Nvidia CEO's Warning on Quantum Computing Sends Stocks Plummeting

USUnited States|

During a recent Q&A session at the Consumer Electronics Show in Las Vegas, Nvidia CEO Jensen Huang issued a stark warning about the future of quantum computing, declaring that practical quantum computing applications are still at least two decades away. His comments came shortly after Alphabet introduced its new quantum chip, Willow, which had generated significant excitement in the investment community.

The announcement of the Willow chip had previously resulted in a surge of interest and prices among quantum computing stocks. However, Huang's prediction caused a dramatic sell-off as investors reacted to the long timeline, fearing that their investments would remain dormant for too long.

Despite Huang's caution, not all leaders in the quantum field share his outlook. D-Wave Quantum CEO Alan Baratz disagreed, arguing that while gate-based quantum computing may take time to become truly useful, his company's annealing approach is already deployable. Nevertheless, D-Wave reported a significant drop in revenue in the past year, suggesting challenges in the sector.

As the market reassesses its investments in quantum technology, experts suggest that investors may want to consider more stable options, such as stocks in companies like Alphabet, that offer a blend of existing businesses alongside quantum computing ventures, rather than relying solely on high-risk pure-play quantum firms.

Weekly Newsletter

Loading...

More from United States

Cuts to USAID Spark Concerns Over Mpox Crisis in Africa

As the Trump administration dismantles the U.S. Agency for International Development (USAID), global health experts warn of a heightened risk of a widespread mpox outbreak. According to Stephen Morse, a Columbia University epidemiology professor, “It’s a real mistake not to be doing everything we can to control this while we’re still able to.” The World Health Organization declared mpox, previously known as monkeypox, a public health emergency of international concern in August 2022, as cases surged in the Democratic Republic of Congo (DRC) and surrounding regions. Despite USAID contributing $55 million for emergency assistance, aid workers report that much of this funding is now frozen under new directives aimed at reducing humanitarian aid. A USAID employee remarked, “Everybody’s lost right now,” as the agency's ability to respond effectively has been severely compromised. Experts caution that cutting off resources not only jeopardizes containment efforts in Africa but increases the likelihood of mpox spreading globally, including to the U.S. Amid ongoing court battles and abrupt evacuations of personnel from the DRC, the future of USAID’s involvement in global health remains uncertain.
USUnited States

Trump Calls Zelensky a "Dictator" Amid Renewed Ukraine-Russia Tensions

U.S. President Donald Trump stated on February 20, 2025, that Russia "has the cards" in negotiations regarding the ongoing conflict in Ukraine. This comment came as Trump criticized Ukrainian President Volodyr Zelensky, labeling him a "dictator" for allegedly refusing to hold elections. The remarks were made following the initial round of U.S.-Russia talks held in Riyadh on February 18, which were conducted without Ukrainian representatives, according to reports. In a related development, the Ukrainian government dismissed claims made by President Vladimir Putin that Russian troops had entered the Sumy region, calling it a "lie." This assertion follows Putin’s suggestion of a potential ground attack from the Kursk border, the first mention of such an offensive since Russian forces retreated from the area in 2022. The ongoing hostilities have prompted Ukraine to engage in discussions about "security guarantees" with NATO, highlighting the complex geopolitical landscape surrounding the conflict.
USUnited States

Bill Gates Warns of Major Risks Facing Future Generations

Bill Gates has identified several pressing global issues that he believes will challenge the next generation, including nuclear war, bioterrorism, the implications of artificial intelligence (AI), and climate change. During a conversation at the Computer History Museum, Gates stated, "The younger generation has to be very afraid of those things" (according to Gates’ comments). He expressed concerns about polarization in society, suggesting that it complicates responses to these threats. Despite these challenges, Gates remains optimistic about future advancements. He noted that progress in areas like healthcare and education will lead to a world that is "so much better off," referencing significant strides against diseases such as HIV and malaria. Gates cautioned that as attention increases towards these critical issues, there might be a tendency to exaggerate their impacts to galvanize action. Additionally, the tech mogul expressed alarm over funding freezes affecting U.S. aid programs, claiming it could result in millions of lost lives without proper interventions, particularly concerning initiatives like PEPFAR, which has saved millions from HIV/AIDS (PBS report).
USUnited States