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Nvidia’s Quantum Computing Initiative
Nvidia (NASDAQ: NVDA) announced the launch of NVQLink at its GTC event in Washington, D.C. on [date not provided], a system designed to connect quantum computing units (QPUs) to its accelerated computing devices, including GPUs. This innovation is aimed at facilitating the integration of quantum computing into existing infrastructure, highlighting Nvidia’s commitment to the quantum computing space, which CEO Jensen Huang initially deemed 15 to 30 years away earlier in the year.
Despite its current minimal contribution to financial results, the NVQLink could significantly impact Nvidia’s relevance as quantum computing develops. Additionally, Nvidia reported $500 billion in orders for its advanced data center GPUs over the next five quarters, compared to $165 billion generated in the past 12 months, indicating strong future growth potential.
Investors see Nvidia as a compelling buy due to its position in the AI sector and its strategic advancements in quantum computing, with the stock trading at 31 times next year’s earnings. The company’s upcoming Q3 earnings report is scheduled for November 19, and analysts believe that current stock prices may underestimate Nvidia’s growth potential.
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