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Nvidia Ceo Changes Tune On Quantum Computing Sends Shares Soaring

Bonisiwe Shabane
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nvidia ceo changes tune on quantum computing sends shares soaring

What a difference five months makes. Back in January, Nvidia (NVDA) CEO Jensen Huang told the crowd at CES 2025 that quantum computing was a technology that was decades away from being ready for practical use. It sent the entire sector crashing lower. Fast-forward to yesterday, and Huang seems to be singing a different tune. Speaking at Nvidia's Paris GTC conference, the CEO said "we are within reach" of applying quantum computers “in areas that can solve some interesting problems in the coming years." In particular, Huang said "there is an inflection point happening in quantum computing" with more logical qubits being created and over time they will be better, more robust, and of higher performance than what...

The endorsement sent several quantum computing stocks soaring, with Quantum Computing (QUBT) leading the way with a 25% gain for the day. Rigetti Computing (RGTI) was up 11% and Arqit Quantum (ARQQ) was 8% higher. The sector's response was uneven, however, as both D-Wave Quantum (QBTS) and IonQ (IONQ) fell on the day, down 2% and 0.1%, respectively. Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows.

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He said he was from the IRS and I owed back taxes. He threatened jail. I was shaking. I pulled out my credit card, ready to pay to make it stop. Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong.

She previously worked at The Wall Street Journal and Bloomberg. Mustafa Yalcin / Anadolu via Getty Images Quantum computing shares are jumping in premarket trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point." Huang's comments during his keynote speech at the chipmaker’s GTC Paris developer conference mark more optimistic take by the Nvidia CEO, who said early this year that quantum computing technology is 15 to 30... “Quantum computing is reaching an inflection point,” Huang said in the speech Wednesday. “We are within reach of being able to apply quantum computing, quantum classical computing, in areas that can solve some interesting problems in the coming years.”

Earlier this year, Nvidia CEO wasn’t so bullish on quantum computing. At the time, during an analyst event at CES, he stated that “very useful quantum computers” were likely 15 to 30 years away, suggesting that 20 years was a reasonable estimate.” In fact, that very statement sent Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Quantum Computing (NASDAQ: QUBT) spiraling lower. All as Nvidia CEO Jensen Huang becomes far more bullish about quantum computing — and expects they’ll start solving real-world problems in the coming years. “We are within reach” of being able to apply quantum computers “in areas that can solve some interesting problems in the coming years,” Huang added, as quoted by CNBC. “This is a really exciting time.”

That shift comes as Nvidia itself has partnered with quantum computing companies, such as Honeywell-owned Quantinuum to build out a quantum research center. At NVIDIA’s GTC 2025 conference, CEO Jensen Huang took a surprising turn on his earlier skepticism toward quantum computing. Hosting two panels with leaders from 12 top quantum companies, including IonQ and D-Wave Quantum Inc., Huang joked about his January comments that “useful” quantum computing was 15-30 years away—a statement that previously sent... Quantum computers, unlike traditional systems, use qubits that exist in multiple states simultaneously. They’re expected to revolutionize fields like cryptography, logistics, materials science, and drug discovery. During the panels, Huang challenged the CEOs to prove him wrong, quipping, “How could a quantum computer company be public?”

Executives from companies such as Pasqal, Quantum Computing Inc., and Rigetti shared real-world use cases and emphasized quantum’s growing synergy with classical computing. Pasqal’s CEO Loïc Henriet likened quantum systems to accelerators, while IonQ’s Peter Chapman noted that future computing will involve seamless interaction between classical and quantum machines. Despite this optimism, public quantum stocks continued to struggle, reacting to lingering investor skepticism. At market close, D-Wave (QBTS) dropped 18%, Quantum Computing Inc. (QUBT) fell 11.7%, IonQ (IONQ) declined 9.3%, and Rigetti (RGTI) slipped 9.2%. Huang acknowledged the industry's rapid progress, stating, “Quantum computing is scaling a lot faster than classical computing did.” He concluded by saying that if his misjudgment brought more attention to quantum innovation, then it...

At Nvidia’s GTC Paris and VivaTech keynotes held this week, CEO Jensen Huang announced a radical shift in tone: quantum computing has reached an “inflection point.” This marks a major change from his January... Read QuantumGenie's other industry insights. Read QuantumGenie's other industry insights. Huang’s remarks coincide with a string of major quantum milestones this week: Together, these developments indicate a powerful wave of momentum and consolidation in the quantum space. Wall Street just got hit by a quantum shockwave.

On 12 June 2025, Quantum Computing Inc. Its biggest spike since December (QUBT) shocked the markets with a 25 percent stock jump. The catalyst was none other than Jensen Huang, the visionary CEO of Nvidia who caused a stir at GTC Paris by announcing that quantum computing has reached a turning point. Just a few months ago, Huang predicted quantum's prime time was 15-30 years away. Now? He’s flipping through the script, saying real-world breakthroughs are closer than ever, and hybrid systems that blend quantum and classical computing are nearly ready to tackle the world's toughest problems.

Quantum Computing Inc. has been making significant strides in advancing quantum technology. In May 2025, the company completed its Quantum Photonic Chip Foundry in Tempe, Arizona, positioning itself as a leader in scalable quantum hardware development. This facility enables the production of photonic chips, which are crucial for the development of practical quantum computers. Additionally, Quantum Computing Inc. has been expanding its partnerships with government agencies and commercial enterprises, further solidifying its position in the quantum computing ecosystem.

QUBT wasn’t alone in its surge. The ripple effect across the quantum tech space was immediate:

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