Nvidia CEO Jensen Huang's recent comments highlighted the long-term promise of quantum computing despite its current nascent stage. While Boston Consulting Group forecasts an economic impact of $450 billion to $850 billion by 2040, Huang indicated that real-world applications could take 15 to 30 years to develop. His remarks resulted in a sharp decline in stock prices for quantum companies, collectively losing over $4 billion in market capitalization. Meanwhile, venture capital investments in quantum startups continue to surge, reaching $1.5 billion in 2024, fueling ongoing excitement in the sector.
Despite the potential of quantum computing, Jensen Huang suggests practical applications remain 15 to 30 years away, reflecting the industry's nascent stage.
The Boston Consulting Group projects quantum computing could create $450 billion to $850 billion in economic value by 2040, underlying its long-term potential.
Huang's comments on quantum computing led to a significant market reaction, resulting in over $4 billion loss in market capitalization for major companies.
Quantum computing startups attracted $1.5 billion in venture capital funding in 2024, signaling strong interest and investment in the industry's future despite its current limitations.
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