Nvidia CEO Jensen Huang just tanked quantum-computing stocks after saying their most exciting developments are more than a decade away

Jensen Huang stands on a stage wearing his trademark black leather jacket (Credit: Artur Widak / NurPhoto—Getty Images)

• 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. 

A handful of quantum computing stocks have skyrocketed as some paint the technology as the next big technological innovation, but Nvidia CEO Jensen Huang warned analysts that any practical applications are still many years away.