Nvidia CEO Backtracks and Suddenly Bullish on Quantum Computing Stocks
Briefly

Nvidia CEO Jensen Huang recently adjusted his outlook on quantum computing, previously expressing doubt about its potential, forecasting a 15 to 30-year timeline to practical applications. However, he now anticipates that quantum computers will start addressing real-world challenges within the next few years. This shift has resulted in a surge in related stock prices, including Rigetti Computing, which saw a significant uptick following Huang's change in perspective. Nvidia is also collaborating with companies like Honeywell to advance quantum research, indicating a growing confidence in the technology's future impact.
Nvidia CEO Jensen Huang stated that quantum computers will soon begin solving real-world problems, asserting that we are 'within reach' of revolutionary advancements.
Earlier this year, Huang expressed skepticism regarding quantum computing, predicting 15 to 30 years before 'very useful quantum computers' emerge.
Read at 24/7 Wall St.
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