For the fourth day in a row, D-Wave Quantum (QBTS +22.63%) stock is flying.
Shares of the second-biggest name in quantum computing systems (behind IonQ (IONQ +20.83%) but ahead of Rigetti Computing (RGTI +13.28%) stock), soared 11.6% through 11:05 a.m. ET Wednesday on a slew of good news.
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D-Wave's promise
On Monday, D-Wave Computing promised to tell visitors to the QED-C Quantum Summit today how quantum computing is transitioning from "experimentation to commercial adoption," and how D-Wave in particular can help solve "the growing energy demands of AI" computing with faster work by quantum computers.
Nvidia's reply
No sooner had he said that, though, than AI powerhouse and quantum newcomer Nvidia (NVDA +1.31%) announced it has a new Nvidia Ising AI model for controlling quantum computers. Nvidia CEO Jensen Huang says Ising can correct quantum computer output errors up to 3x faster than traditional approaches -- and integrate Nvidia into the quantum supply chain in the process.
NYSE: QBTS
Key Data Points
What does this mean for D-Wave stock?
But D-Wave CEO Alan Baratz didn't like that news one bit. Speaking at the Semafor World Economy Summit yesterday, Baratz replied, "If I was Nvidia, I'd be shaking in my boots."
D-Wave's quantum computer, says Baratz, uses only 10 kilowatts of power to solve problems in minutes that would take an Nvidia-powered computer a million years and all the power in the world to solve. It's a direct challenge to Nvidia's attempt to horn in on the $11 billion market (by 2030) that D-Wave helped create.
The catch? If Huang is right and D-Wave and other quantum companies need its software to debug their computers to make quantum results reliable, there may be little Baratz can do to keep Nvidia out of this market.
