Nvidia CEO Says Quantum Computing Reaches Key Milestone as Stocks Jump

TLDR

Table of Contents

Nvidia CEO Jensen Huang said quantum computing is reaching an “inflection point” and solving real problems is “within reach” in coming years
Quantum stocks surged with Quantum Computing up 32%, Rigetti up 17%, and IonQ up 7% following Huang’s comments
This marks a reversal from Huang’s January statement that useful quantum computers were 20 years away
IBM announced plans to build the world’s first error-free large-scale quantum computer by 2029
Nvidia is positioning itself in quantum through its CUDA-Q platform and partnerships with quantum companies

Quantum computing stocks jumped Wednesday after Nvidia CEO Jensen Huang made positive comments about the technology at the company’s GTC Paris conference. His remarks represent a major shift from his previous timeline predictions.

Jensen Huang says quantum computing is hitting an inflection point — logical qubits are finally scaling fast
Moore’s law–style explosion:
"i could expect 10x more every 5 years, 100x every 10"
Quantum-classical computing is now within reach for solving some interesting… pic.twitter.com/DwRxkdPLCl
— Haider. (@slow_developer) June 11, 2025

Quantum Computing saw its stock rise more than 32% in morning trading. Rigetti Computing climbed over 17% while IonQ gained 7% as investors reacted to Huang’s updated outlook.

Huang told the conference audience that quantum computing is reaching an “inflection point.” He said the technology is “within reach” for solving interesting problems in the coming years.

The comments mark a sharp change from Huang’s previous stance on quantum computing timelines. In January, the Nvidia CEO told Wall Street analysts that useful quantum computers were likely two decades away.

Those earlier comments had sent quantum stocks falling at the time. Huang later walked back those remarks before making his latest positive assessment.

IBM Announces Major Quantum Computing Plans

Huang’s comments came one day after IBM made a major quantum computing announcement. The tech giant said it plans to build the world’s first large-scale quantum computer that can operate without errors.

IBM’s quantum computer is scheduled to launch by 2029. Current quantum computers face challenges with errors that limit their practical use.

Quantum computers work differently from traditional computers and AI systems. They use quantum mechanics and advanced mathematics instead of linear algebra.

This allows quantum computers to have much greater processing power for certain types of problems. The technology shows promise for cybersecurity, cryptography, and chemistry applications.

Major Tech Companies Push Into Quantum

Other major technology companies are also advancing their quantum computing efforts. Google, Amazon, and Microsoft have all announced quantum computing projects.

Amazon and Microsoft revealed two quantum chips in February. Google released its Willow quantum computing chip in December 2024.

Google said the Willow chip “paves the way to a useful, large-scale quantum computer.” The company positioned the technology as a step toward practical quantum applications.

Nvidia has also expanded its quantum computing involvement beyond just making supportive comments. The company hosted its first “Quantum Day” event in March 2025.

Nvidia announced plans to build a quantum research center in Boston. The company has developed CUDA-Q, a platform that combines quantum and traditional computing.

The chipmaker has formed partnerships with quantum companies including Quantinuum. Nvidia is working to position itself across multiple aspects of quantum computing development.

IonQ recently acquired Oxford Ionics for over $1 billion, showing increased merger activity in the quantum sector. Wall Street analysts maintain a “Strong Buy” rating on Nvidia stock with an average price target of $172.36.

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