Jensen Huang, Nvidia’s CEO, will defend the company’s dominance in the AI chip market amid growing concerns about costs during the upcoming firm’s annual developer conference. As the industry leader in high-performance chips, Nvidia has benefited from the surge in AI demand, but competition and shifting market trends are putting pressure on its position.
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, today announced that it has published a new research paper introducing a novel blockchain architecture that uses techniques from its quantum supremacy demonstration. By adding quantum to traditional blockchain computation, the new architecture could enhance blockchain security and efficiency. As part of this research, D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time.
In today’s Market 360, I’d like to spend some time tackling your most pressing questions about NVIDIA’s Q Day, quantum computing and how you can position your portfolio to benefit from this fascinating opportunity.
Nvidia's Quantum Day will show off the mind-bending principles of quantum mechanics to process information in ways classical computers could never achieve. This isn’t just a faster chip or a new programming trick; it’s a whole new way of computing.
U.S. stock markets traded lower on Tuesday as investors awaited the Federal Reserve's interest rate decision. The Dow Jones Industrial Average slipped 0.6% to 41,581.31
D-Wave Quantum Inc. (NYSE: QBTS) shares traded lower on Tuesday as quantum stocks experience volatility ahead of Nvidia Inc's (NASDAQ: NVDA) Quantum Day, which is set to take place during the Nvidia GPU Technology Conference (GTC) this week.
Nvidia GTC kicking off today, laying groundwork for AI and semiconductor excitement. ETFs may see momentum, as in past GTCs, with increased AUM and top-performing funds. Chinese companies showcasing at GTC may affect U.S.-China AI rivalry and ETF performance.
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has confirmed a major milestone in quantum computing, demonstrating quantum computational supremacy on a practical, real-world problem. A newly published, peer-reviewed paper in Science validates that D-Wave’s annealing quantum computer outperformed a state-of-the-art classical supercomputer in simulating quantum dynamics in magnetic materials. The full study, titled “ Beyond-Classical Computation in Quantum Simulation,” is available at https://ibn.fm/VEsx9 .
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has announced its financial results for fourth quarter and year-end 2024, with a 128% year-over-year increase in bookings, reaching $23.9 million in bookings for the year ended December 31, 2024. The company also announced a consolidated cash balance that now exceeds $300 million.
If you believe in your investment, and bad news is market-wide - a hiccup and not about your stock - if you can, you hold through the intervening chaos.
