Jensen Huang hosted a “Quantum Day” during GTC, Nvidia’s annual developers conference, where experts shed light on quantum-computing progression. The Nvidia CEO said quantum computers will solve problems more important than just faster food deliveries and more powerful spreadsheets.

Shares in major quantum computing firms dropped on Thursday after an announcement from Nvidia chief Jensen Huang. It’s not the first time. Quantum computing stocks got pummeled yesterday, with the four most prominent public quantum computing companies—IonQ,

Jensen Huang didn't expect his doubts about the immediate commercial viability of quantum computers to affect Wall Street-listed companies so drastically. As part of Nvidia's recent