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

Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.

Wave fell sharply after Nvidia’s Jensen Huang said that “very simple quantum computers” could be 20 years away.

The quantum computing rally came to an abrupt end on Wednesday following comments from Nvidia CEO Jensen Huang. During a question-and-answer session with analysts, Huang put forth a more pessimistic view of the quantum computing timeline:

Throughout the current AI boom, quantum computing companies have quietly been making advancements, offering previews as to what the next phase of technology could look like. Huang

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away.

As with any Discovery Stock, investors are looking to the price and the potential of the stock, not the fundamentals. As it stands now, IonQ has the benefit of round numbered support from the $30 price. Shares recently saw support at $40 on their ascent and then resistance at $50, displaying the effect of round-numbered prices.

CEO Jensen Huang had some thoughts to share about the state of quantum computing, a forward-thinking innovation that may eventually surpass artificial intelligence (AI) in hype. While he views quantum computers as “very useful,

Quantum computing stocks took a dive Wednesday after investors' perceptions about the outlook for the sector were dramatically corrected. Valuations in the nascent space had been

Quantum computing stocks are having a tumultuous week, but one fund manager says investors should focus on the long game when it comes to the sector. Earlier this week, quantum computing stocks broadly slid after Nvidia CEO Jensen Huang said “very useful quantum computers” were decades away.