Wave were down sharply after Nvidia’s Jensen Huang said that “very simple quantum computers” could be 20 years away.

The shares of IonQ Inc. and other companies linked to quantum computing tumbled in extended trading on Tuesday after Nvidia Corp. Chief Executive Officer Jensen Huang said “very useful” quantum computers are likely decades away.

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away. The long wait outlined by Huang for "very useful quantum computers" throws cold water on a sector that was already expected to spend millions more on the technology,

Nvidia Corp. investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker’s shares, which have plateaued since November after roaring higher for much of 2024.

Nvidia’s stock is on the upswing after its CEO, Jensen Huang, unveiled a suite of new products, services and partnerships at CES 2025

"The ChatGPT moment for general robotics is just around the corner," Nvidia CEO Jensen Huang said in his keynote speech at CES.