Stocks related to quantum computing, notably Rigetti Computing and IonQ, experienced significant declines after NVIDIA CEO Jensen Huang stated that practical quantum computers are still 15 to 30 years away from being viable. Huang’s comments were made during NVIDIA’s CES 2025 keynote speech, where he emphasized the ongoing challenges in developing quantum hardware capable of outperforming classical computers. Rigetti’s shares fell by over 20% following the announcement, while IonQ’s stock dropped nearly 10%. Huang remarked, ‘While we are making strides in quantum research, we are not at the point where these systems can be commercialized for practical applications.’ Analysts had previously suggested that advancements in quantum computing could revolutionize industries, but Huang’s timeline has led to skepticism among investors. The combined value of quantum computing companies has plummeted, raising concerns about the future of the sector and the urgency for companies to deliver on promises of quantum supremacy. Experts in the field are now urging for realistic projections and a greater focus on short-term milestones to regain investor confidence.
