Quantum computing stocks plunge after Nvidia CEO's comments - Breaking The News

Quantum computing stocks plunge after Nvidia CEO's comments

8 January

1 min read

EPA-EFE / RITCHIE B. TONGO

Shares of quantum-computing firms plummeted Wednesday following Nvidia CEO Jensen Huang's remarks that practical quantum computing is likely 20 years away.

Huang's comments, made during CES 2025, suggested that even "very simple quantum computers" would take over a decade to materialize, dampening investor enthusiasm.

At 10:03 am ET, Rigetti Computing dropped 41%, Quantum Computing Inc fell 42%, IonQ Inc declined 36%, and D-Wave Quantum tumbled 41%.

nvidia huang quantum computing

Trump touts Nvidia, Apple massive investments in US

14 hours ago

United States President Donald Trump has proclaimed April 2nd as "Liberation Day" for the cpuntry, signaling what he describes as a new era of economic revival.Citing massive investments by tech giants like Nvidia and Apple, Trump celebrated what he sees as the return of American industrial strength. "Companies are pouring hundreds of billions into our economy," he said, promising that car manufacturers will continue to build in America again as the...

Nvidia pledges billions in US chipmaking over 4 years

20 March

Nvidia Corp. CEO Jensen Huang told the Financial Times that the tech giant plans to invest hundreds of billions in chips and other electronics made in the United States over the next four years. "Overall, we will procure, over the course of the next four years, probably half a trillion dollars worth of electronics in total," Huang said. "And I think we can easily see ourselves manufacturing several hundred billion of it here in the US," he added. Huang said the company...

Nvidia CEO: No big tariff impact in short term

19 March

Nvidia Corp. CEO Jensen Huang said on Wednesday that the impact of tariffs imposed by the United States on a range of imports "won't be meaningful" in the short term. He told CNBC that Nvidia is "enthusiastic about building in America.""We’ve been working with TSMC to get them ready for manufacturing chips here in the United States. We also have great partners like Foxconn and Wistron, who are working with us to bring manufacturing onshore, so...

Supermicro debuts AI server using Nvidia chip

19 March

Super Micro Computer Inc. introduced on Wednesday a new optimized Petascale storage server for high-performance energy-efficient AI storage workloads leveraging NVIDIA's Grace CPU Superchip."We have developed the Petascale storage server using the NVIDIA Grace CPU with 144 Arm Neoverse V2 cores enabling high-performance I/O for software-defined storage workloads," president and CEO of Supermicro Charles Liang noted.The server offers the...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.