Quantum computing stocks: D-Wave, Rigetti, IONQ, QUBT are falling. Blame Nvidia (again)

Quantum computing stocks got pummeled yesterday, with the four most prominent public quantum computing companies—IonQ, Rigetti Computing, Quantum Computing Inc., and D-Wave Quantum Inc.—falling anywhere from over 9% to over 18%. The reason? It has to do with AI chip giant Nvidia. Again. Stocks crash yesterday on Nvidia quantum news Yesterday was a bit of a bloodbath on the stock market for the four most prominent publicly traded quantum computing companies. Here’s a breakdown of how they performed, according to data from Yahoo Finance: IonQ, Inc. (NYSE: IONQ): down 9.27% to $21.14 per share Rigetti Computing, Inc. (Nasdaq RGTI): down 9.24% to $8.99 per share Quantum Computing Inc. (Nasdaq: QUBT): down 11.71% to $7.39 per share D-Wave Quantum Inc. (NYSE: QBTS): down 18.02% to $8.69 per share All four of these quantum computing stocks tumbled on the day that AI chip giant Nvidia kicked off its two-day Quantum Day event. In a blog post from January 14 announcing Quantum Day, Nvidia said the event “brings together leading experts for a comprehensive and balanced perspective on what businesses should expect from quantum computing in the coming decades — mapping the path toward useful quantum applications.” But that’s not all that Nvidia did. Besides bringing quantum experts together, the AI behemoth also announced that it will be launching a new quantum computing research center in Boston. Called the NVIDIA Accelerated Quantum Research Center (NVAQC), the new research lab “will help solve quantum computing’s most challenging problems, ranging from qubit noise to transforming experimental quantum processors into practical devices,” the company said in a press release. The NVAQC’s location in Boston means it will be near both Harvard University and the Massachusetts Institute of Technology (MIT).  “Quantum computing will augment AI supercomputers to tackle some of the world’s most important problems, from drug discovery to materials development,” Nvidia’s CEO, Jensen Huang, said. “Working with the wider quantum research community to advance CUDA-quantum hybrid computing, the NVIDIA Accelerated Quantum Research Center is where breakthroughs will be made to create large-scale, useful, accelerated quantum supercomputers.” It’s not the first time stocks reacted to Nvidia’s CEO Nvidia’s announcement of the NVIDIA Accelerated Quantum Research Center apparently sent shivers down the spines of many quantum computing investors, with shares of QBTS, RGTI, IONQ, and QUBT all crashing. Before Nvidia’s announcement yesterday, IonQ, Rigetti, D-Wave, and Quantum Computing Inc. were the leaders in the nascent field of quantum computing. And while they still are right now (Nvidia’s quantum research lab hasn’t been built yet), the fear is that Nvidia could use its deep pockets to quickly buy its way into a leadership spot in the field. With its $2.9 trillion market cap, the company can easily afford to throw billions of research dollars into quantum computing. As noted by the Motley Fool, the location of the NVIDIA Accelerated Quantum Research Center in Boston will also allow Nvidia to more easily tap into top quantum talent from Harvard and MIT—talent that may have otherwise gone to IonQ, Rigetti, D-Wave, and Quantum Computing Inc. Nvidia’s announcement is a massive about-face from the company in regard to how it views quantum computing. It’s also the second time that Nvidia has caused quantum stocks to crash this year. Back in January, shares in prominent quantum computing companies fell after Huang said that practical use of quantum computing was decades away. Those comments were something quantum computing company CEOs like D-Wave’s Alan Baratz took issue with. “It’s an egregious error on Mr. Huang’s part,” Bartaz told Fast Company at the time. “We’re not decades away from commercial quantum computers. They exist. There are companies that are using our quantum computer today.” According to Investor’s Business Daily, Huang reportedly got the idea for Nvidia’s Quantum Day event after the blowback to his comments, inviting quantum computing executives to the event to explain why he was incorrect about quantum computing. How quantum computing stocks are trading today  After Huang announced Nvidia’s intention to launch the NVIDIA Accelerated Quantum Research Center, quantum computing stocks tanked—and they aren’t doing much better today. As of the time of this writing, the four most prominent quantum computing stock prices are all down in premarket trading: IONQ: down 1.09% RGTI: down 3.00% QUBT: down 10.4% QBTS: down 4.83% Since the start of 2025, three of those four quantum computing stocks have been hit hard. As of yesterday’s close IONQ had lost more than 49% of its value, RGTI has lost 41%, and QUBT has lost 55%. Only QBTS has seen a modest gain of 3.45% for the year to date, though that gain has been wiped out in premarket trading this morni

Mar 21, 2025 - 13:37
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Quantum computing stocks: D-Wave, Rigetti, IONQ, QUBT are falling. Blame Nvidia (again)

Quantum computing stocks got pummeled yesterday, with the four most prominent public quantum computing companies—IonQ, Rigetti Computing, Quantum Computing Inc., and D-Wave Quantum Inc.—falling anywhere from over 9% to over 18%. The reason? It has to do with AI chip giant Nvidia. Again.

