Just days ago, we said:

Fear will lead to opportunity in quantum computing stock.

All after related quantum stocks took a dive after Nvidia CEO Jensen Huang said “very useful” quantum computers are likely decades away, as noted by Bloomberg.

“If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it’s probably on the late side,” Huang added. “If you picked 20, I think a whole bunch of us would believe it.”

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Shortly after, Meta Platforms’ Mark Zuckerberg said quantum computing was years away.

“I’m not really an expert on quantum computing, but my understanding is that’s still quite a ways off from being a very useful paradigm,” the CEO said, as quoted by CNBC, adding that many people think the technology is likely a “decade plus out.”

However, markets are finally starting to shrug that off.

Helping, Riley Securities reiterated its buy rating on quantum stocks, like Rigetti Computing (RGTI) and D-Wave Quantum (QBTS), igniting a buy spree for both. RGTI was up about 50% on Tuesday and could soon refill its bearish gap at around $20 near term.

Sincerely,

Ian Cooper