Google CEO Sundar Pichai said that \”practically useful\” quantum computers are still 5 to 10 years away. He likened their progress to AI’s development a decade ago. Quantum computing stocks, some of which had surged over 1,000% in the past year, could face renewed pressure following his comments. Earlier this year, Nvidia CEO Jensen Huang said that “very useful” quantum computers were likely decades away and may take 15-30 years to come into their own. The statement sent shock waves, sending quantum computing stocks in a free fall, and even swept up companies based on their names: Quantum Corp, a data management company, gained more than 670% last year, only to drop about 60% so far in 2025. The quantum computing sector has seen increased attention following Google’s December 2024 announcement of its Willow quantum chip breakthrough, which allowed researchers to calculate in five minutes a problem that would take existing supercomputers “longer than our universe has been around”
