Quantum computing stocks were red-hot recently, but Jensen Huang just offered optimistic investors a reality check.

Jensen Huang’s comments at last week’s CES about quantum computing being decades away stirred up discussion within the quantum industry.

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

Huang’s statements resulted in many quantum computing stocks, some of which experts have been bullish on, descending into a free fall. These included Quantum Computing, ( QUBT) D-Wave Systems ( QBTS) , and Rigetti Computing ( RGTI) .

At the CES 2025, Nvidia CEO Jensen Huang claimed useful Quantum Computing was at least 15 years away. This caused the stock prices of many quantum computing stocks to crash considerably.

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

Quantum computing has suddenly become a buzzword on Wall Street. Ever since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported that it hit a new milestone with Willow, its new quantum chip, quantum stocks have been soaring.