How Nvidia CEO Jensen Huang’s one sentence wiped out $8 billion in market cap of quantum computing companies

Nvidia CEO Jensen Huang’s single comment about the future of quantum computing triggered a massive selloff on Wednesday (January 8), wiping out approximately $8 billion in market value from quantum computing companies.

Major quantum computing players bore the brunt of the selloff. IonQ shares plummeted more than 40%, while Rigetti Computing crashed by over 45%. D-Wave saw its shares sink 36%, though the stock remains up about 600% over the past year.