Jensen Huang crushed the quantum stocks, and now Martin Shkreli is going for the kill
Equity bulls were hoping for a payrolls number that was not too hot and not too cold. However, a notably stronger-than-expected report is pushing Treasury yields to fresh multi-month peaks and forcing equity index futures lower.
Nvidia CEO Jensen Huang Just Delivered Terrible News for Quantum Computing Stocks
The quantum computing rally came to an abrupt end on Wednesday following comments from Nvidia CEO Jensen Huang. During a question-and-answer session with analysts, Huang put forth a more pessimistic view of the quantum computing timeline:
Shares of Rigetti Computing are trading lower by 40% since Wednesday's open. The stock fell after Nvidia CEO Jensen Huang expressed doubts about quantum computing's near-term potential.
Quantum computing stocks are tumbling after Nvidia CEO Jensen Huang warned that the technology is a long way off.
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