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Quantum computing stocks sell-off accelerates as Zuckerberg becomes latest tech CEO to temper sector enthusiasm
Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that quantum computing use remains years away.
"I'm not really an expert on quantum computing, but my understanding is that's still quite a ways off from being a very useful paradigm," he said during an appearance on Joe Rogan's podcast published Friday, adding that many people think the technology is likely a "decade plus out." The comments reinforce recent commentary from Nvidia CEO Jensen Huang that suggested that the computers are likely 15 to 30 years away. The news battered quantum computing stocks that have sold off following a booming 2024 on the heels of Alphabet's promising Willow chip announcement.
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