Latest news with #QuantaComputer
Yahoo
22-05-2025
- Business
- Yahoo
Nvidia Powers Big Gains For Quanta, Pegatron As AI Demand Explodes
Nvidia Corp's (NASDAQ:NVDA) Taiwanese partners Quanta Computer and Pegatron Corp projected upside from the artificial intelligence frenzy at the Computex trade show in Taipei on Tuesday. AI server provider Quanta Computer expects server revenue to grow steadily in the coming quarters, with sales of AI and general servers posting a double-digit percentage in 2025. Shipments of Quanta's servers equipped with Nvidia's GB200 chips, which began at the end of March, will likely remain steady this quarter, while shipments of GB300 servers will start by the second half of 2025, the Taipei Times reported Thursday, citing a Quanta AI demand frenzy prompted Quanta to boost capital expenditure by ~40% to NT$20 billion ($663.17 million). Nvidia co-founder and chief Jensen Huang described the GB300 server as a supercomputer for an AI factory. Pegatron projected triple-digit server revenue growth this quarter sequentially backed by the demand frenzy. It held a more optimistic outlook for its server business in the second half of the year than the first, the Taipei Times reported Thursday, citing co-chief Johnson Teng at the Computex trade show. Apple Inc's (NASDAQ:AAPL) Taiwanese iPhone assembler plans to ship more server samples this quarter and expects annual server revenue to double from last year, Teng said. Server products based on Nvidia Corp's GB300 chips will likely gain traction in the second half of 2025, as per Teng. The company has also identified potential opportunities in Japan and the Middle East. BofA Securities analyst Vivek Arya noted Nvidia's expanding AI portfolio spans cloud, robotics, quantum, and 6G, driving a multi-trillion-dollar market opportunity. He stated that Nvidia's key differentiators include its ability to expand its addressable market across multiple vectors of silicon, systems, software, and services, drive scale with global supply-chain partners, and solid balance sheet to make strategic investments in the ecosystem. Price Action: NVDA stock traded higher by 1.58% to $133.88 at last check Thursday. Read Next:Photo by gguy via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NVIDIA (NVDA): Free Stock Analysis Report This article Nvidia Powers Big Gains For Quanta, Pegatron As AI Demand Explodes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
13-05-2025
- Business
- Yahoo
Rigetti Computing Inc (RGTI) Q1 2025 Earnings Call Highlights: Strategic Partnerships and ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rigetti Computing Inc (NASDAQ:RGTI) has been selected to participate in DARPA's quantum benchmarking initiative, advancing their utility scale quantum computer concept. The company received an AFOSR award to further develop their breakthrough chip fabrication technology, ABAA, in collaboration with prestigious institutions. Rigetti Computing Inc (NASDAQ:RGTI) was awarded three Innovate UK Quantum Miss Pilot Awards to advance superconducting quantum computing. The company successfully demonstrated optical control of a superconducting qubit, which could significantly aid in scaling quantum systems. Rigetti Computing Inc (NASDAQ:RGTI) closed a strategic investment deal with Quanta Computer Inc, securing approximately $35 million. Revenues in the first quarter of 2025 were $1.5 million, a decrease from $3.1 million in the first quarter of 2024. Gross margins dropped to 30% in Q1 2025 from 49% in Q1 2024, partly due to lower margin contracts. Operating expenses increased to $22.1 million in Q1 2025 from $18.1 million in the prior year, driven by salary increases and stock compensation expenses. The company reported an operating loss of $21.6 million for Q1 2025, up from $16.6 million in the previous year. The passage and appropriation of the NQI reauthorization bill, which is crucial for funding, has been delayed, impacting potential sales and funding opportunities. Warning! GuruFocus has detected 5 Warning Signs with RGTI. Q: Can you provide an update on the progress of deploying chiplets to achieve 36 qubits by mid-year and over 100 by the end of 2025? A: (CEO) Deploying chiplets is crucial for scaling up qubits. We are confident in achieving 49 qubit chiplets by mid-year and over 100 qubits by year-end. Our previous attempts with two chiplets have been successful, and we believe this approach is essential for scaling superconducting qubits effectively. Q: What is the status of the NQI reauthorization Act, and how does it impact your funding? A: (CEO) The NQI reauthorization Act has bipartisan support, but it hasn't passed yet. Once it does, it will take a couple of months for funds to be appropriated. We are optimistic about its passage soon, which is crucial for funding quantum computing initiatives. Q: Can you elaborate on the DARPA contract and its significance? A: (CEO) The DARPA Quantum Benchmarking Initiative aims to build utility-scale quantum computing in the next seven years. We are in phase A, focusing on demonstrating chiplets and high fidelity. Success in this phase could lead to further phases with increased funding and strategic importance. Q: How is the interest from customers regarding your quantum processors, and what are the current challenges? A: (CEO) Quantum computing is still in the R&D phase, with interest primarily from government contracts and academic researchers. Sales are currently one-off and lumpy. We anticipate commercial sales to become significant in 3-5 years when quantum advantage is achieved. Q: What are the strategic implications of the partnership with Quanta Computer Inc.? A: (CEO) Quanta's $35 million investment is part of a $250 million commitment over five years to develop non-QPU hardware. This partnership allows us to focus on QPU development while leveraging Quanta's expertise in high-volume manufacturing, accelerating our timeline to market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. 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
Yahoo
14-03-2025
- Business
- Yahoo
Vuzix Corp (VUZI) Q4 2024 Earnings Call Highlights: Strategic Partnerships and Cost Management ...
