The quantum computing market collapses after the warning from the head of Nvidia

“If you said that [осталось ждать] 15 years until useful [в практическом использовании] quantum computers, that would probably be an understatement. if you said that [осталось] 30 years would probably be an exaggeration. But if you choose 20 years, I think a lot of people would be willing to believe it,” Huang said when asked by a Wall Street analyst about the growth horizon of quantum computing technology.

The opinion of the director of Nvidia had an extremely negative effect on the actions of companies dedicated to quantum computers, since Huang’s forecasts, due to Nvidia’s position in the artificial intelligence market, will have a “great impact” in the dynamics of values, the publication points out. grades.

According to Yahoo Finance, in the pre-market market at the time of publication of the article (17%, 55 Moscow time) shares of IonQ Inc. fell by 19.94% to $39.7 per share, shares of Quantum Computing Inc. – up 30.19% to $12.21 per share, and Rigetti Computing Inc. shares – up 27.51% to $13.33. The total capitalization loss of the three companies will amount to more than $2 billion. Furthermore, before Huang’s announcement by 2024, the growth of Rigetti Computing shares will be more than 1,700%, IonQ – 313%, and Quantum Computing – 2,038%.

On January 6 of this year, Forbes columnist Peter Cohen predicted a rapid decline in the shares of the main players in the quantum computing market due to investor disappointment in the speed of progress in quantum computing technologies. quantum computing; So far, innovative machines make too many mistakes. , they require huge investments and development time, and the cost of their developers is significantly overrated.

Previously, Google presented a new quantum chip, Willow, based on 105 qubits, which in five minutes solved a mathematical problem of such complexity that standard supercomputers would take more than 10 septillion years, which exceeds the age of the Universe.