Why Nvidia's Quantum Outlook Crushed IonQ and Rigetti Computing

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Why Nvidia's Quantum Outlook Crushed IonQ and Rigetti Computing

//stocks-investing.news-articles.net/content/202 .. -outlook-crushed-ionq-and-rigetti-computing.html

Published in Stocks and Investing on Monday, January 13th 2025 at 22:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Therefore, Huang's prediction that quantum computers won't go mainstream for 15 to 30 years sounds reasonable. It took Nvidia about two decades for its gaming and professional vis

The article discusses Nvidia's significant impact on the quantum computing sector, overshadowing smaller players like IonQ and Rigetti Computing. Nvidia's CEO, Jensen Huang, announced at the GTC conference that the company is developing a quantum computing platform, which led to a sharp decline in the stock prices of IonQ and Rigetti. Nvidia's approach involves using its existing GPU technology to simulate quantum circuits, aiming to make quantum computing more accessible and practical for businesses. This move not only positions Nvidia as a formidable player in the quantum computing market but also leverages its established technology to potentially outpace competitors who are focusing solely on quantum hardware. The article highlights the market's reaction, with Nvidia's stock rising while IonQ and Rigetti saw their shares drop significantly, reflecting investor concerns about Nvidia's competitive edge in this emerging field.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/why-nvidia-s-quantum-outlook-crushed-ionq-and-rigetti-computing/ar-BB1roKGo ]