NVIDIA Executive Director tried to help quantum companies, but there was a sale in stocks
Executive Director Nvidia Jensen Huang Interviews Heads of Quantum Computing Firms at the Annual Conference for Development Programmers Nvidia San Joseu, California, USA, March 20, 2025.
Stephen Nellis | Reuters
Nvidia Jensen Huang CEO spoke on Thursday at an annual chips conference, with the goal Come back to past comments for a decade of time strips needed for useful quantum computers.
But his last step in the quantum world seemed to have the opposite effect. Despite Huang’s public change of melody, several key supplies in the sector collapsed on Thursday, with D-wave Tanking 18% i Quantum Defiance Etf (Qtum) drop 2%.
In Nvidia’s first “Quantum Day” event on Thursday, Huang said His statements in January about Quantum It takes at least 15 years to become a useful technology did not land as it intended. Huang also said he was surprised to see his comments run by public markets as in January.
“This is the first event in history where the company’s executive invites all guests to explain why he is wrong,” Huang said on Thursday.
In showing the support of the industry, Huang was joined by the managers of several major quantum session companies, which is part of the annual Megacap Tech Titan gathering under the name GTC this week. Nvidia announcement that the host of this “quantum day” was originally helped in pump Recovery for the January sector.
Huang said in January that he was “on an early side” for 15 years when releasing when to expect quantum computer technology to be considered useful, which prompted a sold out in the sector. The expectation of 20 years is considered more reasonable, the executive director said.
Although Huang aimed to calm the investors who developed these previous comments, it seems that the event on Thursday did not help the case for quantum supplies.
Even companies that have accepted invitations to join Huang on stage, and their shares fall. In addition to D-Wave, Rigetti calculating and Ionq Each one on Thursday fell more than 9%.
D-Wave, Rigetti and Ionq, one day
Needham analyst N. Quinn Bolton told the clients that Huang’s insinuation on Quantum brandy was “one of the most specific parts of” events. Related to this, Bolton said, the certificate of executive director that quantum calculation should be placed as a special tool that acts along with classic systems as opposed to replacement.
“Jensen has raised the idea that quantum calculation can be poorly positioned, because calling the quantum system is set by unrealistic expectations,” Bolton said.
Nvidia has benefited from Quantum’s rise because research of this computer is being carried out through simulators on powerful devices like what the company sells. The company is working to produce technology on integrating graphic units for processing – known short GPU -a – with quantum calculation chips.
This week, Nvidia announced That they will build a research center in Boston, where quantum companies can work with researchers at Harvard and Massachusetts Institute of Technology.
Huang offered positive statements about the possible effect of quantum if it can be fully achieved. But investors still look skeptical in the sector, with Quantum Defianance ETF reduced more than 4%this year.
“Of course, Quantum Computing has the potential and all our hopes will give an extraordinary impact,” Huang said during the event on Thursday. “But technology is crazy complicated.”
– CNBC – Kif Leswing contributed to this report.
