Quantum Blockchain Technologies PLC (AIM:QBT) told investors it has filed a patent application for its innovative AI Oracle, a hardware solution aimed at enhancing efficiency in Bitcoin mining. The patent, titled "Implementation of Binary Decision Trees," describes the application of the AI Oracle on ASIC chips.
Quantum computing stocks took a hit after Nvidia CEO Jensen Huang said strong use cases for the technology are at least a decade away. D-Wave Quantum saw it's share price fall.
A day after quantum computing stocks took it on the chin again after Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg cast doubts on the sector's viability in the near term, they are rising sharply once more.
Quantum BioPharma Ltd. Dual Lists on Upstream's Global Securities Trading App TORONTO, ON / ACCESSWIRE / January 14, 2025 / Quantum BioPharma Ltd.
Sometimes, it just takes a little momentum for a stock market narrative to start. This is precisely what happened with quantum computing stocks in late 2024.
D-Wave has a significant first-mover advantage with commercially useful quantum annealing technology, unlike competitors who are decades away from viable quantum gate computers. A Recent capital raise at a higher share price reduced forecast dilution, and changes to its business model, including premium pricing, improve the margin outlook. D-Wave's sale of its first quantum computer and record bookings suggest it will exceed revenue forecasts, perhaps doubling medium-term revenue targets.
Nvidia CEO Jensen Huang recently predicted it could take 15 to 30 years to bring "very useful quantum computers" to the market. He said those systems would require a million more quantum bits (qubits) than they have today.
Shares of quantum computing stocks like D-Wave Quantum (QBTS -31.20%), Quantum Computing (QUBT -24.39%), and Rigetti Computing (RGTI -28.66%) were tumbling again on Monday for the second time in just three sessions after Meta Platforms CEO Mark Zuckerberg added his name to the growing chorus of skeptics on the new technology.
Quantum stocks tumble as Nvidia's cautious timeline and Zuckerberg's doubts spark sell-offs, while D-Wave CEO argues quantum tech is delivering value today.
Quantum computing stocks fell again after Mark Zuckerberg joined Nvidia's CEO in claiming the technology is far off from commercial usage. The post Quantum Computing Stocks Take Another Hit On Zuckerberg View appeared first on Investor's Business Daily.
The Meta Platforms CEO says quantum computing is ‘quite a ways off' from being a ‘practical paradigm.'
Quantum computing technology became a hot investing topic toward the end of 2024. After Alphabet (GOOG -1.14%) (GOOGL -0.98%) last month unveiled its Willow quantum computing chip, which is significantly less error-prone than earlier iterations of the technology, investors flocked to the shares of companies that focus solely on quantum computing.