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NVIDIA (Nvda-0.95%) The Director General Jensen Huang tried to control the damage after his doubts about quantum computers landed the stocks – but they are in any case received.
Despite the apologies of Huang during the manufacturer of Tamias of AI Quantum day Thursday, the actions of D-Wave Quantum (QBTS-5.12%), Rigetti Computing (Rgti-2.28%), Quantum IT (Qubt-0.88%), and ionq (Ionq+ 3.78%) All fell – some by two -digit percentages.
Friday at the opening of the market, quantum computing shares fell by around 10%, while Rigetti and D-Wave decreased by more than 4%and Ionq increased by less than 1%. Later in the morning, some of the actions were back up, with Ionq by more than 5%, calculation D and quantum calculation of less than 1%and Rigetti dropped by less than 2%.
During the event, which was held during Annual conference of NVIDIA GTC developersHuang said he didn’t know that there were quantum computing companies listed on the stock market when he made comments in January that had led actions to be lowered by more than 40%.
“My first reaction was that I didn’t know they were public”, ” Huang said in the remarks reported by Bloomberg. “How can a quantum business be public?”
During Nvidia financial analysts day at the Consumer Electronics Show earlier this year, Huang said he thought that “useful quantum computers” are still decades.
“If you said 15 years old for very useful quantum computers, it would probably be the earliest,” said Huang. “If you said 30 years old, it’s probably on the late side. But if you have chosen 20, I think a whole group of us would believe it.”
Huang added that he expects Nvidia to play “an important role” in the development of quantum computers and pushes him to get there “as quickly as possible”.
“This is the first event in history where a CEO of the company invites all the guests to explain why he was wrong,” said Huang on Thursday, According to CNBC.
Huang added that he thought that “quantum computer science has the potential and all our hopes that it will have an extraordinary impact”, but that “technology is incredibly complicated”.
Meanwhile, quantum computers reported Fourth quarter profits After the closing of the market on Thursday, showing that total turnover fell to $ 62,000, compared to $ 75,000 in the fourth quarter of 2023.
“The increase in the gross margin is mainly awarded to the reduction in the costs of goods sold during the 2024 period,” said the company.
At the same time, the operating expenses of the company increased to $ 8.9 million, compared to $ 6.6 million the previous year.