The prospect of quantum computing is once again being questioned! Zuckerberg "stands by" Huang Renxun. Related concept stocks plummeted again.

Meta Platforms (META.US) CEO Mark Zuckerberg recently warned that the application of quantum computers will still take several years. As a result, quantum computing concept stocks have experienced collective selling. "I'm not an expert in quantum computing, but my understanding is that there is still a long way to go before it becomes a very useful paradigm," he said in a podcast on Friday, adding that many people believe this technology may need "more than ten years." These comments echo recent remarks by NVIDIA Corporation (NVDA.US) CEO Jensen Huang, who stated that quantum computers may still need 15 to 30 years, which has dealt a heavy blow to quantum computing concept stocks. After Alphabet Inc. Class C (GOOGL.US) launched its latest quantum chip Willow chip last year, these concept stocks briefly soared. As of the close on Monday, Rigetti Computing (RGTI.US) and D-Wave Quantum (QBTS.US) both fell over 30%, extending last week's decline. IonQ (IONQ.US) plummeted by nearly 14%. Due to investors' overwhelming support for quantum computing technology, believing it to be the next big thing after artificial intelligence, the stock prices of Rigetti and D-Wave rose by 1449% and 854% respectively in 2024. Supporters argue that quantum computers will be able to perform more complex computing tasks than conventional computers and handle large amounts of data. However, many investors warn that for real-world use cases, it may still be too early.