Nvidia CEO Says quantum computers 15-30 Years Away. QC stocks collapse.

[Text Drivers are Killers]

The whole tech sector has been on a sugar high for two years. NVDA is at 140 but should be at 35.

jan 8 2025 Quantum computing stocks plunged Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the technology won't be "very useful" for 15-30 years. "If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it's probably on the late side," Huang Tuesday night said in a Q&A session during Nvidia's analyst day event. "If you picked 20, I think a whole bunch of us would believe it."

Quantum computing stocks have skyrocketed since Google parent Alphabet (GOOGL) announced a chip breakthrough in early December. Several have triple-digit or even quadruple-digit percentage gains over the past year.

IonQ stock dived 45.5% Wednesday . Rigetti stock crashed 49% and Quantum Computing plunged 45%. D-Wave Quantum stock lost 49%.

https://www.investors.com/news/technology/quantum-computing-stocks-dive-after-nvidia-ceo-says-tech-15-30-years-away/?src=A00220

 

[moon]

Suppose that Q-comps make mistakes. Who would know ?

 

[Text Drivers are Killers]

Quantum computing is another pump and dump scam. They did it with 3D printing 15 years ago.