Quantum computing companies have surged recently but Nvidia CEO Jensen Huang had a disappointing message for the sector.

CEO Jensen Huang said Nvidia tapped MediaTek to co-design an energy-efficient CPU that could be sold more widely.

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Nvidia's 6% loss Tuesday was especially painful for the company given it followed a splashy CES event with big announcements. But the market has good reason to shake off its swings.

There may be more in store for the processor Nvidia co-developed with MediaTek for its Project Digits AI supercomputer.