Nvidia's Jensen Huang is 'dead wrong' about quantum computers, D-Wave CEO says
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Nvidia CEO Jensen Huang's comments on quantum computers being decades away led to a drop in shares of D-Wave Quantum and its peers. D-Wave CEO Alan Baratz disagrees, stating that the company has significant paying clients currently.
January 08, 2025 | 9:15 pm
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D-Wave Quantum's stock dropped after Nvidia's CEO suggested quantum computers are far off, but D-Wave's CEO argues they have significant clients now.
D-Wave Quantum's stock price fell due to Nvidia's CEO's comments, which cast doubt on the near-term viability of quantum computing. Despite D-Wave's CEO's rebuttal, the market reaction was negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nvidia's CEO Jensen Huang's comments on quantum computing being far off may impact Nvidia's perception in the quantum computing sector.
While Nvidia is not directly impacted in terms of stock price, the comments could influence its reputation in the quantum computing industry. However, Nvidia's core business is not quantum computing, so the immediate impact is neutral.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50