Nvidia's chief executive Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be "on the road" celebrating the Lunar New Year with employees and their families.

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

Jensen Huang has other plans that day, but Nvidia has already made efforts to curry favor with the president-elect.