Quantum computing stocks are tumbling after Nvidia CEO Jensen Huang warned that the technology is a long way off.

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

CEO Alan Baratz wants to correct the record after comments from Nvidia boss Jensen Huang appeared to dramatically impact share prices for D-Wave and other companies. Nvidia CEO Jensen Huang may have thrown cold water on the quantum computing sector this week,

Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

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

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,

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.

Nvidia (NASDAQ: NVDA) has offered investors good news on many occasions in recent years. From reports of record revenue and high demand for its new products to an invitation last year to join the Dow Jones Industrial Average,

Quantum stocks started falling during afternoon trading on Friday, despite an uptick earlier in the day. Quantum Computing (NASDAQ:QUBT) shares were down 7%, Rigetti (NASDAQ:RGTI) -4.5%, Aqrqit Quantum (NASDAQ:ARQQ) -9% and D-Wave Quantum (NYSE:QBTS) -1%.