this post was submitted on 14 Jan 2025
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[–] UnderpantsWeevil 70 points 3 days ago* (last edited 3 days ago) (1 children)

Quantum computing exists. It is simply not competitive with regular computing.

What you're effectively asked to invest in is some very early patents on components that could eventually be scaled up into industrially viable quantum computers.

Because NVIDIA dictates enormous amounts of investment capital through it's valuation, the CEO's statement effectively means fewer dollars towards improved engineering and less likelihood that patent holders will put together a viable product before those patents expire.

[–] itsnotits 4 points 3 days ago

through its* valuation

[–] pennomi 31 points 3 days ago (3 children)

I mean, quantum computing does exist right now, it’s just not terribly stable or useful yet. With time and bucketloads of engineering it could be a huge change in how we solve problems.

[–] [email protected] 20 points 3 days ago (1 children)

My understanding is that it is incredibly useful for very obscure and specific things, and not very good at all for general purpose computing (and it may never be).

[–] AdrianTheFrog 4 points 3 days ago (1 children)

Not yet, I think. They're still too small from what I've heard to be useful for really anything at all, but they are improving and will likely start to be useful in the next 10 years or so

[–] [email protected] 2 points 2 days ago

Yes, for cracking older cryptography.

[–] rayyy 3 points 2 days ago

Sounds like something someone once said about airplanes.

[–] [email protected] 11 points 3 days ago* (last edited 3 days ago) (1 children)

As others has said. Quantum computers exist and has existed for a while.

You can even play around with one for free https://www.ibm.com/quantum/pricing

[–] [email protected] 3 points 2 days ago

Yeah they are just mostly useless.

[–] Randelung 6 points 2 days ago

The stock market is just gambling. But it's not betting on a certain company's well-being, it's whether high frequency trading algos and market maker loophole abuse will make your portfolio improve or not. If you foresaw the dude saying the thing and got some order set up to catch it in time you might even get a trade on the lit market, but most trading happens somewhere else at different prices and at times you're not allowed to participate.

[–] SlopppyEngineer 23 points 3 days ago (2 children)

Because they figure that if quantum competing does happen, it's going to be huge and if you're invested early you'll make big profits. So they take the gamble and buy stocks now just in case.

These are the people with enough money to go around to gamble on a bunch of stuff like this to play that odds. Statistically one of those bets is going to hit the jackpot and they earn all those bets back with a big profit.

[–] clif 8 points 3 days ago

Don't forget dumbasses like me who started gambling while stuck at home during covid. I buy ~$20 of speculative stocks every few months just for the thrill. It's basically the same thing as buying lottery tickets except it keeps me entertained for months or years watching them spike and fall.

How's it going? Not well. I'm sure I've lost more than I've made but it was money that I was okay with losing... same as a casino I guess.

[–] lemming741 3 points 3 days ago

It's a big club, and you ain't in it.

[–] [email protected] 7 points 3 days ago

Same reason lab-grown meat companies exist on the stonk exchange

[–] [email protected] 10 points 3 days ago

User thinks thing that doesn't exist will just appear out of thin air all on its own?

[–] dx1 1 points 2 days ago

The value of stocks is heavily influenced by the future projection of a company's success.