Shares of leading firms nose-dive after Nvidia’s Jensen Huang suggests a generational wait for fully functional quantum tech. We’ve been told that the future is now, but it seems it’s not quite here yet—at least not for quantum computing.

Rigetti Computing is one of the worlds forefront full-stack quantum computing companies. It specializes in superconducting qubit technology and hybrid quantum-classical systems. The company operates the industrys first dedicated quantum device manufacturing facility.

Shares of quantum-computing companies that skyrocketed in 2024 collapsed by double digits Wednesday after Nvidia CEO Jensen Huang said practical uses for quantum computing were more than a decade away.