NVIDIA CEO says quantum computing is still decades away, IonQ and other quantum stocks fall in response

NVIDIA CEO says quantum computing is still decades away, IonQ and other quantum stocks fall in response

Quantum computing concepts have been hit hard in the latest market update, with shares of companies such as IonQ falling sharply in after-hours trading. The reason is that NVIDIA CEO Jen-Hsun Huang said at the International Consumer Electronics Show that practical quantum computers are "very useful" and may take decades to realize. This caused investors to worry about the future of the quantum computing industry, leading to a wave of sell-offs in related stocks.IonQ's shares have fallen from last year's highs, and the company is still facing losses and market uncertainty despite achieving 106 percent revenue growth in the second quarter.

NVIDIA CEO says AI chip performance gains surpass Moore's Law with 1,000-fold improvement in a decade

At the recent Consumer Electronics Show (CES), NVIDIA CEO Jensen Huang said the company's AI chip performance has improved faster than Moore's Law, and that today's AI chips are a full 1,000 times better than the products of a decade ago. He also mentioned that NVIDIA's latest data center superchips are 30 to 40 times faster than their predecessors when running AI inference workloads. This advancement is thanks to the company's simultaneous innovations at multiple levels, including architecture, chips, systems, libraries, and algorithms. With the rapid development of AI technology, NVIDIA's chips are used a lot in top labs such as Google and OpenAI to train and run AI models.

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