Nvidia CEO Jensen Huang Admits He Was Wrong About Quantum Computing. Are Quantum Stocks Buys Right Now?
Nvidia CEO Jensen Huang made headlines in January, sowing skepticism toward the emerging field of quantum computing. His comments, which suggested the technology was still 15 to 20 years away from being commercially useful, were seen as a major disappointment to industry prospects, triggering a sharp sell-off in shares of several companies, such as D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI), developing innovative quantum solutions.However, at last month's Nvidia GPU Technology Conference during a "Quantum Day" event, Huang made an about-face on his prior doubts. Admitting he may have been misinformed, he pivoted to embrace what is seen as the next frontier in computing technology, announcing new investments into research. Leading industry companies were present, taking the opportunity to highlight their recent breakthroughs and game-changing potential.Are quantum computing stocks a buy right now? Here's what you need to know.Continue reading
Nvidia CEO Jensen Huang made headlines in January, sowing skepticism toward the emerging field of quantum computing. His comments, which suggested the technology was still 15 to 20 years away from being commercially useful, were seen as a major disappointment to industry prospects, triggering a sharp sell-off in shares of several companies, such as D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI), developing innovative quantum solutions.
However, at last month's Nvidia GPU Technology Conference during a "Quantum Day" event, Huang made an about-face on his prior doubts. Admitting he may have been misinformed, he pivoted to embrace what is seen as the next frontier in computing technology, announcing new investments into research. Leading industry companies were present, taking the opportunity to highlight their recent breakthroughs and game-changing potential.
Are quantum computing stocks a buy right now? Here's what you need to know.
