said last week that " very useful" and " practical" quantum computing would be decades away.Shares of Rigetti Computing climbed from 66 cents in September to a record intraday high of $21.42 on Jan. 8, only to fall more than 45% since then.There are further developments on the horizon, too. IBM has pledged to "demonstrate the first quantum-cent