The CEO of Nvidia tried to help quantum companies, but there was a sale of shares in shares

The CEO of Nvidia, Jensen Huang, spoke at the annual conference of chips manufacturers on Thursday, with the aim of Walking back from comments In the timeline of a decades necessary for useful quantum computers.

But his last foray into the quantum world seemed to have the opposite effect. Despite the public change of Huang’s melody, several key actions in the sector fell on Thursday, with D-whatever 18% tanking and the How much ETF challenge (Qtum) 2%drop.

In the first “Quantum Day” event of Nvidia on Thursday, Huang said Your January statements about quantum Needing at least 15 years to become useful technology did not land as he intended. Huang also said that he was surprised to see his comment move public markets as he did in January.

“This is the first event in history in which a company’s CEO invites all the guests to explain why it was wrong,” Huang said Thursday.

In a sample of support for the industry, Huang joined the executives of several important quantum firms for a session, which is part of the annual Megacap Tech Titan meeting called GTC that occurs this week. Nvidia’s announcement was organizing this “quantum day” had originally helped provoke a Recovery rally For the sector in January.

Huang said in January that 15 years was “on the early side” when it is designed when to wait for quantum computing technology to be considered useful, which caused a dairy In the sector. An expectation of 20 years is considered more reasonable, said the CEO.

While Huang was aimed at calming investors shaken by those previous comments, Thursday’s event did not seem to help the case of quantum actions.

Even the companies that accepted invitations for executives to join Huang on stage saw their actions fall. In addition to the fall of D-Wave, Computing rejects and Ionq Each fell more than 9% on Thursday.

Needham Quinn Bolton analyst told customers that Huang’s insinuation about the Quantum brand was “one of the most disputed portions” of the event. ATTENDED TO THIS, Bolton said, it was the belief of the CEO that quantum computing should be marketed as a special tool that works along with classic systems instead of a replacement.

“Jensen raised the idea that quantum computing could be poorly positioned, since calling a quantum system a computer establishes unrealistic expectations,” said Bolton.

Nvidia has benefited from the emergence of quantum, since research on this type of computer is carried out through simulators in powerful devices such as what the company sells. The company is working to do technology to integrate graphics processing units, known in summary as GPU, with chips for quantum computing.

This week, Nvidia announced that would build a research center in Boston, where quantum companies can work with Harvard researchers and the Massachusetts Institute of Technology.

Huang offered positive statements on the possible quantum effect if it can be fully performed. But investors still seem skeptical in the sector, with the ETF of quantum challenge to more than 4% this year.

“Of course, quantum computing has the potential and all our hopes that it offers an extraordinary impact,” Huang said during Thursday’s event. “But technology is incredibly complicated.”

– Kif Leswing of CNBC contributed to this report.