University of Kwazulu-Natal

Nvidia Apologizes To Quantum Computing Companies With Tipranks

Bonisiwe Shabane
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nvidia apologizes to quantum computing companies with tipranks

Nvidia Corp. (NASDAQ:NVDA) CEO, Jensen Huang admitted his comments about quantum computing developments in January, which led to a decline in quantum computing stocks were wrong. He discussed the developments in the field with the leaders of these companies during the GTC AI Conference on Thursday. What Happened: Huang’s statements in January pulled the shares of quantum computing companies down, with some experiencing losses exceeding 40%. During CES 2025, Huang stated that practical quantum computing is likely two decades away. Nvidia set a timeline of 15 to 30 years for "very useful" quantum computers, with a consensus within the company leaning towards a 20-year horizon.

During GTC on Thursday, he said, "My first reaction was, I didn't know they were public! How could a quantum computer company be public?" he said. Huang said "They can explain why I was wrong," pointing toward the panel of speakers that he had invited from firms like PsiQuantum, D-Wave Quantum Inc., and IonQ Inc. At GTC 2025 in San Jose, Calif. today (Mar. 20), Nvidia hosted its first ever Quantum Day, an event to explore how quantum technology could impact industries.

It featured a panel discussion led by CEO Jensen Huang, alongside executives from leading quantum computing companies like Atom Computing, D-Wave, Infleqtion, QuEra, IonQ, Pasqal and Quantinuum. Huang took the stage to clarify his statement in January that practical quantum computers were still 15 to 30 years away—which caused the stock prices of several quantum computing companies to plummet. By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime. “I said it will take years to achieve was always because of the sheer complexity of the technology. When stocks went down, I didn’t even realize these companies were public,” said Jensen.

“Today, I am here to invite every quantum company CEO to prove me wrong. This panel is a therapy session for me,” he added jokingly. But more importantly, Huang announced that Nvidia is investing in a new Boston-based research facility to accelerate quantum computing innovations. The Nvidia Accelerated Quantum Research Center (NVAQC) will focus on integrating A.I. supercomputing with quantum systems, particularly emphasizing quantum error correction—a critical hurdle in making quantum computing practical. The new center will collaborate with Harvard’s Quantum Initiative and MIT’s Engineering Quantum Systems group and quantum companies including Quantinuum, Quantum Machines and QuEra Computing.

Huang first welcomed Alan Baratz, CEO of D-Wave, with a smile and a handshake. During the panel discussion, Baratz pointed to scientific applications where quantum computing is already playing a vital role. “There are problems in the world today that classical computing, or even A.I. alone, can’t solve,” said Baratz. “Think about accurate weather forecasting or drug discovery. Quantum computing can also help A.I.

models become more power-efficient.” Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years. At Nvidia’s “Quantum Day” event, part of the company’s annual GTC Conference, Huang admitted that his comments came out wrong. “This is the first event in history where a company CEO invites all of the guests to explain why he was wrong,” Huang said. In January, Huang sent quantum computing stocks reeling when he said 15 years was “on the early side” in considering how long it would be before the technology would be useful. He said at the time that 20 years was a timeframe that “a whole bunch of us would believe.”

In his opening comments on Thursday, Huang drew comparisons between pre-revenue quantum companies and Nvidia’s early days. He said it took over 20 years for Nvidia to build out its software and hardware business. Nvidia (NVDA) chief executive Jensen Huang apologized for tanking quantum computing stocks earlier this year when he said the technology’s usefulness is still decades away — but one analyst says he’s actually right. During a Quantum Day session at the company’s annual GTC developer conference, Huang said he didn’t know there were publicly traded quantum computing companies when he made comments in January that led the stocks... “My first reaction was, I didn’t know they were public,” Huang said in remarks reported by Bloomberg. “How can a quantum company be public?”

Huang said the event, which included executives from several quantum firms as well as Amazon (AMZN) and Microsoft (MSFT), was the first “in history where a company CEO invites all of the guests to... He added that “quantum computing has the potential and all of our hopes that it will deliver extraordinary impact,” but that “the technology is insanely complicated.” Despite the damage control, Huang “was right and all he did in January was point out the obvious fact that quantum computing is very unlikely to be a major economic force for another 15... Jensen Huang delivers the keynote address during the Nvidia GTC 2025 During Thursday’s Nvidia GPU Technology Conference, CEO Jensen Huang described the company’s first-ever Quantum Day as an apology for comments he made in January that sent quantum stocks tumbling. Still, not all panel attendees were convinced of his contrition or belief in quantum technology — and the damage to their stocks was already done.

“You know, this is the first event in history where a company CEO invites all of the guests to explain why he was wrong,” Huang said at the opening of the “Quantum Computing: Where... In January, the Nvidia CEO suggested the industry is 20 years away from quantum computing being “very useful.” While the remarks echoed the sentiments of many quantum skeptics, they sent stocks in the sector... The GTC quantum panels featured three conversations between executives from up-and-coming quantum computing companies, including Quantinuum, IonQ, and SEEQC, and quantum-focused researchers from established tech giants like Microsoft and Amazon Web Services. Nvidia CEO Jensen Huang apologized for comments he made earlier this year that caused stock prices of quantum computing companies to plunge. During a panel meeting at Nvidia’s GTC conference, Huang said he was “wrong” in suggesting that quantum computers would not be useful for 15 to 30 years. Share prices for IonQ and D-Wave suffered major drops after his first statement in January before losing more than 40% value from their stock.

According to Huang, his initial comment relied on his background of constructing old-fashioned computer systems that necessitate decades to bring to life. However, he invited leaders from quantum companies like PsiQuantum and D-Wave to discuss why his timeline was off. “They can explain why I was wrong,” Huang said, calling the panel the “first event where a CEO invites guests to prove him wrong.” The discussion focused on challenges in quantum computing, such as fixing errors caused by the unstable nature of quantum particles. Companies argued that progress is faster than Huang assumed, with some aiming to build practical quantum systems within years, not decades. Huang’s New Idea Call It a “Quantum Instrument”

Even while apologizing, Huang questioned whether labeling these systems as “quantum computers” sets unfair expectations. He suggested calling them “quantum instruments” instead, as they solve specific scientific problems rather than handling everyday tasks like spreadsheets. Nvidia (NVDA) CEO Jensen Huang is doing a mea culpa. The head of the leading chipmaker says he was wrong in earlier comments he made about the future timeline of quantum computing. Huang caused controversy earlier this year when he cast doubt on whether useful quantum computers would be available within the next 15 years. Huang’s remarks, which seemed to disparage the development of quantum computers, led to a decline in the stocks of leading quantum computer companies such as Rigetti Computing (RGTI) and IonQ (IONQ).

It also led many people in the quantum computing space to clap back at Huang and outline all the reasons he was wrong about the industry. At Nvidia’s “Quantum Day” event, which is part of the company’s annual GTC developer conference, Huang admitted that his comments concerning the development of quantum computers came out wrong. “This is the first event in history where a company CEO invites all of the guests to explain why he was wrong,” said Huang to a live audience that included representatives from 12 quantum... Huang previously said that useful quantum computers were still about 20 years away, at the earliest. But now, Huang has walked back those remarks. The Nvidia CEO may have a reason to now embrace quantum technology.

As quantum computers are built, much of the research on them is done through simulators on powerful computers, like those that Nvidia sells and powers with its microchips.

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