It’s been a month since Google (GGOGL) first introduced its Willow quantum chip which has catapulted the entire ecosystem of quantum computing by hundreds of percent within a few weeks.
Over the past year, Rigetti Computing (NASDAQ:RGTI) spiked more than 900%, D-Wave Quantum (NYSE:QBTS) rising nearly 600%, and IonQ (NYSE:IONQ) has increased by nearly 150%.
And yesterday the market was made realized that the innovation offered by quantum computing may take decades to become commercially viable to give financial impact.
Nvidia CEO Jensen Huang, often dubbed as the AI Godfather, said in CES 2025 that useful quantum computers are likely 15 to 30 years away from becoming commercially viable.
Huang said If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it’s probably on the late side,. He continued If you picked 20, I think a whole bunch of us would believe it.
The market reacted to the revelation by pulling back the stocks to drop more than 40% each in only a day: IonQ dropped by 39%, Rigetti plunged 46.25%, D-Wave followed the peers to go down by 47.70% and QUBT dropped by 43.44%.
Responding to the statement, D-Wave CEO Alan Baratz strongly disagreed to Huang saying he is dead wrong. “Not 30 years from now, not 20 years from now, not 15 years from now, but right now today” he stated.
Baratz explained that D-Wave is already partnered with Mastercard Inc and Japan’s NTT Docomo for commercial use and that’s the evidence that quantum computers are already applied affecting our lives.
Baratz continued “I’ll be happy to meet with Jensen any time, any place, to help fill in these gaps for him”.
Checking the numbers, in the last 12 quarters D-Wave makes revenue but still doesn’t cover the capital spent for the operations.
And the financial position is like screaming for help. We don’t know until when the capital of the investors can handle the loss business.
Quantum computing is a new industry, and the adoption is not yet widespread. However, when the adoption is commonly used with higher partnerships happen, and more revenue coming in to cover the operational costs and spare profits in the end, quantum computing business will undoubtedly become a highly intriguing industry to follow.
This article first appeared on GuruFocus.
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