. It's the only Quantum play on the ASX for now. Their Biochip, 12CQ and underlying materials technology portfolio gives a few shots at success. This will be one rollercoaster ride I expect.
should there be a broad thread for
Quantum Computing ?
The US market has a bunch of stocks, and these have had a ride, recently
.
nothing to see here.
.
The Quantum Hype Machine
By
Ed D'Agostino |
January 17, 2025
Everybody has an opinion about quantum computing lately. Last week Nvidia CEO Jensen Huang suggested we were 15–30 years away from “useful” quantum computing. Mark Zuckerberg joined the chorus, telling Joe Rogan that useful quantum was still “quite a ways off.”
Shares of small quantum computing companies like D-Wave Quantum, Inc. (QBTS), Rigetti Computing, Inc. (RGTI), IonQ Inc. (IONQ), and Quantum Computing Inc. (QUBT) all plunged after Jensen’s negative comments. But they’ve been recovering quickly.
These stocks had been on a tear for the past few months, prior to Huang’s comments. They were riding a massive turnaround in sentiment from early 2024. As recently as October, both Rigetti and D-Wave were at risk of being delisted (for the second and third times, respectively).
The catalyst for quantum computing stocks was Google announcing that its newest quantum chip, Willow, had completed a computation that would take a classical computer 10 septillion years… in 5 minutes.
Rigetti’s CEO, Subodh Kulkarni, shared a refreshingly hype-free outlook on the state of quantum in a recent interview. Kulkarni said that Rigetti is making quantum processing units, available for sale, today. But, he cautioned, their error rates are still too high for broad adoption. Today it is mainly government agencies that are issuing contracts for his QPUs. He estimates we are 3–5 years away from true quantum advantage, when quantum computing will start to make a material difference.
When that happens, he predicts we’ll see quantum computing applied to high-variable problems such as weather forecasting and pharmaceutical development. It could also be used for breaking encryption, which poses serious issues for businesses and governments. But again, quantum will also help solve for that.
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