From Nasdaq: 2024-04-11 16:32:00

Nvidia CEO Jensen Huang outlined the company’s top technologies at GTC 2024, including quantum computing. Nvidia’s accelerated compute systems powered by GPU chips could make it a top bet in the quantum computing industry.

Nvidia is playing a crucial role in powering the quantum computing industry with its hardware and software solutions, accelerating R&D efforts globally. The company’s ecosystem, including a partnership with Quantum Machines, is advancing the development of quantum computers for future commercialization.

Investors looking at Nvidia stock should consider the company’s involvement in quantum computing R&D, contributing to its data center revenue segment. Despite not directly developing a quantum computer, Nvidia’s position in the industry makes it a compelling long-term investment opportunity.

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Read more at Nasdaq: Is Nvidia Also the Best Bet in Quantum Computing Right Now?