Quantum Computing Stocks Here S Why Rigetti Computing And Google Are
The entire Quantum Computing stock industry took a massive hit on Wednesday as NVIDIA CEO, Jensen Huang, made comments about the industry during the company’s investor day. Juang commented that “If you said 15 years for very useful quantum computers, that would probably be on the early side,”. Juang followed-up with “If you said 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.” Quantum computing has taken the lead role, in terms of performance, from Ai industry stocks over the last two months since Google announced the development of its “Willow” chip. The Willow chip demonstrates that quantum computers can solve specific problems much faster than classical supercomputers.
Google announced that Willow performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion years. Google is the strongest candidate for quantum computing hardware breakthroughs over the next 5 years. Quantum computing stocks are wrapping up a big week of double-digit gains. Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum skyrocketed more than 32% this week.
The jump in shares followed a wave of positive news in the quantum space. Rigetti said it had purchase orders totaling $5.7 million for two of its 9-qubit Novera quantum computing systems. The owner of drugmaker Novo Nordisk and the Danish government also invested 300 million euros in a quantum venture fund. In a blog post earlier this week, Nvidia also highlighted accelerated computing, which it argues can make "quantum computing breakthroughs of today and tomorrow possible." IBM (NYSE:IBM) and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google are chasing error correction with superconducting qubits. Still, Rigetti Computing Inc (NASDAQ:RGTI) CEO Subodh Kulkarni says the company's proprietary chiplet architecture gives it a measurable edge.
"Having already validated our chiplet-based approach, we are confident that our 100+ qubit system planned for the end of 2025 will achieve the same fidelity," Kulkarni told Benzinga in an exclusive email interview, highlighting... Read Also: EXCLUSIVE: This Stock’s Up 1,300% — But CEO Says The Real Payoff’s 4 Years Away The Cepheus-1-36Q system, Rigetti's latest multi-chip quantum computer, combines four 9-qubit chiplets into the largest system on the market. "Cepheus-1-36Q…achieved a 99.5% median 2-qubit gate fidelity. This is half the error rate of our single-chip 84-qubit Ankaa-3 system," Kulkarni noted. He also pointed to other critical IP for scaling, including "3D signaling and inter-module connectivity technology, and a novel chip fabrication process for more precise frequency tuning of our qubits (Alternating-Bias Assisted Annealing)," underscoring...
Quantum computing investment has skyrocketed by over 400% in just three years. This once sci-fi concept is now a reality. Three major players are racing to dominate this revolutionary technology. The quantum computing landscape changes rapidly, making it thrilling to analyze. Each company has a unique approach to this groundbreaking tech. The stakes are incredibly high, especially considering how quantum advances could transform cryptocurrency markets.
I’ve studied these companies for years. Their strategies differ greatly, but all aim to build the future. This analysis isn’t typical – it’s about cutting-edge tech with significant risks. Let’s explore their technologies, market positions, and investment potential. We’ll see how quantum advances might reshape cryptocurrency and financial markets. Quantum computing investments blend cutting-edge physics with Wall Street speculation.
This sector defies traditional analysis. The quantum computing stock market moves differently than most tech investments. Yesterday afternoon (January 7, 2025), Nvidia CEO Jensen Huang stated at an investor meeting 'We're probably somewhere between - in terms of the number of qubits, order of - 5 orders of magnitude or... And so if you kind of said 15 years for very useful quantum computers, that'd probably be on the early side. If you said 30 is probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.'.
This statement triggered a drastic selling spree of quantum computing stocks such as Rigetti Computing (RGTI), Quantum Computing (QUBT), & D-Wave Quantum (QBTS) which are down -26.43%, -26.54%, & -31.52% respectively. This could be viewed as a healthy pullback for these stocks that have skyrocketed over the past few months (in the past three months RGTI, QUBT, & QBTS are still up +1603.81%, +1596.83%, &... Only time will tell. The quantum computing sector has experienced an unprecedented surge in stock valuations following Google's reveal of the Willow quantum chip. This technological leap has not only stirred excitement in tech circles but has also led to significant investor interest in companies poised to capitalize on quantum advancements. Let's take an in-depth look at how Google's innovation and the subsequent market reactions are shaping the future of quantum computing businesses.
Google's latest quantum computing chip, Willow, announced on December 9, 2024, represents a monumental step forward in the field. This chip leverages surface code architecture to achieve 'exponential error suppression', a critical hurdle in quantum computing. The chip managed to complete a benchmark task, known as random circuit sampling, in under five minutes, a feat that would theoretically take the world’s fastest classical supercomputer 10 septillion years to accomplish. This isn't just a technical showcase; it's a leap towards fault-tolerant quantum computing, where quantum error correction becomes feasible enough to conduct meaningful, large-scale computations. What makes Willow particularly groundbreaking is its ability to handle operations on a scale previously thought unattainable. It features 72 qubits, with error rates reduced by a factor of nearly 100 compared to previous generations, thanks to advanced error correction techniques.
This could mean practical applications in drug discovery, where quantum computers could simulate molecular interactions in ways classical computers can't, or in financial modeling for optimizing portfolios with an unprecedented level of complexity. The implications of Willow extend beyond immediate computational capabilities. It's a signal to the industry that the era of useful quantum computing is approaching. Google has positioned itself at the forefront of this quantum race, not only with Willow but through its broader Quantum AI lab initiatives, setting new benchmarks for error rates and quantum coherence times. This milestone is akin to the early days of the internet when the infrastructure was finally catching up to theoretical possibilities.
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The Entire Quantum Computing Stock Industry Took A Massive Hit
The entire Quantum Computing stock industry took a massive hit on Wednesday as NVIDIA CEO, Jensen Huang, made comments about the industry during the company’s investor day. Juang commented that “If you said 15 years for very useful quantum computers, that would probably be on the early side,”. Juang followed-up with “If you said 30, it’s probably on the late side. But if you picked 20, I think a w...
Google Announced That Willow Performed A Standard Benchmark Computation In
Google announced that Willow performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion years. Google is the strongest candidate for quantum computing hardware breakthroughs over the next 5 years. Quantum computing stocks are wrapping up a big week of double-digit gains. Shares of Rigetti Computing, D-Wave Quantum and Quantu...
The Jump In Shares Followed A Wave Of Positive News
The jump in shares followed a wave of positive news in the quantum space. Rigetti said it had purchase orders totaling $5.7 million for two of its 9-qubit Novera quantum computing systems. The owner of drugmaker Novo Nordisk and the Danish government also invested 300 million euros in a quantum venture fund. In a blog post earlier this week, Nvidia also highlighted accelerated computing, which it ...
"Having Already Validated Our Chiplet-based Approach, We Are Confident That
"Having already validated our chiplet-based approach, we are confident that our 100+ qubit system planned for the end of 2025 will achieve the same fidelity," Kulkarni told Benzinga in an exclusive email interview, highlighting... Read Also: EXCLUSIVE: This Stock’s Up 1,300% — But CEO Says The Real Payoff’s 4 Years Away The Cepheus-1-36Q system, Rigetti's latest multi-chip quantum computer, combin...
Quantum Computing Investment Has Skyrocketed By Over 400% In Just
Quantum computing investment has skyrocketed by over 400% in just three years. This once sci-fi concept is now a reality. Three major players are racing to dominate this revolutionary technology. The quantum computing landscape changes rapidly, making it thrilling to analyze. Each company has a unique approach to this groundbreaking tech. The stakes are incredibly high, especially considering how ...