Google CEO Sundar Pichai may have reflected a statement made earlier this year by Nvidia CEO Jensen Huang. Speaking at the World Government Summit in Dubai, Pichai said 10 years ago that “virtually useful” quantum computers are still five to ten years away, according to Bloomberg. Many quantum computing stocks have skyrocketed over 1,000% over the past year, but could face new pressure following his remarks.
“The quantum moment reminds us where AI in the 2010s was working on Google Brain and early advancements,” says Pichai. Google CEO also cited a recent breakthrough in Google for Quantum Chips. This allowed researchers to calculate the problem in five minutes that would make an existing supercomputer “longer than our universe exists.” “Quantum progress is clearly exciting,” he said.
What Nvidia CEO Jensen Huang said exactly
On Nvidia’s analyst day at the CES trade show in Las Vegas (USA), Nvidia CEO Jensen Huang said “very useful” quantum computers are decades away and can take 15-30 years I did. He told analysts that Quantum Computers needs one million times the number of quantum processing units known as Quabits that they currently have. The statement sent shockwaves and quantum stocks on free fall. Sales even wiped out businesses based on frenzied names. Data management company Quantum Corp won over 670% last year, but in 2025 it has dropped by around 60% so far. Quantum-Si Inc. A life sciences company that has been developing a protein sequencing platform that is almost tetrapodic in the last two months of 2024.
Governments and businesses led by the US and China have pledged billions of dollars to quantum computing research in the pursuit of future technology. Quantum computers dramatically increase the speed and capacity of data that can be processed, model complex systems, predict the outcomes of various scenarios more accurately, allowing you to break current encryption systems .
The Quantum Computing sector has been attracting attention after Google announced its Willow Quantum Chip breakthrough. Google said it has completed 100 Qubit chips and marked the second step of six steps in its strategy to build a quantum system with 1 million qubits. However, the technology is still primarily used in research, and there is debate about when it will be.
