Quantum computing stocks were red-hot recently, but Jensen Huang just offered optimistic investors a reality check.

Though investors saw this as disappointing, there is some reassuring news. Quantum computing is progressing, meaning these companies will likely report accomplishments and milestones in the months and years to come -- and these represent catalysts for quantum computer stocks to climb.

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

Several stocks across the quantum computing industry fell sharply Wednesday after Nvidia CEO Jensen Huang said the technology is likely still years away.

Quantum computing has suddenly become a buzzword on Wall Street. Ever since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) reported that it hit a new milestone with Willow, its new quantum chip, quantum stocks have been soaring.

Stocks and ETFs tied to quantum computing rose significantly Wednesday after Nvidia and Microsoft highlighted the industry's enormous potential.

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

Quantum computing stocks were red-hot recently, but Jensen Huang just offered optimistic investors a reality check.