The quantum computing rally came to an abrupt end on Wednesday following comments from Nvidia CEO Jensen Huang. During a question-and-answer session with analysts, Huang put forth a more pessimistic view of the quantum computing timeline:

On Monday at CES, the company unveiled Project Digits, a $3,000 personal AI supercomputer powered by a new GB10 Grace Blackwell Superchip. Reuters reports that yesterday Nvidia CEO Jensen Huang hinted to investors and analysts that there are bigger plans for the Arm-based CPU within that chip, codeveloped with MediaTek.

Nvidia’s stock is on the upswing after its CEO, Jensen Huang, unveiled a suite of new products, services and partnerships at CES 2025.

The Nvidia boss unveiled a new AI platform at CES called Cosmos, which aims to give robots and autonomous cars endless real-world scenarios to study.

AI models that take inspiration from the mental models of the world that humans develop naturally. At CES 2025 in Las Vegas, the company announced that it is making openly available a family of world models that can predict and generate "physics-aware" videos. Nvidia is calling this family Cosmos World Foundation Models, or Cosmos WFMs for short.

The stock had risen to a new all-time high of $149.43 a share on Monday but Huang failed to deliver short-term promises to investors on the firm’s artificial intelligence and robotics

Nvidia CEO Jensen Huang used his CES 2025 keynote to unveil the company’s next generation of GPUs and declare the rise of "Agentic AI"—a shift he says will create a multi-trillion-dollar industry and redefine how people work.

Huang’s hotly anticipated speech brought mention that Micron is providing memory for new Blackwell gaming chips.

It’s a big event every year, but this year we've seen some really eye-opening news on advancements in AI, and hardware in particular.

Continued Ives, “We could go back to quarters where the stock sells off, bears come out of hibernation mode, stock goes to $100, then all of a sudden, two months later, back up to all-time highs. These knee-jerk reactions, it’s easy to get scared by them because they don’t say anything about near-term demand.”

Nvidia CEO's comments on quantum computing caused a market drop, erasing $8 billion from companies like IonQ, Rigetti, and D-Wave. Huang suggested useful quantum computing may be 15-30 years away. D-Wave's CEO disagreed,