D Wave Quantum CEO Alan Baratz said: Nvidia’s On Wednesday, Jensen Huang said quantum computing was “completely wrong” after comments from the semiconductor giant’s head shocked Wall Street.
Huang was asked Tuesday about NVIDIA’s quantum computing strategy. He said Nvidia could manufacture the conventional chips needed alongside quantum computing chips, but those computers would have 1 million times the number of quantum processing units, called qubits, that it currently has. said that it would be necessary.
Huang told analysts that it could take 15 to 30 years to bring a “very useful quantum computer” to market.
Hwang’s comments caused stock prices in the emerging industry to plummet. D-wave rush Wednesday is 36%.
“The reason he’s wrong is because today we at D-Wave are commercial,” Baratz said on CNBC’s Deirdre Botha’s “The Exchange.” According to Baratz, companies such as: master card Japan’s NTT Docomo is “currently using our quantum computers in production environments to benefit business operations.”
“Not 30 years from now, not 20 years from now, not 15 years from now,” Baratz said. “But today is now.”
D-Wave’s revenue remains minimal. Revenue for the latest quarter was $1.9 million, down 27% from $2.6 million in the same period last year.
Quantum computing holds promise for solving problems that are difficult to solve with current processors, such as breaking codes, generating random numbers, and large-scale simulations. Engineers have been working on this technology for decades, and companies like Nvidia, Microsoft, and IBM are now pursuing it with startups and university researchers.
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks while holding a Project Digits computer at the 2025 CES event on Monday, January 6, 2025 in Las Vegas, Nevada, USA. We provide chips, software, and services and aim to remain at the forefront of artificial intelligence computing. Photographer: Bridget Bennett/Bloomberg via Getty Images
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D-Wave was one of many companies that saw renewed interest from investors in December. google Announced breakthroughs in original research. Google announced it has completed a 100-qubit chip, the second of six steps in its strategy to build a million-qubit quantum system.
D-Wave stock soared 178% in December after surging 185% in the previous month. quantum company righetti computingwhich plunged 45% on Wednesday, has quintupled in value in the last month. ion Q It fell 39% on Wednesday. The stock rose 14% in December, following a 143% rise in November.
Baratz acknowledged that one approach to quantum computing, called gate-based, could be decades away. But he said that because it uses an annealing technique, it can be implemented now.
Huang’s “comments may not be completely outside the norm for gate-model quantum computers, but they are 100% outside the norm for annealing quantum computers,” Baratz said.
Nvidia declined to comment.
Even after Wednesday’s drop, D-Wave’s stock price is up about 600% over the past year, giving the company a market capitalization of $1.6 billion.
Quantum computing is also being boosted by investor interest in artificial intelligence, a technology that has led to a surge in demand for Nvidia’s graphics processing units, which use traditional transistors instead of qubits. Nvidia’s market capitalization has increased 168% over the past year to $3.4 trillion.
Baratz said the D-Wave system can solve problems beyond the capabilities of the fastest Nvidia-powered systems.
“I would be happy to meet Jensen anytime, anywhere and help fill in the gaps for him,” Baratz said.
Spotlight: D-Wave CEO responds to Huang’s comments
