Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away."If you said 15 years for very useful quantum computers, that would probably be on the early side,

Quantum computing companies have surged recently but Nvidia CEO Jensen Huang had a disappointing message for the sector.

Rigetti stock is up 1,756% in the last year — but 74% overvalued. Investors who did not buy Nvidia stock before GenAI wave, fear missing out on quantum computing.

Financial position strengthens amid soaring valuation Rigetti's financial position was significantly boosted by a capital raise last November. Specifically, the company secured $100 million, before deducting commissions and other offering expenses,

Rigetti offers full-stack quantum-classical computing. RGTI's advancements promise significant growth and reduced error rates. Find out why the stock is a hold.

Rigetti shares have gained some 445% over the past month amid marked strength in quantum computing-related stocks. The company's December release of its 84-qubit Ankaa-3 quantum computer has also captured investor attention.

Rigetti Computing (NASDAQ:RGTI) is up 470% in just the past month! Should I rush out to buy this quantum computing growth stock?

The shares of IonQ Inc. and other companies linked to quantum computing tumbled in extended trading on Tuesday after Nvidia Corp. Chief Executive Officer Jensen Huang said “very useful” quantum computers are likely decades away.

The long wait outlined by Huang for "very useful quantum computers" throws cold water on a sector that was already expected to spend millions more on the technology, which can only perform niche calculations so far.

Nvidia or Google willSKTLs Space Crypto co-founder Cody Willard explains how A.I. will impact the future of business on 'Making Money.' conquer quantum computing: Cody Willard