Latest news with #GTCParis
Business Insider
17 hours ago
- Business
- Business Insider
‘Don't Bet the Farm,' Says Analyst About Quantum Computing Stock (QUBT)
Just months after suggesting that the widespread adoption of quantum computing was still '15 to 20 years away,' Nvidia CEO Jensen Huang offered a much more optimistic outlook, sparking a rally in speculative quantum stocks, such as Quantum Computing, Inc. (QUBT). The tech pioneer is up 8.5% so far this week, with bullish sentiment at its peak. Confident Investing Starts Here: However, a deeper look reveals significant concerns about QUBT's financial position. And while the industry is making progress, scaling quantum systems to tackle real-world problems remains a massive challenge, particularly for a company of QUBT's size. Despite the broader enthusiasm for 'lifting all boats' in the sector, I remain bearish on QUBT. The Nvidia Effect: A CEO's Shifting Narrative Being the CEO of a major tech company comes with significant influence—something Nvidia's Jensen Huang demonstrated at the GTC Paris developer conference when he declared that 'quantum computing is reaching an inflection point.' While his remarks centered on Nvidia's own innovations—like CUDA-Q, which aims to integrate quantum capabilities with classical systems—his optimism could have ripple effects across the sector. Nvidia backed its words with action in March 2025 by launching a new quantum computing research lab in Boston, reinforcing its leadership in the space. Huang's bullish tone may inspire increased venture capital and R&D investment across the quantum ecosystem. However, skepticism persists. Many still view practical quantum applications as decades away, with the industry struggling to define clear, real-world use cases that outperform traditional supercomputers. Without a breakthrough and tangible return on investment (ROI), quantum computing remains a tough sell to potential customers seeking immediate, measurable benefits. Quantum Computing's Niche Technology Quantum Computing Inc. specializes in photonic, or light-based, quantum solutions, developing Quantum Processing Units (QPUs) designed to operate at room temperature and low power, features that could make the technology more accessible and cost-effective. However, the company's focus remains on niche applications, such as remote sensing and computational chemistry, which limits its current market reach. While progress is being made in identifying use cases where quantum systems may outperform classical supercomputers, practical, scalable, and commercially viable applications are still emerging. The technology faces persistent challenges, including qubit fragility, high error rates, and scalability limitations. These machines are highly specialized and complex, suited for addressing targeted, advanced problems, but are not yet ready for broad commercial deployment. Financials Tell A Different Story Quantum Computing's first-quarter 2025 earnings highlight just how early-stage its business remains. The company reported revenue of only $39,000—roughly equivalent to the median U.S. individual income—while operating expenses climbed to $8.3 million. A $23.6 million non-cash gain from the mark-to-market revaluation of its warrant liability resulted in a reported net income of $17 million. However, this masks the company's ongoing operational losses. On the operational front, the company completed construction of its Quantum Photonic Chip Foundry. It announced new partnerships, including a contract with NASA's Langley Research Center—a sign of growing institutional interest despite modest commercial traction so far. QUBT's Speculative Valuation Quantum Computing's ~$3 billion market cap, despite minimal revenue, highlights an apparent disconnect from fundamentals and suggests the stock is driven largely by speculation. While the company holds $166 million in cash and cash equivalents, providing it with some runway to develop its technology, its R&D budget is modest compared to that of deep-pocketed rivals like IBM, Google, Microsoft, and Nvidia. Importantly, this cash position was built primarily through dilutive stock offerings and private placements, underscoring its heavy reliance on external funding. Given these constraints, it's difficult to envision a near-term path where Quantum Computing scales its niche technology into a broadly commercial product in a way that meaningfully rewards shareholders. Is QUBT Stock a Buy, Hold, or Sell? Reflecting its speculative nature, Quantum Computing's analyst coverage is limited. Its Moderate Buy consensus rating is based on one Buy recommendation in the past three months. Its average price target of $14.00 implies a downside potential of ~27% over the next 12 months. Meanwhile, TipRanks AI assigns QUBT a Neutral rating and a price target of $22. It notes that Quantum Computing's strong balance sheet and Qatalyst software positions it favorably amid hardware advances and increasing demand. However, it also points out that QUBT sports a high valuation, especially in light of ongoing losses and minimal revenues. QUBT Remains a High-Risk Bet in a Competitive Field While quantum computing as a whole may be approaching an 'inflection point,' the outlook for pure-play firms like Quantum Computing Inc. remains highly speculative. With minimal revenue, the company is still far from its own inflection point, where its products gain broad commercial viability. Reaching that stage will likely require scientific breakthroughs and significant R&D investment, which Quantum Computing may struggle to match relative to well-funded giants like IBM. That said, growing industry momentum is a clear tailwind. Rising interest in the sector could lead to increased funding, larger contracts, and a stronger push toward practical applications. Quantum Computing's unique focus on room-temperature, low-power photonic quantum systems, along with its early, albeit modest, commercial traction, may appeal to risk-tolerant, long-term investors. Personally, I remain highly cautious. The company's weak financial performance, lofty valuation, and limited ability to compete with larger players make its long-term investment case difficult to justify at this stage.
