Nvidia CEO Jensen Huang speaks with the press during the launch of the supercomputer Gefion at Vilhelm Lauritzen Terminal in Kastrup, Denmark, on Oct. 23, 2024."If you said 15 years for very useful quantum computers, that would probably be on the early side," he said during Nvidia's analyst day. "If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.
Huang said he believes Nvidia will play a "very significant part" in creating the computers and helping the industry "get there as fast as possible."The excitement boosted shares into year-end, with Rigetti and D-Wave rallying 1,449% and 854%, respectively. Supporters of quantum computing say it will be able to perform computing tasks regular computers are unable to do, and process far larger volumes of data.Wall Street analysts see big gains for these Warren Buffett-owned stocks in 2025Morgan Stanley says rising rates are threatening the bull market so ride it out in these quality stocks