Nvidia (NVDA) chief executive Jensen Huang apologized for tanking quantum computing stocks earlier this year when he said the technology’s usefulness is still decades away — but one analyst says he’s actually right.

Nvidia founder Jensen Huang kicked off the company’s artificial intelligence developer conference, on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

Nvidia (NVDA) hosted its first ever Quantum Day, an event to explore how quantum technology could impact industries. It featured a panel discussion led by CEO Jensen Huang, alongside executives from leading quantum computing companies like Atom Computing,