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RGTI, IONQ, QBTS plunge on Nvidia CEO Huang's comments: should you buy the dip?


Published on 2025-01-08 16:41:08 - MSN
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  • Quantum computing stocks like IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing were each down by more than a whopping 40% after Nvidia chief Jensen Huang's comments that he did not expect quantum computers to be a reality any time soon.

The article discusses the impact of Nvidia CEO Jensen Huang's comments on the quantum computing sector, particularly affecting stocks like Rigetti Computing (RGTI), IonQ (IONQ), and D-Wave Quantum (QBTS). Huang suggested that Nvidia's current technology could potentially handle tasks that quantum computers are expected to excel at, leading to a significant drop in these companies' stock prices. Despite this, the article explores whether investors should consider buying these stocks at their reduced prices. It highlights that while Nvidia's advancements are impressive, quantum computing still holds unique advantages in certain applications, suggesting that the dip might present a buying opportunity for long-term investors who believe in the future of quantum technology. However, it also cautions that the sector remains highly speculative and volatile, advising investors to consider their risk tolerance and investment horizon before making decisions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/rgti-ionq-qbts-plunge-on-nvidia-ceo-huang-s-goomments-should-you-buy-the-dip/ar-AA1xbQE9 ]