University of Kwazulu-Natal

Nvidia Ceo Predicts 15 30 Year Wait For Useful Quan Deepnewz

Bonisiwe Shabane
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nvidia ceo predicts 15 30 year wait for useful quan deepnewz

"We are (just) a year and a half into reinvention of computing. We have a lot of growth to go." #NVDA All the employees at these quantum computing companies are selling stock as fast as their trading windows allow. They are SO far from commercially viable. Reminds me of this Simpsons scene: “Very useful quantum computers are still a few decades away,” Nvidia CEO Jensen Huang said during a keynote presentation at the 2025 Consumer Electronics Show (CES) in Las Vegas last week.

His comment sent shockwaves through the quantum computing industry, with shares of leading companies like Rigetti Computing, D-Wave Quantum and IonQ plummeting between 30 and 50 percent. These companies’ CEOs were quick to defend their industry in a bid to win back investor confidence. 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. “Jensen Huang has a misunderstanding of quantum. He is ‘dead wrong’ about D-Wave,” Alan Baratz, CEO of D-Wave Quantum, which develops quantum computing systems, told Observer.

“There is more than one approach to building a quantum computer. Our (D-Wave) systems are performing scientific computations on important problems that are not solvable by even massively parallel GPU systems.” D-Wave uses quantum annealing, an approach that excels in solving specific computational optimization problems. This method is particularly useful for materials simulation, scheduling and logistics applications. “Commercial quantum computing is already here,” Baratz added. For example, Canada-based Pattison Food Group reduced an 80-hour scheduling task to 15 hours using D-Wave’s technology. Another client, NTT DOCOMO, Japan’s largest telecom provider, slashed the time to optimize network resources from 27 hours to just 40 seconds.

Quantum computing CEOs are also talking up their companies’ revenue and profit prospects. D-Wave estimated its 2024 sales jumped 120 percent from the previous year. IonQ, which makes quantum computers, predicts it will turn a profit on more than $1 billion in sales by 2030, CEO Peter Chapman wrote in a blog post on Jan. 10. Quantum computing relies on qubits—units of data that can exist in multiple states at once—and holds the potential to quickly solve calculations that would take even supercomputers a thousand years. Exciting recent developments include Google’s Willow chip, which solved a random circuit sampling (RCS) benchmark problem in just five minutes.

RCS, one of the most challenging benchmarks for quantum computers, would take today’s fastest supercomputer 10 septillion years (1 followed by 24 zeros) to solve, Google claims. Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away. "If you said 15 years for very useful quantum computers, that would probably be on the early side," he said during Nvidia's analyst day. "If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it." Huang said he believes Nvidia will play a "very significant part" in creating the computers and helping the industry "get there as fast as possible."

Stocks tied to quantum computing tumbled on the heels of the comments, with Rigetti Computing plunging 40%, while IonQ shed 37%. D-Wave Quantum dropped more than 30%, while the Defiance Quantum & AI ETF fell 4%. Quantum Computing, which announced a stock offering to raise $100 million, sank 37%. "As valuations have become a bit lofty, we're not surprised by today's correction," said AXS Investments CEO Greg Bassuk, calling the reaction somewhat "overblown." Quantum computing stocks IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS) and Quantum Computing (QUBT) plunged Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the technology won't be "very useful" for 15-30 years. "If you kind of said 15 years for very useful quantum computers, that would probably be on the early side.

If you said 30, it's probably… 12/31/2025 Axsome's market cap has grown to $9.1 billion. 12/31/2025 Axsome's market cap has grown to $9.1 billion. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. Why are useful quantum computers 15-to-30 years away?

I just wonder if this prediction might be a bit optimistic. My personal view being with different aspects: When Nvidia CEO stated so, he likely meant that it will take decades before quantum computers achieve a level of performance, error correction (self-resilience), reliability, and scalability to solve practical, real-world problems that classical... To the best of my knowledge, here’s how one may understand the statement: A. “Useful Quantum Computers”, current Status:

Nvidia CEO Jensen Huang says useful quantum computers are still 15 to 30 years away. The technology is still be researched, but is believed to have the potential to transform computing. Quantum computing stocks have taken a significant hit following Nvidia CEO Jensen Huang's remarks that 'very useful' quantum computers are still 15 to 30 years away from being practical. Huang's statement, made during an analyst meeting, caused stocks of key players in the sector, including IonQ, Rigetti Computing, and D-Wave Quantum, to plunge by nearly 50%. Despite previous optimism fueled by Google’s recent advancements with its Willow chip, which demonstrated rapid computational capabilities, investors are now reassessing their expectations for the technology's timeline. Huang underscored the substantial challenges that remain in developing stable and scalable quantum systems, suggesting that classical computing will continue to play a vital role in the interim.

The downturn reflects a broader caution in the market, erasing over $2 billion in market capitalization for the quantum computing sector. Nvidia remains committed to being a major player in advancing quantum technology despite the bleak forecast. Analyze and predict thedevelopment of events Get the latest news, exclusive insights, and curated content delivered straight to your inbox. The perfect gift for understanding news from all angles. Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

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His comment sent shockwaves through the quantum computing industry, with shares of leading companies like Rigetti Computing, D-Wave Quantum and IonQ plummeting between 30 and 50 percent. These companies’ CEOs were quick to defend their industry in a bid to win back investor confidence. By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledg...

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