NVIDIA CEO has tried to help quantum companies, but this was followed by an stock sale

The CEO of Nvidia Jensen Huang spoke at the annual chips maker on Thursday, with a goal Walk in the past comments In the schedule to ensure decades for decades, necessary for useful quantum computers.

But it seems that his latest conquest in the world of quantum has an opposite effect. Despite the general change of Hanging in the melody, many major stocks in the sector fell on Thursday, with D-WAVE Tanks 18 % and How much is the challenge ETF (QTUM) 2 % decrease.

At the first “Quantity Day” event in Nafidia on Thursday, Huang said His data January about quantum There was no less than 15 years to become a useful technique, as he meant. Huang also said he was surprised by seeing his comment moving public markets, as happened in January.

“This is the first event in history as the company’s CEO calls on all guests to explain the reason for his mistake,” Huang said on Thursday.

In a support offer for this industry, join Huang by executives from many major quantum companies of the session, which is part of the annual megaacap tech Titan called GTC this week. NVIDIA announced that he was hosting this “quantitative day”. He originally helped excite a Recovery gathering For the sector in January.

Huang said in January that 15 years were “on the early side” when the date for expecting quantum computing technology will be useful, which pays a Sale In the sector. The CEO said that the expectations of 20 years are more logical.

While Huang was aiming to calm the investors who were shook before these previous comments, the Thursday event does not seem to help in the quantum stock issue.

Even companies that accepted calls to make executives join Huang on the stage have witnessed their shares. In addition to D-WAVE diving, Computing refuses and Ion Each of them fell more than 9 % on Thursday.

Nidham Quinn Bolton analyst told the clients that the hint of Huang about the quantity brand was “one of the most disputed parts” in this event. Bolton said that the CEO’s belief is that the CEO believes that quantum computing should be marketed as a special tool that works alongside classic systems instead of replacement.

Bolton said: “Jensen raised the idea that quantum computing may be in a good position, as calling the quantum system. The computer determines unrealistic expectations,” Bolton said.

NVIDIA has benefited from the appearance of quantity, as research is conducted on this type of computer through simulation devices on strong devices such as what the company sells. The company is making technology to integrate graphics processing units, known as graphics processing units, with quantum computing chips.

This week, Nafidia Declare It will build a research center in Boston where quantum companies can work with researchers at Harvard University and the Massachusetts Institute of Technology.

Huang provided positive data on the potential effect of the quantity if it can be fully achieved. But investors still doubt this sector, as the quantum ETF decreased to more than 4 % this year.

“Of course, quantum computing has the possibility and all our hopes to make an unusual effect,” Huang said during the Thursday event. “But technology is madly complicated.”

– KIF Leswing from CNBC contributed to this report.