Tim Costa, Senior Director of quantum computing at Nvidia, says the first area to be disrupted by quantum is problem solving in chemistry and biochemistry. He joins Ed Ludlow on a special edition of “Bloomberg Technology” from GTC.
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In the fast-moving world of cutting-edge technologies, quantum computing is perhaps one of the most exciting developments in recent years. Breakthroughs that could revolutionize machine learning, optimization problems, advanced simulations, and cryptography have opened the door for transformative commercial applications.
Key quantum computing stocks fell Wednesday ahead of Nvidia's much-anticipated Quantum Day to be led by CEO Jensen Huang. The post Quantum Computing Stocks Fall Ahead Of Nvidia Event appeared first on Investor's Business Daily.
D-Wave Quantum Inc. has demonstrated remarkable technological breakthroughs, but has the FOMO taken a bit way too far? Despite a record $18.3M in Q4 bookings, D-Wave's projected revenue of $34.4M by FY2026 doesn't quite justify its $3B+ market cap. Investors should be cautious of the early quantum computing hype, as QBTS's forward revenue multiple of nearly 140x far exceeds its tech sector peers.
D-Wave Quantum Inc. NYSE: QBTS is one of the leaders among a pool of smaller quantum computing companies competing against legacy tech giants like Microsoft Corp. NASDAQ: MSFT and Alphabet Inc. NASDAQ: GOOG. The quantum computing industry seeks to utilize quantum mechanics to develop computers capable of outperforming even the best supercomputers by many orders of magnitude.
If you're interested in investing in quantum computing, my guess is you're already familiar with trendy companies such as IonQ, Rigetti Computing, or D-Wave Quantum. Don't get me wrong -- there's potentially a lot of money to be made in those stocks.
Shares of D-Wave Quantum (QBTS) sank Tuesday morning, giving back the stock's Monday gains and halting a rally that started when the company said it had made a breakthrough last week.
Quantum computing represents one of the most transformative technological frontiers of our time. It promises to solve complex problems that remain intractable for even the most powerful classical computers.
Quantum computers have the potential to complete certain types of computations exponentially faster than traditional computers. While the technology is far from commercially viable today, quantum computers could eventually revolutionize materials science, drug discovery, financial modeling, artificial intelligence (AI), logistics, and other areas.
Rigetti Computing is a leading provider of Superconducting Quantum Computing solutions. The company caters to a large TAM of $1-2 billion prior to 2030, which will increase significantly to $15-30 billion during 2030-40. The company is well on track to achieve its key technology milestones: 36-qubit system by 2Q25 and 108-qubit system by 4Q25.
Quantum computing stocks soared on Friday as traders targeted tech stocks amid the broader market rebound.