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Nvidia GTC: IonQ, Rigetti, D-Wave CEOs to take part in panel

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Shares of quantum computing companies IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) all saw positive gains in Monday's pre-market trading ahead their respective CEOs' participation in a panel at Nvidia's (NVDA) 2025 GTC event this week. Rigetti and IonQ have moved into negative territory after the trading session's start.

The Morning Brief hosts Brad Smith and Madison Mills discuss the trends in quantum computing technology and stock moves.

Catch Yahoo Finance's full interview with D-Wave Quantum CEO Alan Baratz where he discusses the quantum computing company's claims of "quantum supremacy."

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

00:00 Speaker A

Shares of IonQ, D-Wave, and Rigetti, all trading higher pre-market. The CEOs of those three companies will all take part in a panel called quantum computing, where we are and where we're headed, alongside Nvidia CEO Jensen Huang, as part of the conference's quantum day this coming Thursday. And you can see just the huge run-up that we are seeing in these stocks. It's fascinating to see the degree of D-Wave's run-up. I don't know if we can pull up a longer-term chart, but they've had a run-up happening obviously hugely after their earnings. You can see them that blue line clearly the winner at the top of your screen there. Uh, and that run-up has continued. It's fascinating to see them up again. Another 14% pre-market. Quantum, uh D-Wave rather is the company that was able to prove out that their supercomputer was able to do things that a regular computer cannot do. A huge leap forward when it comes to quantum computing. But to the point of our last guest, quantum is a longer-term story. So is it enough for investors to have this bullishness about quantum more long term when there's not necessarily clarity about the short-term application of quantum? And Nvidia CEO Jensen Huang said that himself, that there's not that clarity on the real world use case of quantum today.

02:16 Speaker B

Right. All of the quantum companies as of right now are going through the same type of practice and exercise of trying to scale. And within that scaling, it's making sure that their quantum computing is actually addressing real world problems that otherwise classically would not have been able to be solved at the pace and efficiency similar to what we heard from D-Wave's Dr. Alan Barrett, who joined us last week discussing about how there is this broader kind of brewing um, you know, uh war among the quantum companies that you're looking at on your screen for quantum supremacy as he called it. And within that, what you're going to be looking for even more so from their business models is having customers pay on a recurring revenue basis, access the systems, and then ultimately growing out that revenue base over time. Now, it's going to take time. And bookings and revenue going forward from here, it's not just how much of those, how many of those customers are paying for a one-time problem that they're trying to compute, but making sure that they continue to pay for that access into those quantum systems here. And so what he was saying is that they need to be able to solve useful real-world problems and solve a problem on their quantum computer that cannot be solved classically. That is of great interest to the supercomputing center and significant driver of some of the system sales that they've seen to date right now.

04:33 Speaker A

Absolutely.