D-Wave Quantum Inc. (NYSE: QBTS), a leading provider of quantum computing systems and services, witnessed a significant surge of 5.08% in its stock price during Thursday's intraday trading session. This upward movement can be attributed to the company's CEO, Dr. Alan Baratz, addressing recent skepticism surrounding the readiness of quantum computing technology through multiple media appearances.
In an interview on Fox Business' "Making Money with Charles Payne," Dr. Baratz emphasized that D-Wave has taken a different approach to quantum computing, allowing the company to become a commercial provider of quantum solutions today. He clarified that while other companies might still be in the research and development phase, D-Wave's annealing quantum computing technology is already being utilized by businesses to solve real-world problems.
Furthermore, in a statement released after an interview on CNBC's "The Exchange," Dr. Baratz directly refuted comments made by NVIDIA CEO Jensen Huang, who had expressed skepticism about the practical use of quantum computing being decades away. Dr. Baratz stressed that Huang's remarks were inaccurate regarding D-Wave's annealing quantum computing solutions, which are solving complex optimization problems for enterprises across various industries today.