Jensen Huang, CEO of Nvidia. (Photo: Yonhap News)

 

[Alpha Biz= Kim Jisun] Quantum computing stocks, which had surged last month, plummeted after comments by Jensen Huang, CEO of Nvidia. The market value of three major quantum computing stocks held by domestic investors fell by $16.32 billion (approximately 23.83 trillion KRW).

On Wednesday (local time), quantum computing stocks such as IonQ dropped by 39%, Rigetti Computing fell by 45.41%, and Silks dropped by 26.2% on the New York Stock Exchange.

At the CES 2025 event in Las Vegas on January 7, Huang commented on the commercialization of quantum computing, saying, "If I say 15 years, that would be the early stage, and 30 years would likely be the later stage." He implied that the commercialization of quantum computing could be much further in the future.

As of January 7, prior to the drop, domestic investors held $30.9 billion in IonQ, $7.5 billion in Rigetti Computing (21st by value), and $3.3 billion in Silks (43rd). Domestic investors owned around 30% of IonQ and 45% of Silks. Considering the stock price decline, domestic investors lost about $1.21 billion (approximately 1.76 trillion KRW) in IonQ alone.

According to the Korea Securities Depository’s Securities Information Portal Savebro, as of January 7, the top holdings in overseas stocks were Tesla ($23.4 billion), Nvidia ($12.2 billion), Apple ($4.66 billion), and Microsoft ($3.2 billion), with IonQ ranking 5th at $30.9 billion.

The drastic drop in stock prices also led to the suspension of IonQ 3x Leveraged ETPs, which had been traded on some securities exchanges. The asset's price fell more than 33%, prompting a potential delisting and triggering a halt in trading.

However, quantum computing ETFs managed by asset management companies experienced smaller declines, as they had a higher proportion of big tech stocks. Kiwoom Investment Management's 'KOSEF US Quantum Computing', launched on December 17, saw a 6.43% decline on January 9.

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]