Nvidia CEO Jensen Huang’s single comment about the future of quantum computing triggered a massive selloff on Wednesday (January 8), wiping out approximately $8 billion in market value from quantum computing companies.Major quantum computing players bore the brunt of the selloff. IonQ shares plummeted more than 40%, while Rigetti Computing crashed by over 45%. D-Wave…
Nvidia CEO Jensen Huang recently received honorary degree in engineering from the Hong Kong University of Science and Technology. Post the felicitation, Huang participated in a fireside chat with the university’s Council Chairman Harry Sham. The audience comprised students and academics. He talked about a range of topics around AI, Supercomputers, potential restrictions under Donald…
Shares of AI chip giant Nvidia appear to be in a freefall. Earlier this week, Nvidia stock tumbled 9.5% in the deepest ever single-day decline in market value for a US company. The company’s market capitalisation declined by $279 billion, marking the steepest single-day fall for an American company. Since peaking on June 18, Nvidia’s…
