Quantum computing stocks are plunging again after another major tech leader cast doubts on the technology’s usefulness in the near future.
Meta Platforms (NASDAQ:META) is planning to spend $60B to $65B to build out the company's artificial intelligence infrastructure, CEO Mark Zuckerberg said through his official account in a Facebook post Friday.
Meta Platforms Inc. META CEO Mark Zuckerberg agreed with Nvidia Corp. NVDA CEO Jensen Huang‘s cautious outlook on quantum computing, saying that the technology remains years away from practical ...
Investors consequently want to know how long before quantum computers' time has come. IonQ's Chapman put together a timeline of his own. By 2030, the CEO believes his company will generate close to $1 billion in revenue and will also be profitable.
Quantum computing holds the potential to radically transform the world. Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg recently poured cold water on some of the hype surrounding quantum computing.
Elon Musk, Mark Zuckerberg, Tim Cook, Jeff Bezos, Sundar Pichai, and even TikTok’s CEO Shou Chew are among the powerful tech leaders lined up to attend Donald Trump’s inauguration on Monday, but Nvidia’s CEO won’t be joining them.
Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that quantum computing use remains years away.
Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.
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Why Tech Stocks Dropped Monday
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Top business leaders like Mukesh Ambani, Elon Musk, Jeff Bezos, Mark Zuckerberg, and Tim Cook, are set to attend the inauguration ceremony of US President-elect Donald Trump on January 20. However, Nvidia CEO Jensen Huang has decided to skip the gala event.
During an appearance on the Joe Rogan podcast, Meta chief executive Mark Zuckerberg echoed Nvidia chief executive Jensen Huang’s prediction that quantum computing’s potential is a “decade ...