šÆ [Daily Poll] Jensen Huang: Quantum Computing Still Decades Away
Quantum computing stocks, once hailed as the next AI-driven boom, hit a wall after Nvidia CEO Jensen Huangās remarks at Analyst Day.
r/wallstreetbets
Huang tempered expectations, stating quantum computing is best for small data and complex computations but struggles with large datasets. He projected āvery usefulā quantum computers could be 20 years away, aligning with Boston Consulting Groupās prediction of full-scale fault tolerance only post-2040.
Stocks like $IONQ Inc.(IONQ)$, $Rigetti Computing(RGTI)$, $D-Wave Quantum Inc.(QBTS)$ tumbled, with losses between 30-50%.
Is the quantum hype ahead of its time?[Doubt]
What's your take on quantum stocks?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- fibanceĀ·01-10TOP$IONQ Inc.(IONQ)$ āNvidia is a company selling graphics card for PC gamingā. Thatās what I honestly thought 20 years ago. In the short term, we tend to over-estimate but in the long-term we under-estimate the potential of a company/technology. So it boils down to how likely is a company to survive the next 20 years.LikeReport
- highhandĀ·01-09quantum computing is 20 years or more before this thing can work properly and be used. don't waste time... just buy the profitable companiesLikeReport
- Sherniceč»å¬£ 2000Ā·01-10We must not underestimate the advancements in quantum computing. Current progress in AI cannot reliably forecast the trajectory of quantum technologies. I anticipate that space exploration will increasingly rely on quantum computing for complex calculations, alongside applications in weather forecasting and geological studies. Ultimately, the convergence of quantum and AI technologies promises to yield powerful applications that could revolutionize various fields.LikeReport
- Twelve_EĀ·01-09Jensen Huang is like a nightmare for quantum stocks[Facepalm]2Report
- OptionspuppyĀ·01-09Nvda new higher earnings !1Report