A 20-year timeline may be realistic for the widespread adoption of quantum computing technology, Jensen Huang said
Shares of quantum computing stocks including Quantum Computing Inc. (NASDAQ:QUBT), D-Wave Quantum (NYSE:QBTS) and Rigetti Computing (NASDAQ:RGTI) crashed by more than 20% on Wednesday’s premarket hours after NVIDIA (NASDAQ:NVDA) CEO Jensen Huang predicted a prolonged timeline for the rollout of quantum computing technology.
During a question-and-answer session following NVIDIA’s analyst day, Huang specified his timeline for the widespread onset of quantum computing technology, arguing that 15 years “would probably be on the very early side”.
“If you said 30, it’s probably on the late side,” Huang added. “If you picked 20, I think a whole bunch of us would believe it.”
Though quantum computing stocks have risen overall in recent weeks, Huang’s comments negatively impacted American and China-listed stocks in the sector, such as Accelink Technologies and QuantumCTek.
These events occurred after a rough Tuesday for tech stocks as NVIDIA’s CES 2025 technology hardware presentation disappointed some investors.
NVIDIA stock is up overall since the turn of the year though, having recently soared following strong results from partner firm Foxconn.
Analysis: Put quantum computing stocks in perspective
While quantum computing stocks will likely end Wednesday’s trading session in the red, long-term investors should consider this.
Per Google Finance, through the close of the markets on Tuesday, Quantum Computing Inc. stock gained a whopping 1,887.5% during the past 12 months. In that same time frame, D-Wave Quantum stock soared 985.23%, while Rigetti Computing stock rallied 1,513.16%.
Thus, extending one’s look-back period can add a sense of perspective when sharp single-day drawdowns occur. After all, a 20%+ pullback isn’t out of the question after a 1,000%+ melt-up.
Huang also acknowledged that while there will be “very useful quantum computers”, this might not happen in a year or a decade.
So, investors who truly believe in the future of quantum computing might consider being patient and sitting on their share positions for a while. If you have some capital that you won’t need for 20 years or so, quantum computing stocks may be a worthwhile buy-and-hold investment regardless of whether it’s the “next AI” or not.