Cision Canada
3 days ago
- Business
- Cision Canada
VivaTech 2025: A record-setting edition with 180,000 visitors
14,000 startups 171 nationalities gathered at Porte de Versailles AI takes center stage with over 40% of exhibitors 640,000 business connections generated PARIS, June 17, 2025 /CNW/ -- VIVATECH IS ABOUT INNOVATION VivaTech 2025 was marked by more than 300 major announcements and launches, with artificial intelligence driving transformation across all industries. On the AI Avenue, startups like Unitree, Buddyo, Vrai AI, and Next showcased concrete AI applications across diverse sectors. Key highlights included the launch of Mistral Compute, a sovereign AI infrastructure designed for Europe, and NVIDIA's first-ever GTC Paris, hosted at VivaTech. VIVATECH IS ABOUT ENTREPRENEURSHIP More than 14,000 startups took part in the event, generating hundreds of thousands of business connections across 30+ industries. Over 3,600 international investors joined the show to discover the next unicorns and help scale the most promising innovations worldwide. VIVATECH IS ABOUT INSPIRATION This year's edition featured over 450 speakers, including Jensen Huang (NVIDIA), Arthur Mensch (Mistral AI), Emmanuel Macron, Joe Tsai (Alibaba), Yann Le Cun (Meta), Sarah Friar (OpenAI), Thomas Wolf (Hugging Face), Mike Krieger (Anthropic), Pascal Gauthier (Ledger), Nobel Laureate Alain Aspect, Fidji Simo (Instacart), Maya Rogers (Tetris), Cliff Obrecht (Canva), and Clara Chappaz, French Minister for AI and Digital Affairs. VIVATECH IS ABOUT GLOBAL COOPERATION With 171 nationalities and more than 120 countries represented, VivaTech once again proved its global dimension. Over 50 national pavilions were present, a 20% increase compared to 2024. Delegations from the Americas, Europe, Africa, and Asia enriched the event's diversity, with strong representation from Africa and the European tech ecosystem. VIVATECH IS ABOUT IMPACT AND INCLUSION The first Global Awards Ceremony, held in partnership with TechCrunch, celebrated game-changing impact initiatives. The Female Founder Challenge honored Hélène Briand (Verley). The Tech for Change Award was presented to Genesis for its work on soil health. The AfricaTech Awards highlighted three standout startups, with taking the top prize. The Impact Bridge, powered by EDF, featured 1,500 m² of sustainable innovation showcases.
Mint
4 days ago
- Business
- Mint
Nvidia share price 3% away from record high. Will it climb to a new peak?
