Why Shares of Quantum Computing Stocks D-Wave Quantum, Quantum Computing, and Rigetti Computing Were Plunging Again Today

Shares of quantum computing stocks like D-Wave Quantum (NYSE: QBTS), Quantum Computing (NASDAQ: QUBT), and Rigetti Computing (NASDAQ: RGTI) were tumbling again on Monday for the second time in just three sessions after Meta Platforms CEO Mark Zuckerberg added his name to the growing chorus of skeptics on the new technology.Last Wednesday, quantum stocks plunged more than 40% after Nvidia CEO Jensen Huang said at CES that quantum computing technology was 15 to 30 years away from being "very useful."Zuckerberg appeared to express similar skepticism in an interview over the weekend with Joe Rogan. Additionally, tech stocks fell broadly today in what seemed to be risk-off behavior, as bets on Federal Reserve rate cuts this year declined after a strong jobs report last Friday. That movement also likely weighed on quantum stocks, as all three companies are unprofitable and have minimal revenue.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool