Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

Group 1 - Nvidia CEO Jensen Huang retracted his earlier comments doubting the market readiness of useful quantum computers within the next 15 years, acknowledging his previous statements were misleading [1][2] - Huang compared the current state of quantum computing companies to Nvidia's early days, noting it took over 20 years for Nvidia to develop its software and hardware business [2] - The event featured panels with representatives from 12 quantum companies, indicating a collaborative approach between Nvidia and the quantum computing industry [3] Group 2 - Nvidia is positioning itself to benefit from quantum computing, as much of the research is conducted using powerful traditional computers, which Nvidia manufactures [4] - The company announced plans to establish a research center in Boston to facilitate collaboration between quantum companies and researchers from Harvard and MIT, incorporating Nvidia's Blackwell AI servers [5] - Quantum computing, while still in its infancy, has the potential to solve complex problems that classical computers struggle with, such as code deciphering and simulations [7]