Nvidia shares rose 2 per cent on Monday on Wall Street, bringing the AI chip leader close to its record high after a strong rebound over the last two months. The company's momentum remains strong, driven by robust demand for its advanced AI chips from major cloud providers and international markets developing their own national AI infrastructures. Nvidia shares ended the day at $144.69 on Wall Street, roughly 3% below all-time closing high. The recent surge follows Nvidia's GTC Paris event held last week in the French capital, where CEO Jensen Huang also made an appearance at the Viva Technology conference. According to media reports, the company is also facing the consequences of the Trump administration's ban on selling its chips to China. In its latest earnings report, Nvidia disclosed a $4.5 billion loss linked to the ban and expects to incur a further $8 billion write-down in the current quarter. Nvidia has announced its first-quarter results, reporting revenue of $44.1 billion for the period ending April 2025 — marking a 12% increase from the previous quarter and a significant 69% surge compared to the same period last year. Wall Street began the week on a positive note Monday, rebounding after last week's steep decline. Investor sentiment was lifted by growing optimism over a possible resolution to the recent Israel-Iran tensions. The Dow Jones Industrial Average advanced 248 points (0.6%), the S&P 500 added 0.7%, while the Nasdaq Composite, dominated by tech stocks, outperformed with a gain of nearly 1%. According to Anshul Jain, Head of Research at Lakshmishree Investments, a breach and sustain above 154 will trigger a fresh rally in Nividia share price. 'Nvidia share price has formed a 35-week double bottom base with a neckline placed at 153.11. The stock has rallied for 11 straight weeks, approaching the breakout point with strong momentum. However, a 4–8 week consolidation near the pivot is expected before a sustainable breakout,' Jain said. Jain further added, ' A breach and sustain above 154 will trigger a fresh rally, initially targeting 175, with bulls eventually eyeing 190 as the final target. Watch for volume confirmation on the breakout.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
4 days ago
- Business
- Yahoo
Nvidia stock jumps with record high in sight again
Nvidia (NVDA) stock jumped 2% Monday, putting the AI chip giant within striking distance of an all-time high after a furious turnaround over the past two months. The company continues to ride high on sales of its powerful AI chips to both hyperscalers and foreign countries seeking to build out their own sovereign AI systems. Shares closed at $144.69 each, about 3% off its record closing high. The latest jump comes after Nvidia held its GTC Paris event in the French capital last week. CEO Jensen Huang also attended the Viva Technology conference in the country. The company, which reported strong first quarter earnings in May, has been expanding into several spaces, including sovereign AI, which describes data centers funded, owned, or run by individual countries seeking to build out their AI capabilities. Nvidia took a starring role in President Trump's visit to the Middle East, where he struck deals with Saudi Arabia and the United Arab Emirates that will see the countries receive thousands of Nvidia AI chips. But the company is also dealing with the fallout from the Trump administration's ban on the sale of its chips to China. Nvidia reported a $4.5 billion hit during its most recent earnings announcement due to the ban and says it anticipates an additional $8 billion write-down in the current quarter. Despite that, the company beat on revenue expectations thanks to the sale of its latest Blackwell chips and related server equipment. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Nvidia stock jumps with record high in sight again
Nvidia (NVDA) stock jumped 2% Monday, putting the AI chip giant within striking distance of an all-time high after a furious turnaround over the past two months. The company continues to ride high on sales of its powerful AI chips to both hyperscalers and foreign countries seeking to build out their own sovereign AI systems. Shares closed at $144.69 each, about 3% off its record closing high. The latest jump comes after Nvidia held its GTC Paris event in the French capital last week. CEO Jensen Huang also attended the Viva Technology conference in the country. The company, which reported strong first quarter earnings in May, has been expanding into several spaces, including sovereign AI, which describes data centers funded, owned, or run by individual countries seeking to build out their AI capabilities. Nvidia took a starring role in President Trump's visit to the Middle East, where he struck deals with Saudi Arabia and the United Arab Emirates that will see the countries receive thousands of Nvidia AI chips. But the company is also dealing with the fallout from the Trump administration's ban on the sale of its chips to China. Nvidia reported a $4.5 billion hit during its most recent earnings announcement due to the ban and says it anticipates an additional $8 billion write-down in the current quarter. Despite that, the company beat on revenue expectations thanks to the sale of its latest Blackwell chips and related server equipment. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
