IonQ Stock Plummets 44% After Nvidia CEO Warns Quantum Computing May Take Decades

IonQ Inc. (NYSE: IONQ) experienced a significant decline in its stock price on January 8, 2025, closing at $27.45, a decrease of approximately 44.65% from the previous close. This downturn followed remarks by Nvidia CEO Jensen Huang at the CES tech conference, where he projected that practical and commercially viable quantum computing technology is still 15 to 30 years away.

Prior to this event, IonQ's stock had seen substantial gains, rising over 300% in the past year. The sharp decline in IonQ's stock price reflects investor concerns about the long-term viability and earnings potential of quantum computing technologies.

For investors, this development underscores the volatility in the quantum computing sector and the importance of closely monitoring industry trends and expert analyses.