In the ever-evolving world of technology, narratives can shift as quickly as the stock market. Only earlier this week, Nvidia’s (NVDA) CEO, Jensen Huang, rained on the quantum parade, declaring that useable quantum technology is still at least 20 years away. This naturally sent quantum stocks to meet the bottom. Mark Zuckerberg didn’t wish to miss the party, echoed Huang’s assessments, and downplayed the quantum industry’s progression.
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A week has passed, and Nvidia declared its first Quantum Day at the GPU Technology Conference (GTC), which will take place in March 2025. This news has sparked a surge of enthusiasm in the quantum computing sector.
For instance, Rigetti Computing’s (RGTI) stock jumped over 22% in one day, while D-Wave Quantum’s (QBTS), which had its CEO react ferociously to Huang’s claims, saw its shares do the same and climb over 22%. Due to Nvidia’s announcement, Quantum Computing Inc. and IONQ Inc. also saw significant increases.
Nvidia’s Quantum Day
Nvidia’s Quantum Day, scheduled for March 20, 2025, promises to be a landmark event. Industry leaders and experts will unite to discuss quantum computing and its future trajectory. This upcoming event will emphasize quantum computing’s potential to solve complex problems like drug discovery and financial forecasting. It will feature insights from executives, hands-on training sessions, and a unique address revealing the latest Nvidia quantum computing news.
There is no doubt that this event will create more collaborations between the various quantum computing players, which might accelerate the time frame for achieving quantum breakthroughs or, the more trending term – Quantum Supremacy. However, one cannot avoid the feeling that Nvidia and its CEO wish to control the narrative in everything related to the quantum industry.
Moreover, Nvidia’s current target is not building pure quantum computing chips or processors but a hybrid computer with both transistors and quantum chips, which only enhances this feeling of Nvidia’s efforts to get a grip on the process somehow. The company and its CEO see a rapidly growing industry that manages and achieves technological milestones way ahead of time, and this is a well-thought strategy to keep all participants under Nvidia’s wings and monitoring.
Microsoft to the Rescue
In a surprising development, Microsoft’s (MSFT) strategic missions and technologies chief, Mitra Azizirad, declared 2025 as “the year to become Quantum-ready.” Her optimistic outlook breathed new life into the market, probably reflecting the next few years to come; this up-and-coming new tech will be sensitive to all declarations—bullish or bearish. Therefore, quantum stocks will swiftly react to any investors’ mood swings, regardless of any company’s progression and fundamentals.
As we look ahead to Quantum Day and beyond, one thing is clear: the race for quantum supremacy is on, and Nvidia is determined to be at the forefront.
