Nvidia and quantum computers, Bitcoin seesaws, and the Trump trade: Markets news roundup

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Photo: Vieriu Adrian (Getty Images), Spencer Platt (Getty Images), Patrick T. Fallon/AFP (Getty Images), Johner Images (Getty Images), Bloomberg (Getty Images), Illustration: Dan Kitwood (Getty Images), Image: NurPhoto (Getty Images)

Image for article titled Nvidia and quantum computers, Bitcoin seesaws, and the Trump trade: Markets news roundup

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What you major in can have a big impact on your earning potential.

Legacy Online School, a K-12 online school, combed through data from the National Association of Colleges and Employers to see which degrees yield the highest starting salaries for recent graduates.

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Nvidia’s dominance in AI will continue, but be cautious with quantum computing stocks, strategist says

Steve Sosnick, Chief Strategist at Interactive Brokers (IBKR), spoke with Quartz for the latest installment of our “Smart Investing” video series.

Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.

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Jensen Huang wearing a shiny black leather coat holding up a chip in front of a backdrop with colorful lines and dots

Nvidia CEO Jensen Huang holds a Drive Thor processor during his keynote at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025.
Photo: Patrick T. Fallon/AFP (Getty Images)

Nvidia (NVDA) chief executive Jensen Huang doesn’t think useful quantum computers will be here anytime soon — and stocks are not reacting well to it.

Quantum computing stocks such as IonQ (IONQ) and Rigetti Computing (RGTI) fell by more than 40% Wednesday morning after Huang’s comments during Nvidia’s financial analyst day at the Consumer Electronics Show (CES).

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Cryptocurrency has evolved into a store of value, somewhat like gold, and a medium of exchange, like the U.S. dollar. Its practical applications in everyday life have expanded as it becomes more mainstream. Among the various growing use cases, cryptocurrency has emerged as a method for bill payments.

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Image for article titled Nvidia and quantum computers, Bitcoin seesaws, and the Trump trade: Markets news roundup

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Bitcoin has again slipped below the $100,000 mark, experiencing a decline of over 5% in the past 24 hours.

The leading cryptocurrency, which had been gaining momentum amid anticipation surrounding the inauguration of Donald Trump, has seen its value drop sharply from $102,000 to $95,000 in just two days. As a result, other major cryptocurrencies also sharply declined, with Ether, Cardano, Solana, and Dogecoin dropping by 7%, 13%, 7%, and 10%, respectively.

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Image for article titled Nvidia and quantum computers, Bitcoin seesaws, and the Trump trade: Markets news roundup

Photo: Bloomberg (Getty Images)

Bitcoin has surged above the $100,000 mark, trading at around $102,000—a gain of over 4% in a single day. This rally is driven by the “January effect” as investors return from the holidays and inject fresh capital into the market. Investors are also closely watching the upcoming inauguration of Donald Trump on January 20 and the departure of SEC Chair Gary Gensler.

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How Donald Trump’s tariff rhetoric could reshape investment strategies, according to a strategist

Steve Sosnick, chief strategist of Interactive Brokers, breaks down Donald Trump’s unpredictable rhetoric about U.S. trade partners Canada and Mexico

Nvidia’s dominance in AI will continue, but be cautious with quantum computing stocks, strategist says

Steve Sosnick, chief strategist of Interactive Brokers, breaks down Nvidia CEO Jensen Huang’s comments on quantum computing at CES 2025

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