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Quantum Stocks Rise As Nvidia Ceo Huang Says Inflection Is Near

Bonisiwe Shabane
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quantum stocks rise as nvidia ceo huang says inflection is near

Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong. She previously worked at The Wall Street Journal and Bloomberg. Mustafa Yalcin / Anadolu via Getty Images Quantum computing shares are jumping in premarket trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point." Huang's comments during his keynote speech at the chipmaker’s GTC Paris developer conference mark more optimistic take by the Nvidia CEO, who said early this year that quantum computing technology is 15 to 30...

“Quantum computing is reaching an inflection point,” Huang said in the speech Wednesday. “We are within reach of being able to apply quantum computing, quantum classical computing, in areas that can solve some interesting problems in the coming years.” Nvidia CEO Jensen Huang is growing more bullish about quantum computing — and he expects they'll start solving real-world problems in the coming years. "Quantum computing is reaching an inflection point," Jensen declared during his keynote speech at Nvidia's GTC Paris developer conference Wednesday. Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes). Quantum computers use quantum bits, or "qubits," which can be zero, one or something in between — the aim being to process much larger volumes of data to facilitate breakthroughs in areas like medicine,...

Quantum has been a buzzy space for investors with the rise of several popular stocks, such as Rigetti Computing and IonQ, which on Monday acquired Oxford Ionics for $1.1 billion. Shares of Rigetti and IonQ were up 4.5% and 3.7% respectively in U.S. premarket trading. PARIS - Quantum computing technology is at an inflection point, Nvidia CEO Jensen Huang reiterated on Wednesday at the VivaTech conference in Paris. Quantum calculations could crack problems that currently would demand years of processing from Nvidia’s most advanced AI systems. Quantum computing will solve “some interesting problems” in the coming years, Huang added.

The CEO made similar comments in March at Nvidia’s annual software developer conference when he spoke about the potential of quantum computing, walking back comments he made in January when he said useful quantum... In March, Huang also announced a new quantum computing research lab in Boston, set to collaborate with Harvard and MIT scientists. Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang said on Wednesday that quantum computers will soon be able to solve complex, real-world problems that are out of reach for classical computers. Huang’s comments marked a reversal from his previously cautious stance on the technology and sparked a rally in quantum stocks. The Details: Speaking at Nvidia's GTC Paris developer conference, Huang highlighted how quantum computers process information in fundamentally new ways compared to traditional computers and shortened his timeline for their practical application.

"Quantum computing is reaching an inflection point," Huang said during his keynote speech. "We are within reach" of being able to apply quantum computers "in areas that can solve some interesting problems in the coming years," he added. "This is a really exciting time." Read Next: These Are The 3 Hottest Stock Market Themes Trending Now

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Nisha Gopalan Is A Former Senior Overnight Assignment Editor For

Nisha Gopalan is a former Senior Overnight Assignment Editor for Investopedia News. She is an award-winning financial journalist who has worked in London, where she is currently based, and Hong Kong. She previously worked at The Wall Street Journal and Bloomberg. Mustafa Yalcin / Anadolu via Getty Images Quantum computing shares are jumping in premarket trading Wednesday after Nvidia (NVDA) CEO Je...

“Quantum Computing Is Reaching An Inflection Point,” Huang Said In

“Quantum computing is reaching an inflection point,” Huang said in the speech Wednesday. “We are within reach of being able to apply quantum computing, quantum classical computing, in areas that can solve some interesting problems in the coming years.” Nvidia CEO Jensen Huang is growing more bullish about quantum computing — and he expects they'll start solving real-world problems in the coming ye...

Quantum Has Been A Buzzy Space For Investors With The

Quantum has been a buzzy space for investors with the rise of several popular stocks, such as Rigetti Computing and IonQ, which on Monday acquired Oxford Ionics for $1.1 billion. Shares of Rigetti and IonQ were up 4.5% and 3.7% respectively in U.S. premarket trading. PARIS - Quantum computing technology is at an inflection point, Nvidia CEO Jensen Huang reiterated on Wednesday at the VivaTech conf...

The CEO Made Similar Comments In March At Nvidia’s Annual

The CEO made similar comments in March at Nvidia’s annual software developer conference when he spoke about the potential of quantum computing, walking back comments he made in January when he said useful quantum... In March, Huang also announced a new quantum computing research lab in Boston, set to collaborate with Harvard and MIT scientists. Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang said on W...

"Quantum Computing Is Reaching An Inflection Point," Huang Said During

"Quantum computing is reaching an inflection point," Huang said during his keynote speech. "We are within reach" of being able to apply quantum computers "in areas that can solve some interesting problems in the coming years," he added. "This is a really exciting time." Read Next: These Are The 3 Hottest Stock Market Themes Trending Now