Quantum computing stocks dropped Wednesday after Nvidia CEO Jensen Huang declared that useful quantum computers are likely decades in the future.

Nvidia’s stock is on the upswing after its CEO, Jensen Huang, unveiled a suite of new products, services and partnerships at CES 2025.

Following his blockbuster keynote address at the 2025 Consumer Electronics Show in Las Vegas, Nvidia founder and CEO Jensen Huang shared more about his vision of a future where AI, powered by his company’s hardware and software, is as commonplace as the internet.

AI models that take inspiration from the mental models of the world that humans develop naturally. At CES 2025 in Las Vegas, the company announced that it is making openly available a family of world models that can predict and generate "physics-aware" videos. Nvidia is calling this family Cosmos World Foundation Models, or Cosmos WFMs for short.

The stock had risen to a new all-time high of $149.43 a share on Monday ahead of the chief executive’s address at CES 2025 in Las Vegas.

Nvidia CEO Jensen Huang used his CES 2025 keynote to unveil the company’s next generation of GPUs and declare the rise of "Agentic AI"—a shift he says will create a multi-trillion-dollar industry and redefine how people work.

Nvidia CEO Jensen Huang will deliver the opening keynote at the CES on Monday, with many analysts viewing the event as a potential growth catalyst for the chipmaking giant.

"We still see CES as a positive catalyst, re-asserting NVDA's platform dominance/opportunity in high-growth markets," Bank of America said.

Jensen Huang, CEO of NVIDIA, highlighted the company's expanding robotics ecosystem and its partners. Among these partners, Pegatron emerged as the sole electronic manufacturing services (EMS) provider from Taiwan in the list.

The chairman of SK Hynix Inc.'s parent and Nvidia Corp. co-founder Jensen Huang met on January 8 to discuss AI, suggesting the two companies are exploring ways to deepen one of the most important relationships in artificial intelligence hardware.