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Nvidia Nvda Ceo Says He Was Wrong About Timeline For Quantum

Bonisiwe Shabane
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nvidia nvda ceo says he was wrong about timeline for quantum

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. D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked on Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but that those computers would need 1 million times the number of quantum processing units, called qubits, than they currently... Getting “very useful quantum computers” to market could take 15 to 30 years, Huang told analysts. Huang’s remarks sent stocks in the nascent industry slumping, with D-Wave plunging 36% on Wednesday.

“The reason he’s wrong is that we at D-Wave are commercial today,” Baratz told CNBC’s Deidre Bosa on “The Exchange.” Baratz said companies including Mastercard and Japan’s NTT Docomo “are using our quantum computers... 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... 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 CEO Jensen Huang admits he missed the mark on quantum computing's future. He backpedaled comments he made in January, when he said “useful” applications for the technology are 20 years away. His remarks at the time sent quantum computing stocks tumbling.

But during Nvidia’s “Quantum Day” event on Thursday, Huang revised his projected timeline and said “this is the first event in history where a company CEO invites all of the guests to explain why... Jensen Huang just revised his stance on the quantum computing timeline, even acknowledging that a quantum company could one day surpass NVIDIA. Rather than backtracking, he embraced the industry’s momentum, reinforcing NVIDIA’s commitment to the quantum future. A rare and refreshing moment of leadership. Read the CNBC article here: https://lnkd.in/dQdp7s-9 And check out my original take on NVIDIA’s quiet quantum strategy below. #NVIDIA #Quantum #Leadership #CUDAQ

NVIDIA has mastered the art of quiet innovation, shaping industries from AI to quantum computing with calculated moves and strategic partnerships. Discover how their behind-the-scenes leadership is building the future of technology. #Innovation #QuantumComputing #AI #Blockchain #TechLeadership Admitting 'I was wrong,' NVIDIA CEO Jensen Huang's recent apology at GTC 2025 underscores the rapid advancements in quantum computing. His January remarks predicting useful quantum computers were decades away led to significant stock sell-offs for companies like Rigetti, IonQ, and D-Wave. At GTC, Huang acknowledged his misjudgment and invited leaders from these firms to discuss their progress.

He emphasized rethinking quantum computers as scientific instruments and highlighted the potential of hybrid systems combining quantum and classical computing. Despite his apology, quantum computing stocks continued to decline, reflecting ongoing market skepticism. This episode reminds us of the importance of staying informed and adaptable in the face of technological evolution. #quantumcomputing #nvidia #jensenhuang I am an analyst & digital transformation expert & experienced manager 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. 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. In January, Nvidia cofounder and CEO Jensen Huang threw some cold water on everyone’s expectations of an imminent quantum computing revolution. Huang told analysts that he thought “useful quantum computers” were 15 to 30 years away. That statement threw quantum computing stocks like D-Wave Quantum, Quantum Computing, IonQ, and Rigetti Computing reeling, with double-digit declines. At Nvidia’s GTC 2025 event, Huang tried to make amends for his remark, hosting a panel with quantum computing executives. CNBC reported he didn’t realize that there were publicly traded quantum computing companies.

Huang said, “How could a quantum computer company be public?” In Huang’s jargon-filled keynote, he also announced the “Nvidia Accelerated Quantum Research Center,” which will be built in Boston.

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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 CEO Jensen Huang admits he missed the mark on quantum computing's future. He backpedaled...