Shares of quantum computing companies rise after Nvidia CEO, Jensen Huang during the interview today signalled, that quantum computing technology is one step closer to the major ‘inflection point’, and will be able to resolve some important problems in a few years from now. That information is making investors optimistic (again) about the future of American quantum companies such as IONQ (5% up in premarket) or Rigetti Computing (7% up in premarket).
Quantum computing companies valuations are extremely vulnerable to comments from BigTech or important ‘tech’ persons, as those firms are still not profitable. However, the market awaits that some of those stocks will earn a lot of money, from the ‘next’ technology revolution. As for now, it’s still unclear when quantum technology will be widely adopted and which business models will succeed.
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
