CEO Alan Baratz wants to correct the record after comments from Nvidia boss Jensen Huang appeared to dramatically impact share prices for D-Wave and other companies. Nvidia CEO Jensen Huang may have thrown cold water on the quantum computing sector this week,

Nvidia CEO Jensen Huang claims quantum computing is decades away, but is it really? The quantum era isn’t decades away — it’s unfolding in real-time.

Quantum-computing companies, whose valuations exploded in 2024, took a major hit Wednesday following Huang’s remarks. Rigetti Computing, which develops quantum integrated circuits for quantum computers, saw its shares dive 45% Wednesday as of market close. The company’s stock shot up as much as 1,654% over the past year leading up to Wednesday.