After Zuckerberg’s comments, the sale of quantum computing shares accelerated
Meta CEO Mark Zuckerberg tries on Orion AR glasses on Sept. 25, 2024, at the Meta Connect company headquarters in Menlo Park, California.
Manuel Orbegozo | Reuters
Quantum computing shares fell on Monday after MetaPlatform CEO Mark Zuckerberg warned that these powerful computers are still years away.
“I’m not exactly an expert on quantum computing, but my understanding is that it’s still a long way from being a very useful example,” he said during an appearance on Joe Rogan’s podcast published Friday. Maybe “ten years plus.”
The comments reinforce recent comments from Nvidia CEO Jensen Huang, who suggested the computers could be 15 to 30 years away. The news hit quantum computing shares, which sold off on the heels of Alphabet’s promising Willow chip announcement in 2024.
Zuckerberg says quantum computing is years away, but Regetti’s stock has fallen
It eliminates the calculation And D-Wave Quantum It tanked more than 32% each Monday, building on last week’s losses. IonQ It is reduced to 15%.
In the year Shares of Righetti and D-Wave rose 1,449% and 854%, respectively, as investors backed the technology as the next big thing after artificial intelligence in 2024.
Proponents say that quantum computers will have the ability to perform more complex computing tasks and process larger amounts of data than conventional computers. However, many investors caution that it may be too soon for real-world use cases.
