"Quantum stocks have been absolutely demolished amid the latest tech-focused market pullback. With the AI trade, which some pundits view as being in a "bubble" of sorts, letting a bit of air out while the cryptocurrency markets experience a bloodbath of their own, it certainly seems like the appetite for some of the market's more speculative names is fading fast. At this juncture, those who bought into the quantum stocks at the peak probably feel like it's the beginning of the end."
"If anything, there might be an opportunity now that investors are getting a strong result, not only for "free" but at a slight discount now that shares have shed more than 3% as of the end of Thursday's turbulent session. Though Nvidia isn't a big quantum innovator, I do think that its recently revealed NVQLink product is a relatively lower-risk way to benefit from any sort of quantum leap without having to risk a quantum plunge of similar magnitude."
Quantum stocks plunged sharply during a tech-focused market pullback, amplified by cooling AI enthusiasm and concurrent cryptocurrency losses. Stocks that more than doubled recently have experienced 55–60% declines, though many remain meaningfully higher year-to-date. Nvidia reported blowout results that briefly supported speculative momentum, but broad-market intraday reversals erased much of those gains. Nvidia shares dipped over 3%, and its NVQLink product presents a lower-risk route to potential quantum-related upside. Top quantum names like D-Wave continue to fall, with $18–20 identified as a possible support band. Absence of price-to-earnings metrics complicates valuation and risk assessment.
Read at 24/7 Wall St.
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