Quantum computing stocks saw a significant recovery on Tuesday after a decline triggered by doubts about the timeline for practical applications of the technology. Rigetti Computing (RGTI) surged by 48%, D-Wave (QBTS) gained 23%, and Quantum Computing (QUBT) rose by 14%.

The sell-off started after Meta CEO Mark Zuckerberg stated that “useful” quantum computing might not be realized for another decade. However, D-Wave CEO Alan Baratz dismissed these claims, highlighting that their quantum computers are already solving problems that would take millions of years on classical systems.

The rebound was further supported by initiatives from major players: Amazon launched a quantum computing program, the US pledged $2.7 billion for research, and Google introduced its Willow chip.

Despite the recent recovery, D-Wave’s shares remain below their levels from two weeks ago. However, over the past year, their value has increased by more than 520%, reflecting growing investor confidence in quantum technology’s potential.