Huang Renxun throws in bear market + high-level issuance, Quantum Computing (QUBT.US) popular stock plunges before market open.

NVIDIA Corporation CEO Huang Renxun's statement that it will take decades for a useful quantum computing application to emerge has caused a collective plunge in quantum computing concept stocks in the US stock market, such as Quantum Computing (QUBT.US), which have been extremely popular since December. Additionally, the announcement of a stock issuance at a high price by Quantum Computing, considered a "hot potato" in the field of quantum computing, has further worsened the already large drop in the stock price before trading in the US stock market, with the share prices of these concept stocks plummeting by over 20%. According to reports, Huang Renxun, the leader of the AI chip giant NVIDIA Corporation, stated during an analyst day Q&A session on Tuesday in the US that a "very useful" quantum computer may take decades to arrive. He stated in the Q&A session, "If we talk about a very useful quantum computer appearing fifteen years from now, it may still be too early. If we talk about thirty years, it might be a bit too pessimistic; if we talk about a twenty-year timeframe, I think many of us would believe that." Huang Renxun's recent statement has triggered a strong reaction in the global capital markets, causing a sharp drop in the stock prices of companies globally associated with the quantum computing concept. Quantum Computing, which saw its share price near historical highs, suddenly announced a stock issuance, leading to an even larger drop in its stock price before trading in the US market. Quantum Computing stated in its latest announcement that it has issued 8.16 million shares of common stock at a price of $12.25 each through private placement, raising a total of $100 million. The deadline for this issuance is January 9, 2025. The net proceeds obtained by Quantum Computing this time will be used for working capital and general corporate purposes. With the expected net proceeds and existing cash reserves, the company expects to have sufficient resources to continue advancing and expanding its research and promotion of photonic, thin-film lithium niobate, and commercializable quantum computing technology. "This very successful $100 million issuance was priced well above our last two additional stock issuances, and since November, we have raised a total capital of $190 million," stated Chris Bumler, Chief Financial Officer of Quantum Computing. As of the time of writing, Quantum Computing's stock price dropped by 20.53% to $13.90 in pre-market trading in the US. Since November, the field of quantum computing has seen many positive catalysts at both the industry development and macroeconomic levels, driving US stocks associated with quantum computing into a collective frenzy of soaring stock prices. In particular, since December, Alphabet Inc. Class C launched a super heavyweight quantum chip named "Willow", igniting the entire quantum computing industry. Market speculation suggests that this chip may accelerate the commercial trajectory of quantum computing. However, Huang Renxun's latest statement has undoubtedly reduced market expectations for the commercialization of quantum computing. According to a statement released by Alphabet Inc. Class C on December 9, Willow quantum chip demonstrated remarkable performance in benchmark testing, completing a "standard benchmark calculation" in less than 5 minutes, while traditional supercomputers would take 10^25 years to complete the same task. With the catalyst of Willow, IonQ Inc. (IONQ.US) has risen by over 36% since December, Quantum Computing (QUBT.US) has seen a 150% increase since December, D-Wave Quantum (QBTS.US) has seen a 220% increase, and Rigetti Computing (RGTI.US) has seen an astonishing 500% increase since December. Technology giant Alphabet Inc. Class C, with a market capitalization of $2.4 trillion, has seen its stock price rise by over 18% under the catalysis of the quantum wave. However, it is important to note that, including Alphabet Inc. Class C, there are currently no companies that have achieved any meaningful, precise control of quantum states and can achieve large-scale commercialization of practical "quantum computing". The gap between these quantum computing companies and the "ultimate form" of quantum acceleration is still very far. At present, the quantum computing platforms provided by these companies mainly focus on entry-level heuristic quantum computing applications, with a very narrow range of applications. Most of them can only solve acceleration problems closely related to specific industries and cutting-edge research and play a complementary role, such as in large research projects in pharmaceutical biology and physics laboratories. Currently, human technology cannot achieve precise and stable control of quantum states in a universal computing system, especially in achieving precise and controllable "quantum entanglement", there are significant technological bottlenecks.