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Quantum Computing Stocks Crashed -- Here's Why

Nvidia CEO Jensen Huang poured cold water on the quantum computing revolution.

By Travis Hoium – Jan 9, 2025 at 9:30AM EST

Quantum computing stocks have been on fire over the past few months, but that all changed on Wednesday after Nvidia (NVDA 4.43%) CEO Jensen Huang said it will be 15 to 30 years before quantum computing is "very useful." In the video below, Travis Hoium shows why the drop in stocks may continue.

*Stock prices used were end-of-day prices of Jan. 8, 2025. The video was published on Jan. 8, 2025.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Nvidia. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

IonQ Stock Quote
IonQ
NYSE: IONQ
$38.30
(-6.31%)-$2.58
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$312.00
(+1.50%)+$4.62
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$176.69
(-4.43%)-$8.20
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$311.73
(+1.49%)+$4.58
Quantum Computing Stock Quote
Quantum Computing
NASDAQ: QUBT
$8.40
(-7.08%)-$0.64
D-Wave Quantum Stock Quote
D-Wave Quantum
NYSE: QBTS
$18.78
(-6.75%)-$1.36
Rigetti Computing Stock Quote
Rigetti Computing
NASDAQ: RGTI
$17.53
(-5.98%)-$1.12

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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