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Why Quantum Computing Stocks, Including RGTI And QBTS, Are Plunging Again Today

After the most popular quantum-computing stocks tumbled last week, they’re sinking again today.

Rigetti (RGTI) is dropping 23%, while IonQ (IONQ) is giving back 10% and D-Wave Quantum (QBTS), which disclosed today that it may sell more shares of its stock, is plunging nearly 30%.

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

The sector is dropping sharply again after Meta (META) CEO Mark Zuckerberg suggested that quantum computing would not be “practical” for a long time.

Last week Nvidia (NVDA) CEO Jensen Huang made similar comments, sparking the huge downturn by quantum names.

Zuckerberg’s Statement and the Quantum Sector’s Defense

“I’m not really an expert on quantum computing, but my understanding is that it’s still quite a ways off from being a truly practical paradigm,” Zuckerberg was quoted as telling Joe Rogan on the latter man’s podcast.

After Huang suggested last week that quantum technology would not be “very useful” for about 20 years, a number of CEOs in the quantum sector refuted his thesis. For example, D-Wave CEO Alan Baratz said that the company’s annealing quantum computing is “supporting businesses today… to solve their hard problems.”

Separately, D-Wave today disclosed in a regulatory filing that it could sell as much as $150 million of QBTS stock.

The latter news, along with the weakness of small-cap growth stocks today, is likely to be putting pressure on quantum names today.

While we acknowledge the potential of QBTS, 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 QBTS 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.

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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.

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