Quantum computing stocks are tumbling after Nvidia CEO Jensen Huang warned that the technology is a long way off.

Addressing a question from an audience member, Huang said 15 years would probably be on the "early side" and that 30 years would likely be on

Shares of Quantum Computing are on the rise as the artificial intelligence (AI) narrative continues to gain steam.

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.

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 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.