IonQ (NASDAQ:IONQ) is arguably the leading stock in the quantum computing space. Prior to Wednesday, its stock was up nearly 500% over the last three months as it works to push quantum physics into computing to make massive, complex calculations.
Unfortunately, many say the devices can’t make the hyperscale calculations their advocates say they can and a regular computer can often do it better right now. They are also not any faster than traditional computers, and in some calculations, quantum computers are actually slower.
Despite this, recent advances had investors betting quantum computing stocks, especially IonQ, would be making quantum leaps forward and bid their share prices to the stratosphere.
Nvidia (NASDAQ:NVDA) CEO Jensen Huang, however, cut the knees out from under these stocks and sent their share prices careening lower.
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