Nvidia CEO Jensen Huang Calls Quantum Computing an 'Inflection Point,' Sparking Rally in Quantum Stocks
Nvidia CEO Jensen Huang said that quantum computing technology is reaching an 'inflection point,' meaning it is close to making a significant impact. Huang made these comments at the VivaTech conference and at Nvidia's GTC Paris developer event. He explained that quantum computers may soon be able to solve real-world problems that traditional computers cannot handle.
This statement marks a shift from Huang's earlier, more cautious view about the timeline for useful quantum computing. Previously, he suggested it could take 15 to 20 years before practical results would be seen. Now, he suggests that useful applications are possible 'in the coming years.'
Following Huang's remarks, stocks of several quantum computing companies, including Quantum Computing (QUBT), D-Wave, Rigetti, and IonQ, saw sharp increases. Investors responded to the view that advances in quantum computing may be closer than previously thought.
In addition to his comments on quantum computing, Huang highlighted the fast growth of artificial intelligence (AI) in Europe, with plans for over 20 new 'AI factories' and significant partnerships with European governments and companies.
It means the technology is close to making a big leap forward, with practical uses becoming possible soon.
Investors reacted to Jensen Huang's positive comments, which suggested that useful advances in quantum computing may arrive sooner than expected.
Nvidia is a leader in advanced computing hardware and software for artificial intelligence and emerging technologies like quantum computing.
Nvidia shared plans for major AI growth in Europe, including new data centers and alliances with European governments and companies.
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