How Nvidia CEO Jensen Huang's one comment cost quantum computing companies almost $8 billion

  • Posted on January 10, 2025
  • By Business News Today
  • 2 Views
How Nvidia CEO Jensen Huang's one comment cost quantum computing companies almost $8 billion

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, stating their technology is commercially viable now. Google's recent 100-qubit chip breakthrough also adds interest despite market volatility.
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