Equity bulls were hoping for a payrolls number that was not too hot and not too cold. However, a notably stronger-than-expected report is pushing Treasury yields to fresh multi-month peaks and forcing equity index futures lower.

Jensen Huang founded accelerated computing company Nvidia (NASDAQ: NVDA) in 1993, and has served as the CEO and president ever since. Nvidia has achieved many breakthroughs under his leadership, but the invention of the graphics processing unit (GPU) in 1999 was particularly momentous.

Nvidia CEO's comments on quantum computing caused a market drop, erasing $8 billion from companies like IonQ, Rigetti, and D-Wave. Huang suggested useful quantum computing may be 15-30 years away. D-Wave's CEO disagreed,