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Markets · Investing · Business
Finance
Cathie Wood Just Bought This Quantum Computing Stock. Should You Follow Her In?
Although Wood's company bought this stock, it may have had other motivations.
Investors have piled into quantum computing stocks, bidding their valuations up into the stratosphere. Indeed, as it offers exponentially faster computing than traditional systems, it could usher in the next wave of technological advancement.
However, one prominent investor who thinks interest in the sector is premature is Ark Invest CEO Cathie Wood, predicting that commercial viability will not arrive until at least the mid-2040s. Nonetheless, she made a surprise purchase of a top quantum computing stock, suggesting investors might want to prepare for a transition into the sector.
Details
Cathie Wood's quantum computing stock is Nvidia (NASDAQ: NVDA).
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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