NVIDIA (NVDA, Financial) CEO Jensen Huang announced plans to open a quantum computing research lab in Boston. The initiative will involve collaboration with scientists from Harvard University and the Massachusetts Institute of Technology (MIT). Huang's prior statements suggested that quantum computers may take several decades to materialize, leading to a decline in stocks within that sector. He clarified that he was unaware of existing public quantum computing companies at the time.
Huang emphasized that quantum computing is a novel and complex field, requiring years of development. However, the pace of advancement in quantum computing is surpassing his initial expectations.
