Jensen Huang’s comments at last week’s CES about quantum computing being decades away stirred up discussion within the quantum industry.

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.

First, D-Wave Quantum CEO Alan Baratz said that Huang was “dead wrong.” He said that his company is “commercial today,” and its services are be

Therefore, Huang's prediction that quantum computers won't go mainstream for 15 to 30 years sounds reasonable. It took Nvidia about two decades for its gaming and professional visualization graphics processing units (GPUs) to evolve into AI accelerators for data centers.

Quantum stocks like Rigetti, IonQ and D-Wave Quantum saw steep losses after Nvidia CEO Jensen Huang said quantum computers are decades away.

Huang’s statements resulted in many quantum computing stocks, some of which experts have been bullish on, descending into a free fall. These included Quantum Computing, ( QUBT) D-Wave Systems ( QBTS) , and Rigetti Computing ( RGTI) .

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

One of Wall Street’s most speculative trades just had some of the froth wiped out in dramatic fashion. The outlook is looking murky from here onwards.