Stocks crash yesterday on Nvidia quantum news

Yesterday was a bit of a bloodbath on the stock market for the four most prominent publicly traded quantum computing companies. Here’s a breakdown of how they performed, according to data from Yahoo Finance:

  • IonQ, Inc. (NYSE: IONQ): down 9.27% to $21.14 per share
  • Rigetti Computing, Inc. (Nasdaq RGTI): down 9.24% to $8.99 per share
  • Quantum Computing Inc. (Nasdaq: QUBT): down 11.71% to $7.39 per share
  • D-Wave Quantum Inc. (NYSE: QBTS): down 18.02% to $8.69 per share

All four of these quantum computing stocks tumbled on the day that AI chip giant Nvidia kicked off its two-day Quantum Day event. In a blog post from January 14 announcing Quantum Day, Nvidia said the event “brings together leading experts for a comprehensive and balanced perspective on what businesses should expect from quantum computing in the coming decades — mapping the path toward useful quantum applications.”

But that’s not all that Nvidia did.

Besides bringing quantum experts together, the AI behemoth also announced that it will be launching a new quantum computing research center in Boston.

Called the NVIDIA Accelerated Quantum Research Center (NVAQC), the new research lab “will help solve quantum computing’s most challenging problems, ranging from qubit noise to transforming experimental quantum processors into practical devices,” the company said in a press release.

The NVAQC’s location in Boston means it will be near both Harvard University and the Massachusetts Institute of Technology (MIT). 

“Quantum computing will augment AI supercomputers to tackle some of the world’s most important problems, from drug discovery to materials development,” Nvidia’s CEO, Jensen Huang, said. “Working with the wider quantum research community to advance CUDA-quantum hybrid computing, the NVIDIA Accelerated Quantum Research Center is where breakthroughs will be made to create large-scale, useful, accelerated quantum supercomputers.”

It’s not the first time stocks reacted to Nvidia’s CEO

Nvidia’s announcement of the NVIDIA Accelerated Quantum Research Center apparently sent shivers down the spines of many quantum computing investors, with shares of QBTS, RGTI, IONQ, and QUBT all crashing.

Before Nvidia’s announcement yesterday, IonQ, Rigetti, D-Wave, and Quantum Computing Inc. were the leaders in the nascent field of quantum computing. And while they still are right now (Nvidia’s quantum research lab hasn’t been built yet), the fear is that Nvidia could use its deep pockets to quickly buy its way into a leadership spot in the field. With its $2.9 trillion market cap, the company can easily afford to throw billions of research dollars into quantum computing.

As noted by the Motley Fool, the location of the NVIDIA Accelerated Quantum Research Center in Boston will also allow Nvidia to more easily tap into top quantum talent from Harvard and MIT—talent that may have otherwise gone to IonQ, Rigetti, D-Wave, and Quantum Computing Inc.

Nvidia’s announcement is a massive about-face from the company in regard to how it views quantum computing. It’s also the second time that Nvidia has caused quantum stocks to crash this year. Back in January, shares in prominent quantum computing companies fell after Huang said that practical use of quantum computing was decades away.

Those comments were something quantum computing company CEOs like D-Wave’s Alan Baratz took issue with. “It’s an egregious error on Mr. Huang’s part,” Bartaz told Fast Company at the time. “We’re not decades away from commercial quantum computers. They exist. There are companies that are using our quantum computer today.”

According to Investor’s Business Daily, Huang reportedly got the idea for Nvidia’s Quantum Day event after the blowback to his comments, inviting quantum computing executives to the event to explain why he was incorrect about quantum computing.

How quantum computing stocks are trading today 

After Huang announced Nvidia’s intention to launch the NVIDIA Accelerated Quantum Research Center, quantum computing stocks tanked—and they aren’t doing much better today. As of the time of this writing, the four most prominent quantum computing stock prices are all down in premarket trading:

  • IONQ: down 1.09%
  • RGTI: down 3.00%
  • QUBT: down 10.4%
  • QBTS: down 4.83%

Since the start of 2025, three of those four quantum computing stocks have been hit hard. As of yesterday’s close IONQ had lost more than 49% of its value, RGTI has lost 41%, and QUBT has lost 55%.

Only QBTS has seen a modest gain of 3.45% for the year to date, though that gain has been wiped out in premarket trading this morning as of the time of this writing.

However, despite these quantum computing stocks being in the red for 2025, over the past 12 months, all have shown impressive returns, with IONQ up over 120%, RGTI over 425%, QUBT over 495%, and QBTS over 323% as of yesterday’s close.

As for Nvidia, investors seem not to care much about its quantum announcement. Yesterday, NVDA stock closed up just 0.86%, and today, the stock is currently down a paltry 0.76% in premarket trading.

Since 2025 began, NVDA stock has been down almost 12%, while it has been up over 31% over the past 12 months, as of yesterday’s close.