Total Revenue (Q4 2024): $1.3 million, up from $1.1 million in Q4 2023. Total Revenue (Full Year 2024): $5.8 million, down from $12.1 million in 2023. Gross Loss (Full Year 2024): $5.6 million, compared to a loss of $2.6 million in 2023. Net Loss (Q4 2024): $13.7 million or $0.16 per share, compared to $19.9 million or $0.32 per share in Q4 2023. Net Loss (Full Year 2024): $73.5 million or $1.08 per share, compared to $50.1 million or $0.79 per share in 2023. Cash Position (End of 2024): $18.2 million, a decrease of $8.4 million from the end of 2023. Net Cash Flows Used in Operating Activities (2024): $23.7 million, compared to $26.3 million in 2023. R&D Expenses (Full Year 2024): $9.6 million, down 22% from $12.3 million in 2023. Sales and Marketing Expenses (Full Year 2024): $8.2 million, down from $12.7 million in 2023. General and Administrative Expenses (Full Year 2024): $17.2 million, down 7% from $18.6 million in 2023. Cash Used in Investing Activities (2024): $2.9 million, down from $19.3 million in 2023. Financing Activities (2024): Raised $18.3 million, including a $10 million investment by Quanta Computer. Warning! GuruFocus has detected 4 Warning Signs with VUZI. Release Date: March 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Vuzix Corp (NASDAQ:VUZI) has established a strategic partnership with Quanta Computer, which includes a $20 million multiphase investment, enhancing their credibility and market reach. The introduction of the Ultralite Pro AR smart glasses platform has received positive feedback and was awarded Best in Show by Wareable at CES 2025. Vuzix Corp (NASDAQ:VUZI) has reduced its research and development expenses by 22% and sales and marketing costs by 36% in 2024, reflecting effective cost management. The company anticipates significant growth in customer wins across OEM and enterprise businesses in 2025, driven by increased demand for their smart glasses. Vuzix Corp (NASDAQ:VUZI) has a strong financial foundation with $18 million in cash and cash equivalents as of year-end 2024, providing flexibility to support growth initiatives. Vuzix Corp (NASDAQ:VUZI) reported a decrease in total revenues for the full year 2024, from $12.1 million in 2023 to $5.8 million, indicating a significant decline in sales. The company experienced an overall gross loss of $5.6 million for 2024, primarily due to inventory obsolescence reserves and increased manufacturing overhead costs. Product sales decreased by 58% year over year, largely due to a decline in unit sales of the M400 product compared to the previous year. Vuzix Corp (NASDAQ:VUZI) faces competitive threats from larger players entering the AR smart glasses market, which could impact their market share. The net loss for the full year 2024 was $73.5 million, an increase from the $50.1 million net loss in 2023, partly due to the write-off of a technology license and investment. Q: Can you clarify the inventory status of the M400 smart glasses and your plans for selling them in 2025? A: Paul Travers, CEO, stated that there is approximately $9 million worth of M400 inventory. Grant Russell, CFO, added that this inventory could generate $9 to $10 million plus any margin. They are not investing further in the M400 until the existing stock is moved, but there is potential for increased demand from companies moving past proof of concept to larger orders. Q: When do you expect the ramp-up of millions of units with Quanta to start, and what is the expected average selling price (ASP)? A: Paul Travers, CEO, mentioned that production programs should start before the end of the year, with significant activity expected in the fall and winter. The ASP for waveguides in high volumes could be significantly lower than competitors, potentially under $50 per unit. Q: What production capacity do you expect to achieve by the end of 2025, and how will this support your goal of supplying millions of units to OEMs? A: Paul Travers, CEO, explained that the Quanta investment is focused on achieving high-volume capacity. They are close to meeting milestones for additional funding, which will support production of over 1 million units annually. The goal is to eventually reach smartwatch-like volumes, with potential for much higher production in the future. Q: How do you plan to allocate the $10 million received from Quanta and the additional $10 million expected in 2025? A: Paul Travers, CEO, stated that the funds will be used for R&D, production, and market expansion, aligning with Vuzix's strategic goals. The investment supports next-generation product development and increased production capacity. Q: How does Vuzix assess the competitive threat from larger players entering the AR smart glasses market, and what differentiates Vuzix's offerings? A: Paul Travers, CEO, acknowledged the presence of competitors but emphasized Vuzix's competitive advantages, including price, performance, and experience. Vuzix's partnerships and proprietary technologies position them well in the market, and they welcome competition as it validates the industry. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Bloomberg
28-02-2025
- Business
- Bloomberg
Rigetti and Quanta Aim to Speed up Quantum Commercialization
Quantum computer developer Rigetti and Taiwan-based server manufacturer Quanta Computer plan to spend a combined $500 million to accelerate development and commercialization of superconducting quantum computing. Rigetti's CEO Subodh Kulkarni joins Caroline Hyde and Jackie Davalos on "Bloomberg Technology." (Source: Bloomberg)
