SEALSQ Corp, a leading quantum computing company, saw its stock plummet by 15.88% in the 24-hour trading session on Sunday. This sharp decline was driven by an overreaction from investors following comments made by Nvidia CEO Jensen Huang about the slow pace of progress in quantum computing.
Huang's remarks, which suggested that truly useful quantum computers are likely at least 15 to 30 years away, sparked a sell-off across the quantum computing sector. However, this reaction seems to stem from a lack of understanding about the early stage of development for this emerging technology.
While Huang's comments may apply to fully scalable, general-purpose quantum systems, they overlook the tangible value and incremental progress already being achieved by quantum computing today. Early adopters are leveraging quantum computing to solve complex problems that classical systems cannot handle, delivering faster and more efficient solutions across various industries.
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