Quantum computing stocks are tumbling this morning after Nvidia (NVDA) CEO Jensen Huang contended yesterday that the technology would not be “very useful” for decades. Among the widely held names in the sector diving more than 30% are Rigetti Computing (RGTI),

The long wait outlined by Huang for "very useful quantum computers" throws cold water on a sector that was already expected to spend millions more on the technology, which can only perform niche calculations so far.

Chipmaker Nvidia shares surge after founder Jensen Huang unveils next generation of AI for gamers at CES 2025.

In a packed Las Vegas arena, Nvidia founder Jensen Huang stood on stage and marveled over the crisp real-time computer graphics displayed on the screen behind him. He watched as a dark-haired woman walked through ornate gilded double doors and took in the rays of light that poured in through stained glass windows.