Barron's Oct 03 25
Quantum Computing Stock Could Rise 67%, Says Analyst. Here’s Why.:
Ascendiant Capital Markets reiterates a Buy rating and raises the price target on Quantum ...
barrons.com/articles/quantum-computing-stock-price-buy-3b216737
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Key FactsNvidia CEO Warns of Slow Quantum Computer Progress
Jan 8, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: marketwatch.com
Summary created with AI assistance · Source: marketwatch.com
- Shares of quantum computing firms like Rigetti and IonQ have sharply declined after Nvidia CEO Jensen Huang warned that it could take 15 to 30 years for simple quantum computers to become available.
- Huang emphasized Nvidia's interest in advancing quantum technology and its collaboration with various companies to expedite progress.
- Despite recent hype around quantum computing, these companies currently generate minimal revenue, with Quantum Computing earning only $101,000 in the third quarter.
- In the past three months, stocks of some quantum companies surged significantly, yet substantial revenue growth remains elusive, raising questions about their market valuations.
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