Recent remarks by NVIDIA CEO Jensen Huang have sparked debate about the near-term potential of quantum computing. Speaking to Investing.com, Huang expressed skepticism regarding the development timeline for practical quantum computers, stating, “If you say 15 years for very useful quantum computers, that might be optimistic. If you say 30 years, that’s probably pessimistic. But if you say 20 years, I think many of us would agree.” His comments triggered a sell-off in quantum computing stocks.
D-Wave and IonQ Respond to NVIDIA’s Doubts
D-Wave Quantum CEO Alan Baratz promptly refuted Huang’s claims in an interview with CNBC, asserting that Huang’s assessment was inaccurate. IonQ CEO Peter Chapman also supported Baratz, highlighting the significant advantages quantum computers offer. However, despite these reassurances, investor confidence remained shaken, leading to another wave of sell-offs in quantum-focused equities.
Microsoft Predicts a Quantum Milestone in 2025
Amid the uncertainty, tech giant Microsoft delivered a bold prediction. In a statement released Tuesday, Microsoft announced its belief that 2025 could mark the beginning of a “quantum-ready” era. The company described the present moment as being “on the cusp of reliable quantum computers capable of solving meaningful problems and unlocking new business opportunities.”
Microsoft foresees an acceleration in quantum research and development over the next 12 months. It emphasized the urgency for executives to better understand quantum technology, stating, “There is an immediate need for information and deeper insights into how advancements in quantum physics can impact the real world.” To address this, Microsoft unveiled its new Quantum Ready program, designed to equip business leaders with the necessary tools and knowledge to prepare for quantum computing’s transformative potential.
Quantum Stocks Bounce Back
Following Microsoft’s optimistic forecast, quantum computing stocks saw a significant recovery. On Tuesday, shares of D-Wave Quantum surged by 23.5%, closing at $4.73 on the NYSE. IonQ shares also climbed 5.92% to reach $29.51, while Rigetti Computing shares skyrocketed by 47.93%, ending the day at $8.95 on the NASDAQ.
This positive momentum carried into midweek trading. By Wednesday, D-Wave Quantum shares rose another 26.64%, trading at $5.99. IonQ stock saw a further gain of 15.62%, reaching $34.12, while Rigetti Computing shares increased by 22.04%, hitting $10.92.
The Road Ahead for Quantum Computing
The divergent perspectives between NVIDIA and quantum computing companies like D-Wave and IonQ underscore the uncertainties surrounding the timeline for practical quantum computing. However, with Microsoft’s ambitious projections and recent stock market rebounds, optimism appears to be growing among investors and industry stakeholders. The coming years will likely determine whether these technological breakthroughs live up to their transformative promise.
