On Tuesday, shares of companies in the quantum computing sector witnessed a significant surge, showcasing the ongoing heavy volatility within the industry.
Rigetti Computing experienced a notable increase, with its stock climbing 15%. This rise comes as a rebound from a substantial four-day decline, which previously wiped out nearly 70% of the company's stock value.
Other quantum computing firms also saw their shares move upward. Quantum (NASDAQ:QMCO) Computing Inc. enjoyed a 14% gain, while Arqit Quantum Inc (NASDAQ:ARQQ). shares rose by 12%. Additionally, D-Wave Quantum Inc. saw its stock increase by 11.5%. These movements reflect a broader pattern of fluctuation in the sector.
The recent volatility in quantum computing stocks was influenced by comments from the CEO of Nvidia (NASDAQ:NVDA), who suggested that practical and strong use cases for quantum computing technology are likely more than ten years away.
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