Quantum Computing Stocks Tumble After Zuckerberg Backs Nvidia CEO's 'Practical' Comments
Monday, Jan 13, 2025 6:30 am ET
Quantum computing stocks experienced a significant downturn on Monday, following comments made by Meta CEO Mark Zuckerberg and Nvidia Corp. CEO Jensen Huang. Both executives expressed caution regarding the timeline for quantum computing advancements, which triggered a sharp decline in quantum computing stocks. Here's a closer look at the events and their implications for investors.
Zuckerberg and Huang's Comments
During an appearance on Joe Rogan's podcast, Zuckerberg acknowledged his limited expertise on quantum computing but supported the industry consensus of a decade-long timeline for widespread adoption. He stated, "I’m not really an expert on quantum computing, but my understanding is that it’s still quite a ways off from being a truly practical paradigm." Huang, speaking at Nvidia's CES 2025 event, suggested that practical quantum computers might be 15 to 30 years away, echoing Zuckerberg's cautious outlook.
Market Impact
The remarks by Zuckerberg and Huang have intensified concerns about the future of quantum computing. Earlier, during Nvidia's analyst day, Huang expressed optimism about quantum computing's potential but cautioned that practical applications might take 15 to 30 years to materialize. This outlook has led to a sharp decline in quantum computing stocks, with IonQ Inc. (IONQ) falling 39%, Quantum Computing Inc. (QUBT) dropping 43.34%, and Rigetti Computing Inc. (RGTI) tumbling 45.41%.
Why It Matters
Despite the cautious projections, some industry insiders have countered Huang's views, arguing that quantum-based innovations are already being integrated into the tech ecosystem. Retail investors have shown optimism, with several quantum computing stocks experiencing significant growth in recent weeks. However, the recent rallies have erased much of their profit potential for investors, and some are even in danger of costing shareholders money.
Investment Caution
Huang's comments serve as a reminder for investors to exercise caution when investing in early-stage technologies like quantum computing. While the potential is significant, the timeline for commercial success may be longer than many investors anticipate. It is essential to maintain a balanced perspective and avoid getting caught up in short-term hype.

In conclusion, the comments made by Zuckerberg and Huang have important implications for the valuation of quantum computing stocks, highlighting the need for investors to consider the long-term potential of the technology while remaining cautious about near-term expectations and market volatility. As the industry continues to evolve, investors should stay informed about the latest developments and maintain a balanced perspective on the opportunities and risks associated with quantum computing investments.