Jensen Huang believes that it is still too early to make big money from quantum computing, but the CEO of D-Wave disagrees.

Yesterday, the CEO of quantum meme stock D-Wave, Alan Baratz, stated that Jensen Huang's view on quantum computing is "completely wrong," and that D-Wave's quantum computers are already commercialized today. Baratz also added that D-Wave's systems can solve$NVIDIA (NVDA.US)$problems that GPUs cannot solve.

Previously, at the CES exhibition, Jensen Huang stated that quantum computing would not become a mainstream technology for at least the next fifteen years; NVIDIA can manufacture traditional chips compatible with quantum computing chips, but the number of quantum processing units required for such computers will be 1 million times that of the current number.

Undoubtedly, Jensen Huang's remarks led to a sharp decline in stocks related to quantum computing.$D-Wave Quantum (QBTS.US)$It was not spared either, as yesterday the stock price dropped by more than 36%.

In this regard, Baratz stated that a method known as gate-based Quantum Computing may take decades to realize, but D-Wave uses the annealing approach in quantum computing, which can be applied now. Baratz told CNBC reporters:

“The reason he is wrong is that D-Wave's quantum computers have already been commercialized today... Companies, including MasterCard and NTT Docomo from Japan, are using our quantum computers to provide tangible benefits for their business operations.”

Baratz emphasized:

“Not in 30 years, not in 20 years, and not in 15 years, but today, right now!”

“I would be happy to meet with Jensen Huang anytime and anywhere to help him bridge these cognitive gaps.”

However, it should be noted that D-Wave's current revenue is actually quite low, with D-Wave's sales in the third quarter of 2024 falling 27% from 2.6 million dollars in the same period last year to only 1.9 million dollars.

Editor/ping