You know what looks cheap? Nvidia looks cheap.
That's not to say it can't get cheaper but to quote some of the old-time traders: "Well bought is half sold."
$111.29 last, up $0.72 (+0.65%) in late pre-market trading.
Insider Brief
- NVIDIA’s Quantum Day at GTC 2025 is bringing together industry leaders to discuss the technology’s current capabilities and future potential.
- CEO Jensen Huang’s earlier skepticism about quantum computing’s timeline caused stock declines for several quantum companies, prompting NVIDIA to engage more directly with the quantum industry, analysts suggest.
- The event will feature discussions on quantum computing’s role in AI, commercialization challenges, and potential breakthroughs, with executives from leading quantum firms participating.
- Image: Google Quantum AI
NVIDIA’s inaugural Quantum Day at GTC 2025 — scheduled for March 20 — is closing in and anticipation is growing for the event, which will bring together industry leaders and researchers to discuss quantum computing’s present advances and future potential.
Initially, some in the quantum industry — and perhaps in the larger tech industry — viewed NVIDIA’s decision to host its first Quantum Day as more of an apology and slightly an apology. However, the event is now seen as more than a simple industry gathering and more than a gesture to the quantum computing community — it’s a statement, according to Investor’s Business Daily, who asked analysts and key figures to break down the events that led to the Quantum Day announcement.
After CEO Jensen Huang’s remarks — that quantum computing would not be “very useful” for 15 to 30 years — in January sent quantum computing stocks plummeting, the tech giant is now bringing industry leaders together to discuss the technology’s future. The move suggests NVIDIA is recalibrating its stance and recognizing quantum computing’s potential sooner rather than later, according to IBD.
“If NVIDIA really thought that quantum was 15 to 30 years out, would they have an event today? Probably not,” Gil Luria, an analyst at D.A. Davidson and head of the firm’s technology research, told IBD.
The GTC event in Silicon Valley — a highlight on the tech conference calendar — will feature quantum executives, including D-Wave CEO Alan Baratz, who was personally invited by Huang shortly after the controversy erupted.
The Fallout From Huang’s Comments
Huang’s comments at CES had an immediate impact. Investors panicked, causing shares of Rigetti Computing, IonQ, D-Wave, and Quantum Computing Inc. to drop sharply.
Luria, who had just given a quantum company a buy rating, knew the quote would have impact.
“When I heard that, I rolled my eyes a little bit,” Luria told IBD. “But I realized that that was going to have an impact.”
Baratz was among the most vocal in pushing back.
“The quantum computing industry is still young, and the investor market is still maturing,” Baratz said, according to IBD. “Everybody’s looking for any information that they can use to make decisions. Sometimes misinformation can get out there and drive decisions.”
Quantum computing companies argue that real-world applications already exist, with businesses exploring the technology for supply chain optimization, drug discovery and financial modeling. Others, including veteran Silicon Valley investors, argue that large-scale commercial viability is still years away.....
....MUCH MORE
Although we see no rush to own the current batch of publicly traded names, we do pay attention to what the chatter is. Some of our previous links and more recent comments were wrapped in January 8's "Quantum Stocks Drop as Nvidia CEO Sees Use Years Away":
Ditto and double ditto for the quantum computing stocks. There will be at least one and possibly three bear markets before they are even close to earning money.
However, for the diehard next-big-thing wannabes we did link to Barron's "...How to Pretend You Understand Quantum Computing." on Dec 14.
Here's Nvidia:
NVIDIA GTC 2025: Quantum Day to Illuminate the Future of Quantum Computing
NVIDIA CEO Jensen Huang and Industry Visionaries to Unveil What’s Next in AI at GTC 2025
Quantum Day Conference Sessions
