00:00 Speaker A
Quantum computing stocks under pressure after comments at Nvidia’s GTC conference raising skepticism over the publicly traded companies in the industry, perhaps, and also the news that Nvidia is going to open its own quantum lab in Boston here. There’s kind of an interesting dynamic between Nvidia and these companies because Jensen Wong talked about quantum computing and said at one point it was 15, 20 years away. All of those stocks fell at the time. Now they’re sort of a, you know, now they’re coming together a little bit.
00:48 Speaker B
Yeah. And I mean, I think what’s interesting with these stocks really is just they’re very early stage, I guess, is one way to sort of put them, right? Or they feel very early stage, and it doesn’t quite feel like that market right now where people are dipping their toes into very early stage things that are 15 to 20 years away. I mean, you do look though over the last five days, stocks have done pretty well. So to see them, there was up, or D-Wave itself was up 25% over a five-day period. Now it’s down 20%. They’re sort of just moving very aggressively, which I think is quite interesting, but I think overall it seems like maybe if Nvidia is going to get into quantum, build out this lab, do they just end up owning that space? Is that kind of the next move here, and then the other quantum players become a little bit less significant, right?
02:13 Speaker A
Or will their chips power the design of quantum computers? It’s something that I’ve seen talked about here. I mean, the CEOs of these companies are at the GTC event. They’re speaking, but, you know, it’s not creating that, that sort of halo effect, at least not for now.
02:41 Speaker B
To me, it’s an interesting piece of the Nvidia investor story, too, right? We were just speaking with Gil Luria, and we were talking about sort of what’s that next catalyst? And something 15, 20 years down the line feels like a faraway catalyst, but it is another sort of revolutionary source of growth that the company’s starting to explore. And I wonder what, do you get, do you get excited about that at some point?
03:11 Speaker A
Yeah, it’s, it’s. Yeah, it’s unclear to me what their role would be. And of course, those companies pushed back and said, it’s not 15, 20 years away. They think, they say it’s closer.
03:29 Speaker B
I got to learn a lot more about quantum computing.
03:32 Speaker A
I know, everybody does, I guess.