10 Tech, Energy Stocks Are Wednesday’s Worst Performers

2. IonQ Inc. (IONQ)

IonQ (IONQ) shares dropped by a whopping 39 percent or $19.34 on Wednesday, finishing the day at $30.25 as investor sentiment was dampened by Nvidia Corp. CEO Jensen Huang’s statement that the practical use of quantum computers is still 15 to 30 years away.

“If you said 15 years for very useful quantum computers, that would probably be on the early side,” Huang said. “If you said 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.”

The Nvidia chief said he thinks the AI chipmaker will play a significant role in the development of quantum computers, and push it toward getting there as fast as possible.