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NishMath
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@www.fool.com - 27d
Quantum computing stocks have dramatically crashed following comments from Nvidia CEO Jensen Huang, who projected that truly useful quantum computers are still 15 to 30 years away. This statement triggered a massive sell-off, wiping out an estimated $8 billion in market value across the sector. Shares of key companies like IonQ, Rigetti Computing, and D-Wave Quantum plummeted, with drops exceeding 30% in a single day. The market reacted negatively to Huang's timeline, undermining previous optimism fueled by breakthroughs like Google's new 105-qubit 'Willow' chip, which was reported to have solved a complex calculation in five minutes, a feat that would take current supercomputers around 10 septillion years to complete.
Despite the setback, some industry leaders are pushing back against Huang's assessment. D-Wave Quantum CEO Alan Baratz dismissed Huang’s comments as “dead wrong,” highlighting that D-Wave's annealing quantum computers are already commercially viable. Baratz emphasized that their technology can solve problems in minutes that would take supercomputers millions of years, challenging Huang's view on current capabilities. He even offered to meet with Huang to discuss what he called “knowledge gaps” in the CEO's understanding of quantum technology. An X user also pointed out that Nvidia is currently hiring quantum engineers, adding further to the industry's resistance to the projected long wait for the technology.
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@investorplace.com - 12d
The debate surrounding the timeline for quantum computing is intensifying, with differing views emerging from tech leaders. SAP CEO Christian Klein has recently challenged skepticism, asserting that quantum computing is much closer than the 15 to 30 years predicted by some in the industry. Klein argues that quantum technologies can soon tackle complex problems like supply-chain management, improving simulation speeds and offering new efficiencies in logistics. These claims contrast with other leaders' predictions that the technology's significant impact is still years away, contributing to volatility in the market, with quantum computing stocks experiencing a turbulent ride.
Despite the uncertainty surrounding the timeline, there's a consensus that quantum computing represents a transformative leap in technology. The power of quantum physics offers the potential to create computers that are infinitely faster and more powerful. The debate centers on when these breakthroughs will materialize and how they will impact various sectors. There is evidence of advancements in quantum computing, such as the development of error correction techniques, and the study of how matrices can be applied to quantum computing. However, challenges related to energy requirements, error correction, and maintaining quantum coherence remain ongoing concerns for some critics.
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