Quantum computing stocks took a significant hit during Wednesday’s premarket trading, with shares of Quantum Computing Inc. (NASDAQ: QUBT), D-Wave Quantum (NYSE: QBTS), and Rigetti Computing (NASDAQ: RGTI) dropping by over 40%. The decline followed comments from Nvidia CEO Jensen Huang, who predicted that widespread adoption of quantum computing technology could take two decades.
Speaking during a Q&A session after Nvidia’s analyst day, Huang stated that 15 years would be an optimistic timeline, while 30 years would be on the slower end. He suggested 20 years as a realistic estimate for when quantum computing could become mainstream.
Huang’s remarks dampened recent enthusiasm around quantum computing stocks, which have seen gains in recent weeks. The comments also negatively impacted international quantum computing companies, including China-listed Accelink Technologies and QuantumCTek.
The decline came on the heels of a challenging Tuesday for the tech sector, as Nvidia’s CES 2025 hardware presentation underwhelmed some investors. Despite this, Nvidia’s stock remains up for the year, buoyed by strong performance from its partner firm Foxconn.
