Meta CEO Mark Zuckerberg tries on Orion AR glasses at the annual Meta Connect event at the company's headquarters in Menlo Park, California, on September 25, 2024.
Manuel Orbegoso | Reuters
Quantum computing stocks sold off on Monday after Meta Platforms CEO Mark Zuckerberg warned that the use of computers with such capabilities was still years away.
“I'm not really an expert in quantum computing, but my understanding is that this is still a long way from being a very useful paradigm,” he said during an appearance on Joe Rogan's radio show published on Friday, adding that many people believe the technology is… Potentially a 'plus contract'.
The comments reinforce recent comments from Nvidia CEO Jensen Huang that hinted at the possibility of PCs After 15 to 30 years. This news weighed on quantum computing stocks, which sold off after the 2024 boom in the wake of Alphabet's promising announcement of its Willow chip.
Rigetti shares fall as Zuckerberg says quantum computing is years away
It ignores computing and D-wave quantum Both fell 20% on Monday, building on last week's losses. Ion Q It fell by more than 9%.
Shares of Rigetti and D-Wave are up 1,449% and 854%, respectively, in 2024 as investors rally behind the technology as the next big thing since artificial intelligence.
Proponents say quantum computers will have the ability to perform more complex computing tasks than regular computers and process large amounts of data. However, many investors have He warned that it may be too soon For real-world use cases.
