The CEO of NVIDIA, Jensen Huang, interviews leaders of quantum IT companies at the annual conference of NVIDIA developers in San Jose, California, United States, March 20, 2025.
Stephen Nellis | Reuters
The CEO of Nvidia, Jensen Huang Come back to the comments On the chronology of the decades necessary for useful quantum computers.
But his last foray into the quantum world seemed to have the opposite effect. Despite the change of Huang public melody, several key actions in the sector released Thursday, with Wave D Tanking 18% and the ETF Quantum Defiance (Qtum) drop by 2%.
During the very first “Quantum Day” event in Nvidia on Thursday, Huang said Its January declarations on Quantum The need for at least 15 years to become useful technology has not landed as he wanted. Huang also said he was surprised to see his comment moving public procurement as he did in January.
“This is the first event in history where a CEO of a company invites all the guests to explain why he was wrong,” said Huang on Thursday.
In a demonstration of support for industry, Huang was joined by managers of several large quantum companies for a session, which is part of the annual meeting of Megacap Tech Titan called GTC on the verge of performing this week. Nvidia’s announcement that he organized this “quantum day” was originally helped to trigger a Recovery rally For the sector in January.
Huang said in January that 15 years was “on the early side” when presenting a knowledge when to expect quantum computer technology would be deemed useful, which encourages a sell in the sector. A 20 -year expectation is considered more reasonable, the CEO said.
While Huang was aimed at eating investors shaken by these previous comments, Thursday’s event did not seem to help quantum actions.
Even the companies that accepted the invitations to make the executives join Huang on stage have seen their actions drop. In addition to the D-Wave dive, Rigetti Computing And Ionq Everyone fell by more than 9% on Thursday.
D-Wave, Rigetti and Ionq, 1 day
Needham analyst N. Quinn Bolton told customers that Huang’s innuendo on the brand image of Quantum was “one of the most disputed parties” of the event. Bolton was linked to Bolton, the conviction of the CEO that quantum IT should be marketed as a special tool that works alongside conventional systems as opposed to a replacement.
“Jensen has raised the idea that quantum computer science could be poorly positioned, as a quantum system, a computer establishes unrealistic expectations,” said Bolton.
Nvidia has benefited from the rise of quantum, as research on this type of computer is done via simulators on powerful devices like what the company sells. The company works on the manufacture of technology to integrate graphic processing units – known in short as GPU – with quantum computer flea.
This week, Nvidia announcement That it would build a research center in Boston where quantum companies can work with researchers from Harvard and Massachusetts Institute of Technology.
Huang offered positive declarations around the possible impact of the quantum if it can be fully achieved. But investors still seem skeptical in the sector, the ETF Quantum Défiance drops by more than 4% this year.
“Of course, quantum computer science has the potential and all our hopes that it will have an extraordinary impact,” said Huang at Thursday’s event. “But the technology is incredibly complicated.”
– KIF Leswing from CNBC contributed to this report.