When Nvidia’s leather-jacketed CEO Jensen Huang dropped his quantum computing prediction at CES, claiming practical quantum tech was 20 to 30 years away, the industry collectively went into freakout mode. Stocks like Rigetti Computing and D-Wave Quantum lost as much as half of their share value in a day as investors panicked over Huang’s timeline that they might be dead and gone by the time these stocks could actually turn a profit. But it turns out that Huang’s hot take might just be, well, hot air.
Huang doubled down during a Wall Street analyst Q&A, he dismissed the idea of “very useful quantum computers” being ready anytime before 2045. His argument centered on error correction, a crucial hurdle for quantum tech that he believes makes mainstream adoption decades away. Sure, he’s not entirely wrong… his timeline might hold water for gate-based quantum systems that need error correction to function. But quantum tech isn’t some monolithic Borg cube. (Yes, Star Trek fans, I see you.)
D-Wave CEO Dr. Alan Baratz wasn’t about to let Huang get away with that sweeping generalization. Baratz quickly clapped back with receipts, pointing out that Huang’s narrow focus ignores quantum annealing (a different approach that skips the whole error correction fiasco entirely). Is it perfect? No. But it’s fast, reliable, and (cover your ears, Jensen) already solving real-world problems. On the other hand, Huang seems to think D-Wave’s tech is a science project gathering dust in a lab. (It’s not.)
Need more receipts that this tech is legit? Ford Otosan used D-Wave’s systems to cut computation times from 30 minutes to literal seconds. NTT Docomo increased its cell tower capacity by 15%. Pattison Food Group shaved 80% off its workforce scheduling time. Even Mastercard has reimagined its loyalty programs with quantum precision. Again, these aren’t pipe dreams… they’re happening now, while Huang’s still out there telling everyone to wait for 2045.
So, why is Huang so dismissive? It’s obvious… Nvidia is swimming in cash thanks to the AI boom, and quantum computing could be a threat to his chip empire. If quantum takes off, companies might start looking for solutions that don’t require Nvidia’s GPUs to run everything from AI models to video game graphics. Veteran trader Stephen Guilfoyle suspects Huang’s skepticism might have more to do with protecting Nvidia’s butt than accurately assessing quantum tech’s progress.
So yeah, if you didn’t already know this… not everything you hear on the news (or from your favorite tech CEO) is the gospel truth.
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Stock.News does not have positions in companies mentioned.
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