Shares of quantum-computing companies that skyrocketed in 2024 collapsed by double digits Wednesday after Nvidia CEO Jensen Huang said practical uses for quantum computing were more than a decade away.

The quantum computing rally came to an abrupt end on Wednesday following comments from Nvidia CEO Jensen Huang. During a question-and-answer session with analysts, Huang put forth a more pessimistic view of the quantum computing timeline:

Wave fell sharply after Nvidia’s Jensen Huang said that “very simple quantum computers” could be 20 years away.

Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away.

Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, announced that CEO Dr.

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

AI agents are quickly becoming part of the workforce, and as NVIDIA's CEO Jensen Huang pointed out at the Consumer Electronics Show in Las Vegas, Nevada, this week, companies are going to have to figure out how best to work with them.

Nvidia CEO Jensen Huang holds a Nvidia’s Drive Thor processor as he delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada. Photo: Following his blockbuster keynote address at the 2025 Consumer Electronics Show in Las Vegas,

D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.

There may be more in store for the processor Nvidia co-developed with MediaTek for its Project Digits AI supercomputer.