In January 2025, Jensen Huang caused quantum computing stocks to crash after saying he believed quantum technology wouldn’t be very useful for the next 15 to 30 years.
Huang is now making amends by launching Nvidia’s first Quantum Day, where he’s moderating a panel with CEOs from some of the same quantum computing companies whose stocks plummeted.
In his opening speech, Huang said he never intended to trigger a crash with his remarks — in fact, he had no idea there were public quantum companies to begin with.
“When I made that comment, apparently the whole industry’s stock went down 60%,” he said. “And my first reaction was, ‘I didn’t know they were public!’ How could a quantum computer company be public? I discovered they were public companies — I’m very happy for them.”
Huang added that he thinks quantum computing holds “extraordinary” promise and noted that Nvidia was built on a similarly long timeline of decades of research and development. This week, Nvidia announced that it plans to build a new center in Boston to advance the development of quantum computing architectures and algorithms.
