Nvidia's CEO downplayed quantum: What he may be overlooking
In a recent episode of Trader Talk, Sylvia Jablonski, CEO and CIO of Defiance ETFs, pushed back against Nvidia CEO Jensen Huang’s claim that quantum computing is still 15 to 30 years away. Huang’s statement, made at the CES conference, sent quantum stocks plummeting, with names like IonQ and D-Wave taking severe hits. However, Jablonski argues that while large-scale quantum supercomputers may still be in development, the technology is already making an impact in key industries. “Quantum already exists in some form,” Jablonski explained, pointing to real-world applications in financial risk management, cryptography, and drug discovery. Companies like D-Wave are actively using quantum annealing technology, and major firms, including Google (GOOGL, GOOG) and IBM (IBM), continue to push forward with breakthroughs in quantum processing. She also questioned Huang’s authority in the quantum space, noting that while he is a leading voice in AI and GPU computing, he is not necessarily an expert in quantum technology. Notably, despite his dismissive remarks, Nvidia recently posted job openings for quantum computing roles, raising questions about the company’s actual stance. Jablonski remains bullish on quantum investing, acknowledging volatility but emphasizing the long-term potential. “It’ll take time,” she said, reinforcing the importance of looking beyond short-term market reactions. Watch more episodes of Trader Talk here. Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights. Drawing on decades of trading floor experience, we empower you to navigate market volatility and keep your portfolio from getting burned. This post was written by Langston Sessoms.
