Quantum stocks like Rigetti plunge after Nvidia’s Huang says the computers are 15 to 30 years away [Video]

Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are many years away.

“If you said 15 years for very useful quantum computers, that would probably be on the early side,” he said during Nvidia’s analyst day. “If you said 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.”

Huang said he believes Nvidia will play a “very significant part” in creating the computers and helping the industry “get there as fast as possible.”

Rigetti falls on comments for Nvidia CEO Jensen Huang

Stocks tied to quantum computing tumbled on the heels of the comments, with Rigetti Computing plunging 40%, while IonQ shed 37%. D-Wave Quantum dropped more than 30%, while the Defiance …