Quantum Computing Stocks Plunge After Nvidia CEO's Timeline Prediction

Jensen Huang's comments at CES 2025 suggest commercially useful quantum computing may still be decades away, triggering a sharp sell-off in the sector.

Nvidia CEO Jensen Huang stated that commercially useful quantum computing could take 15 to 30 years to develop, with 20 years being a likely estimate.
Following Huang's remarks, quantum computing stocks like Rigetti Computing, IonQ, and D-Wave Quantum saw declines of 31% to 40%.
Huang also noted that Nvidia is collaborating with nearly all quantum computing companies globally, emphasizing the company's role in advancing the technology.
Quantum computing remains a speculative sector, with experts and studies suggesting its commercial viability is still years away despite ongoing progress in qubit counts and investments.
Some analysts view the recent stock drop as a potential buying opportunity, but others caution against overestimating the timeline for breakthroughs in the field.