Source: Sina Finance

USA Quantum Computing Company$D-Wave Quantum (QBTS.US)$CEO Alan Baratz stated that$NVIDIA (NVDA.US)$CEO Jensen Huang's views on Quantum Computing are 'completely wrong'.

Previously, Jensen Huang's comments on Quantum Computing frightened Wall Street, leading to a sharp decline in Quantum Concept stocks including D-Wave. $IonQ Inc (IONQ.US)$ down 39%,$Quantum Computing (QUBT.US)$down 43.34%, $D-Wave Quantum (QBTS.US)$ Down 36.13%, $Rigetti Computing (RGTI.US)$Down 45.51%.

However, as of the time of writing, stocks related to Quantum Computing all rebounded in pre-market trading, $MicroCloud Hologram (HOLO.US)$ Increased by nearly 35%, $SEALSQ Corp (LAES.US)$ Increased by over 16%, $Quantum (QMCO.US)$ up nearly 6%, $IonQ Inc (IONQ.US)$ Rising over 5%, $D-Wave Quantum (QBTS.US)$ Increased by over 2%.

On Tuesday, Jensen Huang was asked about NVIDIA's Quantum Computing Global Strategy. He stated that NVIDIA can produce traditional chips that work with Quantum Computing chips, but the number of quantum processing units (referred to as qubits) required by these computers is currently 1 million times more.

Huang stated that bringing a 'very useful quantum computer' to the market may take 15 to 30 years.

$D-Wave Quantum (QBTS.US)$CEO Alan Baratz said in an interview: he was wrong because our D-Wave is now commercialized.$MasterCard (MA.US)$Companies including MasterCard and Japan's NTT Docomo are 'currently using our quantum computers in production to benefit their Business Operations.'

Balazs said: "Not in 30 years, not in 20 years, and not in 15 years. But now, today."

However, D-Wave's revenue is still very low. Sales in the most recent quarter fell 27% from $2.6 million a year ago to $1.9 million.

Last December, when $Alphabet-C (GOOG.US)$ announced breakthroughs in its quantum computing research, investors became interested in the Industry again, and D-Wave is part of it. Google stated that the company has completed a 100-qubit chip, which is the second step in its six-step strategy to build a million-qubit quantum system.

D-Wave's stock price soared 178% in December, following a 185% increase the previous month. Even after the drop on Wednesday, the company's stock price has risen about 600% over the past year, with a Market Cap of $1.6 billion.

Balazs acknowledged that one approach to quantum computing, the quantum gate operation method, might still take decades. But he said that using the annealing method can be deployed now.

Balazs stated that while Jensen Huang's comments may not be completely wrong for gate model quantum computers, they are 100% wrong for annealing quantum computers.

Investor interest in AI has also driven the development of Quantum Computing, as AI technology has led to a surge in demand for NVIDIA graphics processing units (GPUs), which use traditional transistors rather than quantum bits. NVIDIA's Market Cap has grown by 168% over the past year, reaching 3.4 trillion USD.

Balazs said that the problems D-Wave systems can solve exceed the capabilities of the fastest NVIDIA systems.

He said, "I would be happy to meet with Jensen Huang at any time and any place to help him fill these gaps."

Editor/Rocky