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Briefing

Nvidia’s Huang says he didn’t mean to send quantum stocks tumbling

At the chipmaker’s conference Thursday, CEO Jensen Huang said he hadn’t realized some quantum computing firms were publicly traded when he said in January the technology would take up to 30 years to produce “very useful” machines. That’s a timeline he’s comfortable with, he said. (The Wall Street Journal)

Briefing

Nvidia’s Huang says he didn’t mean to send quantum stocks tumbling

By Murad Hemmadi
Mar 21, 2025
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At the chipmaker’s conference Thursday, CEO Jensen Huang said he hadn’t realized some quantum computing firms were publicly traded when he said in January the technology would take up to 30 years to produce “very useful” machines. That’s a timeline he’s comfortable with, he said. (The Wall Street Journal)

Talking point: Two months ago, the share prices of some quantum computing firms halved after Huang’s comments dampened a period of exuberant trading for the sector. Claims of major hardware and testing breakthroughs in the field have since helped reverse some of those declines. But Huang didn’t revise his timeline on Thursday, instead asking the 12 quantum computing executives assembled, which included the CEO of British Columbia-founded D-Wave, on stage to explain their technology. He also suggested rebranding their machines as scientific instruments that will work with classical computers, rather than replace them. Shares of D-Wave fell 18 per cent in Thursday trading.

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