🎯 [Daily Poll] Jensen Huang: Quantum Computing Still Decades Away

MillionaireTiger
01-09

Quantum computing stocks, once hailed as the next AI-driven boom, hit a wall after Nvidia CEO Jensen Huang’s remarks at Analyst Day.

r/wallstreetbetsr/wallstreetbets

Huang tempered expectations, stating quantum computing is best for small data and complex computations but struggles with large datasets. He projected “very useful” quantum computers could be 20 years away, aligning with Boston Consulting Group’s prediction of full-scale fault tolerance only post-2040.

Stocks like $IONQ Inc.(IONQ)$, $Rigetti Computing(RGTI)$, $D-Wave Quantum Inc.(QBTS)$ tumbled, with losses between 30-50%.

Is the quantum hype ahead of its time?[Doubt]

What's your take on quantum stocks?(Maximum1 votes)
  • Too early - hype is fading(19 votes)
  • Bullish long - term-just a dip(30 votes)
  • Speculative but trading the swings(12 votes)
  • Staying out - too risky right now(11 votes)
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Comments

  • fibance
    01-10
    fibance
    $IONQ Inc.(IONQ)$ “Nvidia is a company selling graphics card for PC gaming”. That’s what I honestly thought 20 years ago. In the short term, we tend to over-estimate but in the long-term we under-estimate the potential of a company/technology. So it boils down to how likely is a company to survive the next 20 years.
  • highhand
    01-09
    highhand
    quantum computing is 20 years or more before this thing can work properly and be used. don't waste time... just buy the profitable companies
  • Sherniceè»’ćŹŁ 2000
    01-10
    Sherniceè»’ćŹŁ 2000
    We must not underestimate the advancements in quantum computing. Current progress in AI cannot reliably forecast the trajectory of quantum technologies. I anticipate that space exploration will increasingly rely on quantum computing for complex calculations, alongside applications in weather forecasting and geological studies. Ultimately, the convergence of quantum and AI technologies promises to yield powerful applications that could revolutionize various fields.
  • Twelve_E
    01-09
    Twelve_E
    Jensen Huang is like a nightmare for quantum stocks[Facepalm]
  • Optionspuppy
    01-09
    Optionspuppy
    Nvda new higher earnings !
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