Quantum computing stocks tumble after Nvidia CEO says "very useful" quantum computers are 20 years away

Nvidia CEO Jensen Huang's comments affect quantum computing stocks, foreseeing functional quantum computers in 20 years.

: Jensen Huang, Nvidia CEO, stated that fully useful quantum computers are about 20 years away, impacting related stocks. D-Wave Quantum, Rigetti Computing, IonQ, and Quantum Computing Inc. saw sharp stock declines after Huang's remarks at CES. Huang noted classical computers are needed for quantum error correction, aligning Nvidia for potential industry growth. Meanwhile, Nvidia's stock has increased over recent years, benefiting from its AI developments.

Nvidia CEO Jensen Huang's comments at CES about the timeline for 'very useful' quantum computers led to significant declines in quantum computing stocks. He estimated that practical quantum technology is likely 20 years away, impacting companies like D-Wave Quantum, Rigetti Computing, IonQ, and Quantum Computing Inc.

Huang suggested a range of 15 to 30 years for this technological maturity, emphasizing that Nvidia already plays a crucial role in quantum computing. He highlighted the necessity of high-speed classical computers for quantum error correction, indicating that Nvidia is well-placed regardless of quantum progress timing.

The remarks spurred speculation about Nvidia’s focus on AI, further enhanced by Huang's assertion that Nvidia’s AI chips outpace Moore’s Law. Despite quantum setbacks, Nvidia's stock has risen, reflecting continued AI success and strategic positioning in both fields.

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