That is market manipulation and he should be fined. The same day he said it he posted job openings for quantum computing engineers for nvda.
D-Wave CEO can prove it if it’s true.
Why does NVIDIA have a crazy P/E?
D-wave’s market cap went up 10X in six weeks of November and December
It merely shows how willing “the market,” and all its investment funds and speculators, are still willing to throw money at any new “tech” concept.
Which is not to say that there is not going to be research using powerful quantum computers being used to solve specialized problems in the near term.
In fact, that is already happening. We are nowhere near that point yet.
Which is not to say that there is not going to be research using powerful quantum computers being used to solve specialized problems in the near term.
In fact, that is already happening.
But quantum computing involves some very difficult problems that need to be solved and extensive testing and validation needs to be done before quantum computers can be trusted for high reliability, fault and error free mission critical computing applications.
We are nowhere near that point yet.
One decade at most. This isn’t fusion energy. Huang is wrong and I own NVDA but may be cutting back based on what looks like desperate talk. Quantum computing hardware, albeit primitive, exists and the concept has been proven by Google. Using Moore’s Law (doesn’t really apply here though) and AI helping with design will bring about practical quantum computing way before decades pass.
One remark from the CEO of Nvidia and all the Quantum Computing stock prices came crashing!
How about that?
He’s dead wrong about “AI agents” too, and LLMs in general. He is in many ways a snake oil salesman. But most people know little about AI, so think he is a prophet. He is just a chip salesman.
Two of my friends died before their blue LED stock was worth anything.