Huang Renxun is pessimistic about the prospects of quantum computers coming out. D-Wave (QBTS.US) CEO decisively responded: "Completely wrong!"

D-Wave Quantum (QBTS.US) CEO Alan Baratz stated that NVIDIA Corporation (NVDA.US) CEO Jensen Huang's views on quantum computing are completely wrong. Previously, Huang told analysts that it may take 15 to 30 years to bring a "very useful quantum computer" to the market. This statement caused a sharp drop in the stock price of this quantum computing concept stock, with D-Wave's stock price dropping by 36% on Wednesday. On Tuesday, when asked about NVIDIA Corporation's quantum computing strategy, Huang said that NVIDIA Corporation can manufacture traditional chips to be used with quantum computing chips, but the number of quantum processing units (called qubits) that these computers require is currently 1 million times the existing amount. Baratz said, "He is wrong because D-Wave is already commercialized." Baratz mentioned that companies including Mastercard and Japan's NTT Docomo are currently using D-Wave's quantum computers in their operations. Baratz said, "It's not 30 years later, not 20 years later, not even 15 years later. It's now, today." However, D-Wave's current revenue is still very low, with the company's sales declining by 27% from $2.6 million in the same quarter last year to $1.9 million. Quantum computing holds the promise of solving problems that current processors struggle with, such as decoding encryption, generating random numbers, and large-scale simulations. Technicians have been researching this for decades, including companies like NVIDIA Corporation, Microsoft Corporation (MSFT.US), and IBM (IBM.US), as well as researchers from startups and universities. Last December, when Alphabet Inc. Class C announced a breakthrough in its research, investors reignited their interest in a range of related stocks, including D-Wave. Alphabet Inc. Class C announced that it had completed a 100-qubit chip, which is the second step in its six-step strategy to build a quantum system with 1 million qubits. D-Wave's stock price surged by 178% in December last year, following a 185% increase in the previous month. Quantum computing company Rigetti Computing, which plummeted by 45% last Wednesday, doubled its market value last month. IonQ dropped by 39% on Wednesday. After rising by 143% in November, the stock rose by 14% in December. Baratz acknowledged that one method of quantum computing, called gate-based, may still need decades. But he said that another method called annealing is available now. He mentioned that while Huang's comments may not be entirely wrong for gate model quantum computers, they are completely wrong for annealing quantum computers. NVIDIA Corporation declined to comment. Despite the sharp drop on Wednesday, D-Wave's stock price still increased by around 600% last year, with the company's market value reaching $1.6 billion. Graphics Processing Units (GPUs) use traditional transisto...