Another Silicon Valley mogul has poured cold water on the recently popular quantitative computing concept stocks that investors have been enthusiastic about in recent months. This Monday, the &#34;meme stocks&#34; of quantitative computing experienced a double-digit decline similar to last week.D-Wave Quantum (QBTS) fell over 30% during the day and closed down 33.6%, Rigetti Computing (RGTI) closed down about 32.3%, Quantum Computing (QUBT) closed down 27.4%, and IonQ (IONQ) closed down 13.8%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/98e0b593-3d66-429e-9f14-bdf62ffa7660.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/98e0b593-3d66-429e-9f14-bdf62ffa7660.jpeg"/>Before these quantitative computing concept stocks plummeted, Meta CEO Mark Zuckerberg warned during an interview on the Joe Rogan podcast released on January 10th that it would take years for computers to possess quantum computing capabilities. He told host Rogan:<blockquote>&#34;I'm not an expert in quantum computing, but my understanding is that quantum computing has a long way to go before it becomes a very useful paradigm.&#34;</blockquote>Zuckerberg went on to say that many people expect quantum computing technology to be useful may &#34;still need more than ten years.&#34;Commentators believe that Zuckerberg's remarks reinforced the views recently expressed by NVIDIA CEO Jensen Huang. Wallstreetcn previously mentioned that during the annual &#34;Spring Festival Gala&#34; of the consumer technology industry at CES last Tuesday, Huang told analysts that &#34;very useful&#34; quantum computers might still take decades to arrive. He said:<blockquote>&#34;If we say that very useful quantum computers will appear in fifteen years, that might be too early. If we say thirty years, that might be a bit too pessimistic; if we say twenty years, I think many of us would believe that.&#34;</blockquote>After Huang's remarks last Tuesday evening, the first trading day saw a broad decline in quantum computing concept stocks on Wednesday. Quantum Computing, D-Wave Quantum, and Rigetti Computing all fell over 50% at one point during the day, closing down 43.34%, 36.13%, and 45.51% respectively, while IonQ, which had fallen nearly 48%, closed down 39%.In recent months, the aforementioned quantum computing concept stocks had been highly sought after due to market expectations of the enormous potential of quantum computing technology, with stock prices soaring. The excitement in the market was further boosted after Google's parent company Alphabet made breakthrough progress in the field of quantum computing last December.In December, Google announced that its Willow chip achieved a significant breakthrough where the error rate decreased exponentially as the number of qubits increased, and it could solve problems that would take supercomputers about 1 billion trillion years to solve in just 5 minutes.As of last Tuesday's close, Quantum Computing's stock price had increased by over 1800% in the last 12 months, Rigetti Computing's stock price had risen by over 1500% during the same period, and D-Wave Quantum and IonQ's stock prices had achieved nearly 1000% and over 300% increases, respectivelyIn the past three months, Quantum Computing has surged over 1600%, Rigetti Computing has risen over 1400%, D-Wave Quantum has increased by over 740%, and IonQ has grown by about 200%.Analysts indicate that the impressive gains in quantum computing stocks highlight the market's confidence in quantum computing becoming a transformative force across industries. Currently, quantum computing is on a rapid growth trajectory, and experts expect that as the technology matures, its potential for efficiently solving complex problems and enhancing computational power will further expand.Among various industries, pharmaceuticals (drug discovery), finance (financial modeling), and logistics (supply chain optimization) are expected to be early application areas for quantum technology.However, it is important to note that the application of quantum computing also poses security risks, particularly in the field of cryptography. Therefore, as quantum computing develops, the urgent need to develop algorithms resistant to quantum attacks to protect data security is becoming increasingly pressing

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After Jensen Huang said last week that quantum computing applications would take several decades, Mark Zuckerberg also stated that quantum computing still has a long way to go before it becomes a very useful paradigm, with many people predicting it may take more than ten years. On Monday, both D-Wave Quantum and Rigetti Computing fell over 30%

- Recent comments from Meta CEO Mark Zuckerberg have dampened enthusiasm for quantum computing stocks, which saw significant declines this week.  
- Following Zuckerberg's warning that practical quantum computing is still years away, stocks like D-Wave Quantum and Rigetti Computing dropped over 30%.  
- Despite recent surges in stock prices due to optimism about quantum technology, analysts caution that while the field is growing, security risks and the need for protective algorithms are becoming increasingly urgent.

After Jensen Huang, Zuckerberg also poured cold water, quantifying the "meme stocks" that repeated last week's double-digit decline