Shares of leading firms nose-dive after Nvidia’s Jensen Huang suggests a generational wait for fully functional quantum tech. We’ve been told that the future is now, but it seems it’s not quite here yet—at least not for quantum computing.

CEO Jensen Huang lit the entire quantum computing sector on fire last night after saying the technology won't be "very useful" for at least 15 years and maybe as many as 30 years. He may as well have poured gasoline on the industry and thrown in a lit match.

Shares of quantum-computing companies that skyrocketed in 2024 collapsed by double digits Wednesday after Nvidia CEO Jensen Huang said practical uses for quantum computing were more than a decade away.

We recently compiled a list of the 10 Best Quantum Computing Stocks to Buy for 2025. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against the other quantum computing stocks.

CEO Jensen Huang delivered a keynote speech at CES 2025, where h reminded the audience that Nvidia has opportunities beyond generative AI. Nvidia products address every layer of the autonomous vehicle computing stack,

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

The carnage in quantum computing stocks Wednesday saw shares of Rigetti Computing (NASDAQ:RGTI), Quantum Computing (NASDAQ:QUBT), and IonQ (NASDAQ:IONQ) plunge 40% or more. Comments made by Nvidia (NASDAQ:NVDA) CEO Jensen Huang that the sector won't see viability for another two decades gutted these former high-flying stocks.

Quantum computing stocks have soared over the past few months. Nvidia CEO Jensen Huang recently commented that the technology is likely still decades away from being useful, sending quantum computing stocks plunging.