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Tom’s Hardware
Tom’s Hardware
Technology
Aaron Klotz

Quantum computing stocks tank as Nvidia CEO Jensen Huang predicts the tech won't be viable for another 20 years — stocks fell more than 40% for a total market value loss of over $8 billion

Nvidia Blackwell and GTC 2024.

Nvidia CEO Jensen Huang purportedly was responsible for tanking quantum computing stocks on Wednesday after a claim he had made about quantum computers' usefulness. Reuters reports that Jensen Huang believes quantum computer usefulness will only truly take place in 20 years, tanking several quantum computing stocks by more than 40%.

According to Reuters, Jensen Huang claimed on Tuesday, "If you kind of said 15 years... that'd probably be on the early side. If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it."

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