Quantum computing stocks like IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing were each down by more than a whopping 40% after Nvidia chief Jensen Huang’s comments that he did not expect quantum computers to be a reality any time soon.

CEO Jensen Huang speaks, best believe investors listen. And traders that have been speculating in the red-hot quantum computing stock space are listening to what Huang just said at CES - and they aren’t liking it one bit.

Quantum computing companies have surged recently but Nvidia CEO Jensen Huang had a disappointing message for the sector.