10 Firms Mirror Wall Street Slump on Thursday

8. Rigetti Computing Inc. (NASDAQ:RGTI)

Rigetti dropped its share prices for a second consecutive day on Thursday, slashing 7.73 percent to end at $8.47 apiece as investors sold off positions to minimize risks from the generally pessimistic macroeconomic environment.

RGTI traded lower in line with its counterparts in the quantum computing sector, with IonQ Inc. down 7.73 percent, D-Wave Quantum Computing dropping 2.48 percent, and Quantum Computing Inc. dipping 0.87 percent.

Further dampening sentiment are uncertainties in the quantum computing industry, with Nvidia Corp. CEO Jensen Huang walking back earlier comments that the very use of quantum computers could still be between 15 and 30 years from now.

In the recently concluded Quantum Day organized by Nvidia, Huang apologized to quantum computing firms hit heavily by his comments, saying that he may be wrong about quantum computing. The panelists, however, did not buy the idea.