First up (all links March 20), mainly because I like their headline, Investor's Business Daily:
Nvidia Chief Hosts Quantum Computing Execs After Dis
Two months ago at the CES conference, Nvidia (NVDA) Chief Executive Jensen Huang dismissed quantum computing as something that won't be very useful for 15 to 30 years. But on Thursday Huang hosted a roundtable discussion on the technology at the Nvidia GTC conference in San Jose, Calif.
The event called Quantum Day was a mea culpa of sorts for Huang to a nascent industry that holds great promise.
At Quantum Day, Huang said the idea for the panel came about after his dismissive comments at CES. He invited quantum computing executives to GTC "to explain why he was wrong."
Quantum computing has tremendous potential but is "insanely complicated," Huang said.
The roundtable discussion included executives from such quantum computing companies as D-Wave Quantum (QBTS), IonQ (IONQ) and Rigetti Computing (RGTI).
Other companies represented at Quantum Day were Alice & Bob, Atom Computing, Infleqtion, Pasqal, PsiQuantum, Quantinuum, Quantum Circuits, QuEra Computing and SEEQC.
Microsoft (MSFT) and Amazon.com (AMZN) unit AWS also participated in the chat.
On Jan. 7, during a question-and-answer session with financial analysts at CES, Huang said quantum computing will be useful for "small data, big compute, big combinatorial computing problems." That includes applications such as cryptography. "It's not good at large data problems."
He said 15 years probably would be "on the early side … for very useful quantum computers."
Nevertheless, Nvidia is working with quantum computing companies to advance the technology, Huang said.
"We want to help the industry get there as fast as possible and to create the computer of the future and we'll be a very significant part of it," Huang said at the CES event.
On Tuesday, Nvidia announced that it is building a Boston-based research center to advance quantum computing....
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And from Bloomberg via India's Mint:
Nvidia Corp. Chief Executive Officer Jensen Huang said he didn’t realize there were publicly traded quantum-computing companies when he made earlier comments that caused industry stocks to crash.
“My first reaction was, I didn’t know they were public. How can a quantum company be public?” Huang said at an event Thursday focused on the still-nascent technology....
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As the quantum guys on the stage are thinking: "NOT HELPING"
And from Barron's, who are almost live-blooging the event (multiple posts, multiple by-lines):
What Does the Future Hold for Quantum Computing?
As the first panel at Nvidia GTC’s inaugural Quantum Day came to a close, Nvidia CEO Jensen Huang asked the participants a burning question--what they would be discussing at next year’s event.
Each panelist provided an answer that alluded to a different vision for quantum computing. D-Wave Quantum CEO Alan Baratz pointed to the use of quantum to better train artificial intelligence models, while IonQ CEO Peter Chapman cited quantum’s applications in managing customer workloads.
What Does the Future Hold for Quantum Computing?
Mackenzie TatananniUpdated 2025-03-20 18:43 ET / Original 2025-03-20 18:22 ET
As the first panel at Nvidia GTC’s inaugural Quantum Day came to a close, Nvidia CEO Jensen Huang asked the participants a burning question--what they would be discussing at next year’s event.
Each panelist provided an answer that alluded to a different vision for quantum computing. D-Wave Quantum CEO Alan Baratz pointed to the use of quantum to better train artificial intelligence models, while IonQ CEO Peter Chapman cited quantum’s applications in managing customer workloads.
Loïc Henriet, CEO of Pasqal, said he was excited to discuss the real-world use cases of computers that had already been deployed.
Quantinuum CEO Rajeeb Hazra agreed with the previous speakers before giving an answer that alluded to his company’s work with Nvidia at its Accelerated Quantum Research Center, which is set to begin operations later this year.
“We will see, in the next year, the first real tangible use cases of an AI agent working in conjunction with a quantum computer, doing things it otherwise couldn’t have done before,” Hazra said.
Rigetti CEO Subodh Kulkarni expressed eagerness for the skepticism around quantum technology to dissolve and be replaced by discussions of its applications in data centers....
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Also st Barron's:
Huang Apologizes to Attendees in Quantum Day Remarks
Quantum Stocks Fall as Nvidia Quantum Day Gears Up
Jensen Huang Kicks Off Quantum Event
And the complete package, about 20 minutes ago:
Nvidia Quantum Day: D-Wave, IonQ, Rigetti Stocks Tumble During Event With Jensen Huang
Follow live coverage of quantum industry leaders and Nvidia CEO Jensen Huang as they discuss the future of quantum computing from Nvidia's GTC conference.
Recently:
March 7 - "As NVIDIA’s Quantum Day Nears, Analysts Suggest Event is More Than a Gesture" (NVDA)
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.
And the outro:
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
Previously:
This is Goofy: "Quantum-computing stocks are soaring as investors place bets on ‘the next big thing’ in tech"
Our general rules for shorting: In a bull market only short frauds, and even then be aware that what you think you are seeing may take quite a while to become evident to the wider market. Or may prove to have been an hallucination on the part of the prospective short seller.
In a bear market you can expand your shortable universe by also using shorts based on valuation.
Here are three names to keep in mind as valuation shorts should the overall market begin to crack sometime in the next year or two. From MarketWatch, December 11....*****We happened to catch the Google story via the NYT on Monday evening: "Quantum Computing Inches Closer to Reality After Another Google Breakthrough" (GOOG).The next trading day it was up ~5%. Today it set a new all-time-high.
If interested we have quite a few posts on D-Wave and to a lesser extent Rigetti. Use the 'search blog' box upper left.
One final word on risk. If an overvalued company you are short actually has some worthwhile technology there is a real risk that they might be acquired for that technology, which can wreck your whole day.
Or more importantly your annual bonus.
Quantum Stocks Drop as Nvidia CEO Sees Use Years Away
Could not agree more.*....
"Nvidia’s Jensen Huang is ‘dead wrong’ about quantum computers, D-Wave CEO says" (QBTS; RGTI; IONQ)
Not exactly a Quantum of Solace for speculators down 35 - 45% yesterday but then D-Wave's CEO is no Daniel Craig:
On the other hand Mr. Craig isn't an MIT-trained computer science PhD and former Warburg Pincus MD where he crossed paths with Bill Janeway.
And hundreds more including a 2019 post that might induce :
"Quantum gold rush: the private funding pouring into quantum start-ups"
