D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.

Shares of quantum-computing companies that skyrocketed in 2024 collapsed by double digits Wednesday after Nvidia CEO Jensen Huang said practical uses for quantum computing were more than a decade away.

CEO Jensen Huang speaks, best believe investors listen. And traders that have been speculating in the red-hot quantum computing stock space are listening to what Huang just said at CES - and they aren’t liking it one bit.

The quantum computing rally came to an abrupt end on Wednesday following comments from Nvidia CEO Jensen Huang. During a question-and-answer session with analysts, Huang put forth a more pessimistic view of the quantum computing timeline:

Nvidia CEO's comments on quantum computing caused a market drop, erasing $8 billion from companies like IonQ, Rigetti, and D-Wave. Huang suggested useful quantum computing may be 15-30 years away. D-Wave's CEO disagreed,

Nvidia's Jensen Huang suggests quantum computers won't make a big impact in the near future, so we'll likely have to wait until 2045.

Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected. Valuations in the nascent space had been

CEO Jensen Huang had some thoughts to share about the state of quantum computing, a forward-thinking innovation that may eventually surpass artificial intelligence (AI) in hype. While he views quantum computers as “very useful,

Rigetti Computing's quantum computing potential is distant. Find out why RGTI stock faces significant dilution and speculative risks in the near term.

Nvidia (NASDAQ: NVDA) has offered investors good news on many occasions in recent years. From reports of record revenue and high demand for its new products to an invitation last year to join the Dow Jones Industrial Average,