NVIDIA CEO Jensen Huang interviewed executives at the NVIDIA Annual Developer Conference in San Jose, California on March 20, 2025.
Stephen Nellis | Reuters
NVIDIA CEO Jensen Huang spoke at the chipmaker’s annual meeting on Thursday, aiming to Comments from the past On the decades required for useful quantum computers.
But he seems to have the opposite effect on the latest enterprises in the quantum world. Despite public changes to the yellow tune, several major stocks in the industry fell on Thursday, with D wave Tank 18% How much resistance ETF (QTUM) 2% decrease.
Huang said His January statement about quantum It would take at least 15 years to become a useful technology and didn’t land as he expected. Huang also said he was surprised to see his comments move the public market, just like in January.
“This is the first event in history, and the company’s CEO invited all guests to explain why he was wrong,” Huang said on Thursday.
To support the industry, Huang joined executives from several large quantum companies to attend a meeting, as part of the annual Megacap Tech Titan party called GTC happening this week. NVIDIA announces that it will host this “Quantum Day” initially helps inspire Resuming the rally For the industry in January.
Huang said January that 15 years were the “early” and when did quantum computing technology be seen as useful, prompting Sell in this department. The CEO said the expectation was considered more reasonable for 20 years.
While Huang’s goal is to soothe investors’ shocked by previous comments, Thursday’s activity doesn’t seem to help Quantum stocks.
Even when accepting invitations to get executives to join Huang’s company, their shares have dropped. In addition to the D-Wave plunge, Calculate rejection and ionq It fell by more than 9% each Thursday.
D-Wave, Rigetti and Ionq, 1 day
Needham analyst Quinn Bolton told clients that Huang’s hints about the Quantum brand were “one of the most controversial parts” of the campaign. Relatedly, Bolton said, the CEO’s belief is that quantum computing should be sold as a special tool to be used with classical systems rather than replacement.
“Jensen proposed the idea that quantum computing could be in poor position because quantum systems say computers set unrealistic expectations,” Bolton said.
NVIDIA has benefited from the rise of quantum because research on such computers is done through simulators conducted on powerful devices such as company sales. The company is working on developing technologies to combine graphics processing units (called GPUs for short) with chips used for quantum computing.
This week, NVIDIA Announce It will establish a research center in Boston where Quantum can work with researchers at Harvard University and Massachusetts Institute of Technology.
If quantum can be fully realized, Huang provides a positive statement around the possible effects of quantum. But investors remain skeptical of the industry, with quantum revolt ETFs lowering more than 4% this year.
“Of course, quantum computing has our potential and all the hope, and it will have a huge impact,” Huang said at an event on Thursday. “But this technology is very complex.”
– Kif Leswing of CNBC contributed to this report.
