Nvidia (NVDA) CEO Jensen Huang is getting more bullish on quantum computing. This led to similar sentiment among quantum stock investors. Speaking at NVIDIA’s GTC Paris Developers Conference on Wednesday, Huang declared that Quantum remains with us, and will be important for computing and technology in the near future. “Quantum computing is reaching an inflection point,” Huang said in his keynote.
“We’re out of reach,” Huang added, “We can apply quantum computers in the area where we can solve some interesting problems over the next few years.” Quantum computers are machines that use the laws of quantum mechanics to solve problems that are too complicated for classical computers that store information in bits (one and zeros). Quantum computers use qubits, or “Qubits.” This can be zero, one, or in between. The aim is to process large amounts of data to facilitate breakthroughs in areas such as medicine, science and finance.
Quantum computing has been booming recently, with quantum inventory rising. Nvidia CEO Huang’s opinion on the industry has previously been bearish, saying that the quick timeline for quantum establishment is “too early.” But Huang has now changed his songs.
Wednesday fans said they were impressed by the “large community” of quantum computing companies in Europe. He added that he met with a representative from French quantum startup Pasqal earlier this week. Nvidia is not the only top tech company on the bullish side of quantum engineering. At the end of last year, Google announced its latest quantum chip, Willow. He said this marked a major breakthrough in so-called “error correction.” This is a set of technologies used to protect quantum information from errors. I’m also looking for IBM Create a quantum computer It may be error free.
At the time of pressing, Quantum Computing Inc. (QUBT) shares were above 20%, currently exceeding $19 per share.
