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Why does Nvidia have a no-chip quantum strategy?

At the start of 2025, Nvidia CEO Jensen Huang caused the stock valuations of leading quantum computing companies to plummet by up to 40% (including Nvidia partners such as IonQ and Rigetti) when he claimed that a “very useful quantum computer” was at least two decades away. “If you kind of said 15 years for very useful quantum computers, that’d…