Huang deep-sixes qubits


At the market open on Friday, shares of Quantum Computing were down by about 10%, while Rigetti and D-Wave were down by more than 4% and IonQ was up by less than 1%. Later in the morning, some of the stocks were back on the rise, with IonQ up by more than 5%, D-Wave and Quantum Computing down by less than 1%, and Rigetti down by less than 2%.

At the event, which was held during Nvidia’s annual GTC developers conference, Huang said that he didn’t know there were publicly traded quantum computing companies when he made comments in January that led the stocks to fall by more than 40%.

“My first reaction was, I didn’t know they were public,” Huang said, in remarks reported by Bloomberg. “How can a quantum company be public?”

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