Following Huang s comments, quantum stocks plummeted further on Wednesday with Rigetti Computing stock closing down 43.8%, D-Wave Quantum Inc. (NYSE:QBTS) down 36% and IonQ shares ending the session down by 39%.
Expert Ideas: Some experts have suggested that Huang may have had ulterior motives behind his comments on quantum computing s long-term outlook.
“Any dollar chasing quantum computing stocks is not chasing AI stocks,” said Thomas Hayes, chairman of Great Hill Capital, per Reuters.
“Jensen threw a wet blanket on the quantum story and did everything he could to sell the AI story. It’s that simple,” Hayes added.
Another analyst echoed similar sentiments on quantum computing as a potential threat to Nvidia s dominance: Quantum computing “will be disruptive to parts of the classical compute business, of which Nvidia is a chief beneficiary,” Craig-Hallum analyst Richard Shannon said, per Reuters.
CEO Fires Back: D-Wave Quantum CEO Alan Baratz also criticized Huang for his comments on the timeline for achieving practical quantum computing, saying the Nvidia CEO is "dead wrong."
Baratz said D-Wave s quantum computers are already in commercial use by major companies including Mastercard.
Expert Ideas: Some experts have suggested that Huang may have had ulterior motives behind his comments on quantum computing s long-term outlook.
“Any dollar chasing quantum computing stocks is not chasing AI stocks,” said Thomas Hayes, chairman of Great Hill Capital, per Reuters.
“Jensen threw a wet blanket on the quantum story and did everything he could to sell the AI story. It’s that simple,” Hayes added.
Another analyst echoed similar sentiments on quantum computing as a potential threat to Nvidia s dominance: Quantum computing “will be disruptive to parts of the classical compute business, of which Nvidia is a chief beneficiary,” Craig-Hallum analyst Richard Shannon said, per Reuters.
CEO Fires Back: D-Wave Quantum CEO Alan Baratz also criticized Huang for his comments on the timeline for achieving practical quantum computing, saying the Nvidia CEO is "dead wrong."
Baratz said D-Wave s quantum computers are already in commercial use by major companies including Mastercard.
- D-Wave Quantum Inc#RQ0(A3DSV9)
6,23 +1,2%D-Wave Quantum Inc
6,23 €
10:00:46+0,08 €
+1,24 %Hoch: 6,25 €
Tief: 5,99 €
- Symbol:
- RQ0
- WKN:
- A3DSV9
- ISIN:
- US26740W1099
D-Wave Quantum CEO Dr. Alan Baratz Addresses NVIDIA CEO Jensen Huang’s Quantum Comments on CNBC’s “The Exchange”
We are not 30 years out, we're not 20 years out, we're not 15 years out. We are today. We are supporting businesses today with quantum compute to solve their hard problems,” said Dr. Baratz during the interview.
https://ir.dwavesys.com/news/news-d...m-Comments-on-CNBCs-The-Exchange/default.aspx
https://www.cnbc.com/video/2025/01/08/d-wave-ceo-responds-to-jensen-huangs-quantum-comments.html
