in context: Nvidia CEO Jensen Huang recently stated that “real” quantum computers would need a few more years or decades to appear in the market. His comments hurt quantum-related stocks, so now he wants one by one.
Jensen Huang did not expect his doubts about the immediate business feasibility of quantum computers to influence Wall Street-list companies. As part of Nvidia’s recent “Quantum Day” incident, Taiwanese businessman and engineer invited the guests to explain why their negative comments were wrong.
Earlier this year, Huang said that a practical quantum computer would not be available to buy another for 15 to 30 years, with 20 years more optimistic deadline. On Thursday, he corrected his statement, saying that quantum computing has the ability to change everything. Technology is still complicated to distribute incredibly, though.
Huang compared the “pre-ravenue” quantum companies to Nvidia, which required more than 20 years to create a proper hardware and software business. He then jokingly said about the market response, saying that he was surprised that quantum computer companies were already traded publicly. The annual NVidia GTC conference included a panel with 12 different quantum computer companies and start-up representatives, showing that NVidia intensifies the quantum computing sector.
NVIDIA is under the world’s largest Fabless Semiconductor Company. Nvidia chips are used in powerful simulation to help quantum computers to design and manufacture. Even though the company can recover without a quantum business, the NVidia is interested in the supply of the industry and is excited to see where it goes.
Jensen Huang is not alone in expressing some (retreat) doubt about the viability of Quantum Computing. In 2023, a nature article states that currently available quantum computers are good for “nothing” at all compared to traditional binary computer architecture. Technology still requires a lot of successes, with quantum domination still a dream is far away.
Huang also indicated that he wants to avoid making bold predictions about computing from now on. A few years ago, he stated that “quick computing”, which includes Nvidia’s GPU and other special chips, would change traditional CPU-based computing for everything. Of course, he was wrong.
