Quantum Computing Stocks Drop After CEO Skepticism

Shares of quantum computing companies, including D-Wave Quantum, Rigetti Computing, and Quantum Computing, faced significant declines following skeptical remarks from high-profile tech executives Mark Zuckerberg and Jensen Huang. Zuckerberg, during an appearance on Joe Rogan's podcast, expressed doubts about the near-term viability of quantum computing, suggesting it is still 'a decade plus out' from being useful. This sentiment echoed Huang's statements at the CES 2025 conference, where he estimated that practical quantum computers may be 15 to 30 years away from widespread adoption. The downturn in share prices reflects a broader reassessment by investors, who are now prioritizing companies demonstrating tangible short-term progress over those relying on long-term potential. Following a period of rapid growth in 2024, the recent commentary has sparked a reality check in the sector, leading to substantial sell-offs. As investor enthusiasm wanes, many are questioning the feasibility of immediate commercial applications of quantum technology.