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Quantum Computing Stocks, Including IonQ (IONQ) and D-Wave (QBTS), Are Volatile and Mixed

Quantum computing stocks are moving between gains and losses today after they tumbled on Wednesday due to negative comments about the sector by Nvidia’s (NVDA) CEO, Jensen Huang. The continued volatility comes amid positive news and an upbeat, long-term target released by one of the companies in the space, IonQ (IONQ). The latter company’s shares are little changed, while Rigetti Computing (RGTI) is sinking 7% and D-wave Computing (QBTS) is falling 1.5%.

Additionally, the CEO of D-Wave Quantum (QBTS), disputed Huang’s assessment.

A modern computer datacenter, running an advanced quantum computer system.

Huang’s Bearish Comments

Huang indicated that quantum computing may not make significant, positive contributions for 15 years. And he claimed that many people “believe” that the technology will be “very useful” in 20 years.

IonQ’s Bullish News

The quantum computing firm predicted that its 2024 revenue and bookings would be at the high end of the guidance ranges that it previously released. In November, the firm estimated that its full-year revenue would be between $38.5 million and $42.5 million, while it would generate bookings of $75 million to $95 million.

Moreover, the company predicted today that it would generate a profit in 2030 on revenue of nearly $1 billion.

D-Wave CEO  Says That Huang’s Comments Are Inaccurate

“D-Wave has been able to solve problems on our quantum computer in the area of materials simulation in minutes that it would take well over millions of years to solve on the fastest supercomputers,” D-Wave CEO Alan Baratz told CNBC yesterday.

Baratz added that the company’s “annealing quantum computing solutions are available today and are solving real-world problems for businesses, researchers and governments now,” according to a press release issued by the company.

While we acknowledge the potential of IONQ, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IONQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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