Latest news with #CudaQ
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a day ago
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Nvidia (NVDA) CEO Signals Quantum Inflection Point
Nvidia (NVDA, Financials) CEO Jensen Huang said Wednesday that quantum computing is at an inflection point, signaling a more optimistic stance toward the emerging technology. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Speaking at the companys GTC Paris developer conference, Huang said quantum systems could soon be applied to solve complex problems across sectors like science, finance and medicine. We are within reach, he said, referring to practical applications in the next few years. Huang cited Nvidias own work on Cuda Q, a hybrid quantum-classical solution, as a key part of the companys push into quantum. He also acknowledged Europes growing role in the sector, referencing a recent meeting with French quantum startup Pasqal. The shift in tone comes after Huang previously downplayed near-term expectations, saying in 2023 that a 20-year timeline was more realistic. Those remarks had led to a decline in shares of companies like Rigetti (RGTI, Financials) and IonQ (IONQ, Financials), though both were up in U.S. premarket trading Monday following recent developments. IonQ, for example, acquired Oxford Ionics for $1.1 billion. The comments also follow Googles progress on error correction in quantum chips, announced last year with the rollout of its Willow processor. Investors may view Huangs revised stance as a sign that Nvidia could deepen its investment in quantum computing infrastructure and tools. Nvidias next earnings report and further disclosures about its quantum roadmap will be closely watched by investors. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
a day ago
- Business
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Nvidia (NVDA) CEO Signals Quantum Inflection Point
Nvidia (NVDA, Financials) CEO Jensen Huang said Wednesday that quantum computing is at an inflection point, signaling a more optimistic stance toward the emerging technology. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Speaking at the companys GTC Paris developer conference, Huang said quantum systems could soon be applied to solve complex problems across sectors like science, finance and medicine. We are within reach, he said, referring to practical applications in the next few years. Huang cited Nvidias own work on Cuda Q, a hybrid quantum-classical solution, as a key part of the companys push into quantum. He also acknowledged Europes growing role in the sector, referencing a recent meeting with French quantum startup Pasqal. The shift in tone comes after Huang previously downplayed near-term expectations, saying in 2023 that a 20-year timeline was more realistic. Those remarks had led to a decline in shares of companies like Rigetti (RGTI, Financials) and IonQ (IONQ, Financials), though both were up in U.S. premarket trading Monday following recent developments. IonQ, for example, acquired Oxford Ionics for $1.1 billion. The comments also follow Googles progress on error correction in quantum chips, announced last year with the rollout of its Willow processor. Investors may view Huangs revised stance as a sign that Nvidia could deepen its investment in quantum computing infrastructure and tools. Nvidias next earnings report and further disclosures about its quantum roadmap will be closely watched by investors. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Business
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Quantum Stocks Jump as Nvidia Sees Inflection Point
Nvidia (NASDAQ:NVDA) CEO Jensen Huang said quantum computing is at an inflection point, sparking a premarket rally in quantum stocks after he highlighted Nvidia's Cuda Q service and suggested qubit-based systems will tackle real-world challenges in the coming years. Warning! GuruFocus has detected 4 Warning Signs with NVDA. At GTC Paris, Huang said the industry has moved from distant promise to practical reach, noting that we're within grasp of using quantum computers to solve some interesting problems. His bullish tone reversed a January warning that quantum use cases lay two decades awaya stance he revised at March's Quantum Day event. Investors bid up IonQ (NYSE:IONQ) 3.6%, Quantum Computing (NASDAQ:QUBT) 8.3%, D-Wave Quantum (NYSE:QBTS) 2.7%, Arqit Quantum (NASDAQ:ARQQ) 2.7% and Rigetti Computing (NASDAQ:RGTI) 4.5% on expectations that partnerships like Nvidia's recent collaboration with IonQ, AWS and AstraZeneca on a quantum-accelerated chemistry workflow will accelerate commercialization. Huang emphasized that Cuda Q's integration with qubit hardware and GPU acceleration will help hybrid quantum-classical models deliver speedups beyond classical limits, driving enterprise adoption across pharmaceuticals, finance and logistics. He reiterated Nvidia's roadmap for expanded quantum services on its AI Cloud, aiming to democratize access to QPUs through Amazon Braket and other platforms. Why It Matters: Huang's pivot to optimism on quantum signals that the sector may be nearing commercially viable applications, potentially unlocking a multibillion-dollar market for hardware, software and cloud services. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 days ago
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Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event
June 11 - Quantum-focused stocks climbed in early trading Wednesday after Nvidia (NVDA) Chief Executive Jensen Huang said the sector is approaching a critical phase in its development. Speaking at the GTC conference in Paris, Huang said quantum computing is nearing an inflection point, citing growing progress in making the technology more applicable for real-world problems. He also highlighted Nvidia's Cuda Q platform, a quantum computing service introduced to support further industry growth, according to a Wednesday press release. Warning! GuruFocus has detected 3 Warning Signs with RGTI. Huang said quantum systems, which process data using qubits rather than traditional bits may soon be capable of tackling meaningful challenges across industries. IonQ (NYSE:IONQ) shares advanced about 4% following the remarks, while Rigetti Computing (NASDAQ:RGTI) rose 5%. Quantum Computing (NASDAQ:QUBT) jumped 8%, and both D-Wave Quantum (NYSE:QBTS) and Arqit Quantum (ARQQ) added nearly 3%. Huang's comments mark a shift in tone. In January, he said practical use cases for quantum computing were still decades away. But by March, he revised that outlook during Nvidia's first Quantum Day, suggesting faster progress than previously expected. Earlier this week, Nvidia said it partnered with IonQ, Amazon Web Services, and AstraZeneca to develop a quantum-enhanced workflow in computational chemistry. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Business
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Nvidia Ignites Quantum Stocks Rally With Bold Forecast at Paris Event
June 11 - Quantum-focused stocks climbed in early trading Wednesday after Nvidia (NVDA) Chief Executive Jensen Huang said the sector is approaching a critical phase in its development. Speaking at the GTC conference in Paris, Huang said quantum computing is nearing an inflection point, citing growing progress in making the technology more applicable for real-world problems. He also highlighted Nvidia's Cuda Q platform, a quantum computing service introduced to support further industry growth, according to a Wednesday press release. Warning! GuruFocus has detected 3 Warning Signs with RGTI. Huang said quantum systems, which process data using qubits rather than traditional bits may soon be capable of tackling meaningful challenges across industries. IonQ (NYSE:IONQ) shares advanced about 4% following the remarks, while Rigetti Computing (NASDAQ:RGTI) rose 5%. Quantum Computing (NASDAQ:QUBT) jumped 8%, and both D-Wave Quantum (NYSE:QBTS) and Arqit Quantum (ARQQ) added nearly 3%. Huang's comments mark a shift in tone. In January, he said practical use cases for quantum computing were still decades away. But by March, he revised that outlook during Nvidia's first Quantum Day, suggesting faster progress than previously expected. Earlier this week, Nvidia said it partnered with IonQ, Amazon Web Services, and AstraZeneca to develop a quantum-enhanced workflow in computational chemistry. This article first appeared on GuruFocus.
