Rigetti Computing shows promise but is risky due to high short interest. Find out why RGTI stock may be suitable for short-term gains but needs careful timing.

Quantum computing stocks sank on Wednesday, pausing a year-long rally, after Nvidia CEO Jensen Huang said the technology's practical use was likely two decades away.

Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

CEO Jensen Huang lit the entire quantum computing sector on fire last night after saying the technology won’t be “very useful” for at least 15 years and maybe as many as 30 years. He may as well have poured gasoline on the industry and thrown in a lit match.

Shares of Nvidia Corp. (NVDA) were in focus on Wednesday after the chip designer announced “Quantum Day” at the upcoming GPU Technology Conference (GTC 2025). Nvidia share price gained over 2.7% in morning trade.