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During a recent Q&A session at the Consumer Electronics Show in Las Vegas, Nvidia CEO Jensen Huang issued a stark warning about the future of quantum computing, declaring that practical quantum computing applications are still at least two decades away. His comments came shortly after Alphabet introduced its new quantum chip, Willow, which had generated significant excitement in the investment community.
The announcement of the Willow chip had previously resulted in a surge of interest and prices among quantum computing stocks. However, Huang's prediction caused a dramatic sell-off as investors reacted to the long timeline, fearing that their investments would remain dormant for too long.
Despite Huang's caution, not all leaders in the quantum field share his outlook. D-Wave Quantum CEO Alan Baratz disagreed, arguing that while gate-based quantum computing may take time to become truly useful, his company's annealing approach is already deployable. Nevertheless, D-Wave reported a significant drop in revenue in the past year, suggesting challenges in the sector.
As the market reassesses its investments in quantum technology, experts suggest that investors may want to consider more stable options, such as stocks in companies like Alphabet, that offer a blend of existing businesses alongside quantum computing ventures, rather than relying solely on high-risk pure-play quantum firms.