Market Chatter: D-Wave Quantum CEO Says Nvidia's Huang Wrong About Quantum Computers

MT Newswires Live
09 Jan

D-Wave Quantum (QBTS) Chief Executive Alan Baratz said Wednesday that Nvidia CEO Jensen Huang is "dead wrong" about how long it will take before quantum computers are commercially viable, CNBC reported.

"The reason he's wrong is that we at D-Wave are commercial today," Baratz told CNBC in an interview.

Huang said during an analyst Q&A session Tuesday that it will be 15 years at the earliest before "very useful quantum computers" are available, and could be as long as 30 years.

Baratz disagreed with Huang's assessment by saying that various companies are already using D-Wave Quantum's quantum computers. "Not 30 years from now, not 20 years from now, not 15 years from now," Baratz told CNBC. "But right now today."

Shares of D-Wave Quantum fell 36% during Wednesday's trading session, but rose 6.4% in after hours activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10