Quantum Computing Stocks Tank As Nvidia Ceo Jensen Huang Predicts The

Bonisiwe Shabane

-Jan 2, 2026, 2:32 AM

quantum computing stocks tank as nvidia ceo jensen huang predicts the

Quantum computing stocks tanked by over 40% after Huang's statement When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Nvidia CEO Jensen Huang purportedly was responsible for tanking quantum computing stocks on Wednesday after a claim he had made about quantum computers' usefulness. Reuters reports that Jensen Huang believes quantum computer usefulness will only truly take place in 20 years, tanking several quantum computing stocks by more than 40%. According to Reuters, Jensen Huang claimed on Tuesday, "If you kind of said 15 years...

that'd probably be on the early side. 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." Jensen's statement alone caused Rigetti Computing (RGTI.O), D-Wave Quantum (QBTS.N), Quantum Computing (QUBT.O), and IonQ (IONQ.N), stock to fall more than 40%, combining for a lost market value of over $8 billion. 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 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... 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." Nvidia (NVDA) chief executive Jensen Huang doesn’t think useful quantum... Quantum computing stocks such as IonQ (IONQ) and Rigetti Computing (RGTI) fell by more than 40% Wednesday morning after Huang’s comments during Nvidia’s financial analyst day at the Consumer Electronics Show (CES). IonQ’s shares were down by about 45%, while Rigetti’s shares fell by more than 48% mid-morning. Quantum Computing (QUBT), which announced a stock offering earlier this week to raise $100 million, saw its shares fall by about 49%. D-Wave Quantum (QBTS), meanwhile, saw shares fall by around 47%.

“If you said 15 years for very useful quantum computers, that would probably be on the early side,” Huang said. “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.” The Nvidia chief said he thinks the AI chipmaker will play “a significant part” in the development of quantum... An AI-generated image illustrates the typical "chandelier" design of a quantum computer. (bpawesome/Shutterstock) Nvidia (NVDA) Chief Executive Jensen Huang's controversial remarks about quantum computing reached Rigetti Computing CEO Subodh Kulkarni via text. A frantic acquaintance in the investment community wanted to know, "What's going on?

Why is Jensen so negative about quantum computing?" Gil Luria, an analyst with D.A. Davidson, had just given another quantum computing company, IonQ, a buy rating. He was… 12/29/2025 OpenAI news often drives many AI stocks up or down. Many tech companies have a stake in OpenAI's success or... 12/29/2025 OpenAI news often drives many AI stocks up or down.... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!

Nvidia (NVDA) chief executive Jensen Huang doesn’t think useful quantum computers will be here anytime soon — and stocks are not reacting well to it. Quantum computing stocks such as IonQ (IONQ) and Rigetti Computing (RGTI) fell by more than 40% Wednesday morning after Huang’s comments during Nvidia’s financial analyst day at the Consumer Electronics Show (CES). IonQ’s shares were down by about 45%, while Rigetti’s shares fell by more than 48% mid-morning. Quantum Computing (QUBT), which announced a stock offering earlier this week to raise $100 million, saw its shares fall by about 49%. D-Wave Quantum (QBTS), meanwhile, saw shares fall by around 47%. “If you said 15 years for very useful quantum computers, that would probably be on the early side,” Huang said.

“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.” The Nvidia chief said he thinks the AI chipmaker will play “a significant part” in the development of quantum computers, and push it toward getting “there as fast as possible.” Shares of quantum computing firms took a significant hit in aftermarket trading on Tuesday, following remarks from NVIDIA CEO Jensen Huang that cast doubt on the near-term viability of the technology. Companies like IONQ, D-Wave Quantum, QuantumSi, Quantum Computing Inc., and Rigetti Computing saw stock declines ranging from 3% to 15%. This downturn came on the heels of a broader sell-off in the tech sector, which has been under pressure in recent weeks.

During an investor meeting, Huang made it clear that he views quantum computing as still being in its infancy, suggesting that it could take at least 20 years before the technology becomes genuinely useful. His comments, made in response to a question from Evercore analyst Mark Lipacis, were striking. Huang noted that if one were to estimate a timeline for practical quantum computers, 15 years might be overly optimistic, while 30 years could be too conservative. “But if you picked 20, I think a whole bunch of us would believe it,” he stated, underscoring the uncertainty surrounding the timeline for quantum advancements. The skepticism from Huang is not without merit. Quantum computing, which leverages the principles of quantum mechanics to tackle complex computational problems, faces numerous physical challenges.

The intricacies of manipulating quantum phenomena are daunting, and Huang emphasized that quantum technology cannot address every problem. He pointed out that classical computing remains essential for error correction, a process that is vital for quantum systems to function effectively. This interdependence highlights a significant hurdle: quantum computing cannot yet operate independently of classical systems, limiting its immediate applicability. Despite Huang’s cautious outlook, advocates of quantum computing continue to champion its potential as a transformative force in the tech landscape. Recent announcements, such as Google’s claim of overcoming a pivotal challenge with a new quantum chip, have sparked excitement. However, even with such advancements, experts agree that practical implementation is still years away.

The gap between theoretical breakthroughs and real-world applications remains a chasm that the industry must navigate. The reaction of the market reflects a broader sentiment of uncertainty surrounding the future of quantum computing. Investors, already jittery from a tech sector slump, appear to be recalibrating their expectations based on Huang’s comments. The reality is that while quantum computing holds promise, the path to practical utility is fraught with challenges that are not easily surmountable.

Quantum Computing Stocks Tank As Nvidia Ceo Jensen Huang Predicts The

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