Nvidia CEO Says quantum computers 15-30 Years Away. QC stocks collapse.

[StatesRightsForever]

The whole tech sector has been on a sugar high for two years. NVDA is at 140 but should be at 35.

jan 8 2025 Quantum computing stocks plunged Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the technology won't be "very useful" for 15-30 years. "If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it's probably on the late side," Huang Tuesday night said in a Q&A session during Nvidia's analyst day event. "If you picked 20, I think a whole bunch of us would believe it."

Quantum computing stocks have skyrocketed since Google parent Alphabet (GOOGL) announced a chip breakthrough in early December. Several have triple-digit or even quadruple-digit percentage gains over the past year.

IonQ stock dived 45.5% Wednesday . Rigetti stock crashed 49% and Quantum Computing plunged 45%. D-Wave Quantum stock lost 49%.

Quantum Stocks Dive After Nvidia CEO Says Tech 15-30 Years Away

Hot stocks such as IonQ dived after Jensen Huang said the tech is a long-term play.

www.investors.com

 

[toobfreak]

The whole tech sector has been on a sugar high for two years. NVDA is at 140 but should be at 35.

That is pretty funny. I've felt all along right off the top of my head just from general computing and technology awareness that quantum computers would not be practical for at least 20-30 to maybe 50 years. I think 20 years is a very realistic estimate.

So all these boobs have been betting up stock values just because Google claimed a chip out within a year?

So does Google stock fall? Nope, just everyone else's with realistic expectations.

 

[kyzr]

That is pretty funny. I've felt all along right off the top of my head just from general computing and technology awareness that quantum computers would not be practical for at least 20-30 to maybe 50 years. I think 20 years is a very realistic estimate.
So all these boobs have been betting up stock values just because Google claimed a chip out within a year?
So does Google stock fall? Nope, just everyone else's with realistic expectations.

Quantum computing is only one leg of the AI boom.
We don't know what we don't know about AI's capability yet

 

[toobfreak]

Quantum computing is only one leg of the AI boom.
We don't know what we don't know about AI's capability yet

I have a pretty good idea and the result is damn scary. Not for all the potential good it can do, but all of the actual bad that it will be used for, for military and police applications, government oppression, and rich people getting richer.

 

[WEATHER53]

I have a pretty good idea and the result is damn scary. Not for all the potential good it can do, but all of the actual bad that it will be used for, for military and police applications, government oppression, and rich people getting richer.

Try becoming self sustaining and even well off

 

[drudge X]

The whole tech sector has been on a sugar high for two years. NVDA is at 140 but should be at 35.

Quantum Stocks Dive After Nvidia CEO Says Tech 15-30 Years Away

Hot stocks such as IonQ dived after Jensen Huang said the tech is a long-term play.

www.investors.com

NVDA should be higher. Microsoft is planning to spend $80 billion on AI data centers. AI is still in its infancy. That's a lot of chips needed. Tesla is the one that is hyper inflated when it should be around $20.

 

[john doe 101]

The whole tech sector has been on a sugar high for two years. NVDA is at 140 but should be at 35.

Quantum Stocks Dive After Nvidia CEO Says Tech 15-30 Years Away

Hot stocks such as IonQ dived after Jensen Huang said the tech is a long-term play.

www.investors.com

What are your metrics for deciding on 35?

 

[kyzr]

I have a pretty good idea and the result is damn scary. Not for all the potential good it can do, but all of the actual bad that it will be used for, for military and police applications, government oppression, and rich people getting richer.

True, but you didn't even list the real scary outcomes, like self-learning AI that revises and upgrades its own code.

 

[StatesRightsForever]

NVDA should be higher. Microsoft is planning to spend $80 billion on AI data centers. AI is still in its infancy. That's a lot of chips needed. Tesla is the one that is hyper inflated when it should be around $20.

NVDA is selling at 30 times annual SALES. !!! That is insane for any company but esp one this big.

 

[StatesRightsForever]

What are your metrics for deciding on 35?

Hey einstein. 4 times 35 = 140.

 

[toobfreak]

True, but you didn't even list the real scary outcomes, like self-learning AI that revises and upgrades its own code.

Oh, you forgot to add that those most impacted will be a lot of people with advanced degrees that will be out of a job because now the computer can do their job!

 

[kyzr]

Oh, you forgot to add that those most impacted will be a lot of people with advanced degrees that will be out of a job because now the computer can do their job!

Big banks are firing staff now. All coding will soon be done by AI.
I'm a chess nut, and there is a new AI program called AlphaZero that just demolished the current chess program champ (Stockfish).
Gary Kasparov one of the last human chess champs said "it was like a new super-intelligence came down from space and showed us how to play chess." We have no idea how powerful AI can become.

I'm not sure AI will replace those with advanced degrees, but with those who don't have advanced degrees and sit in front of a computer screen all day.

 

[toobfreak]

I'm a chess nut, and there is a new AI program called AlphaZero that just demolished the current chess program champ (Stockfish).
Gary Kasparov one of the last human chess champs said "it was like a new super-intelligence came down from space and showed us how to play chess."

It really makes competing in chess now pointless.

We have no idea how powerful AI can become.

Ain't that the truth, and therein lies the true danger in creating a machine 1000X smarter than you, 1,000,000 times faster than you, and essentially timeless. It is like writing a blank check, throwing it on the street and hoping that the person picking it up doesn't cash it for more than your life savings. Soon as they put AI in charge of running our lives, we are done.

I'm not sure AI will replace those with advanced degrees

Well sure. Many people with advanced learning will become meaningless and irrelevant when AI can do all their work much better, faster and cheaper. The jobs that are safe are the things AI can't do like collect garbage and serve fries at McDonalds.

With AI, we won't even need AI computer programmers anymore--- AI will be able to design AI better than them, and soon, AI will figure out how to keep people from even being able to switch AI off or pull the plug. Worse, we are idiotically doing it to ourselves. It was thrilling when it was just science fiction, but now it is real. It is the Forbin Project coming of age.

 

[kyzr]

It really makes competing in chess now pointless.

Ain't that the truth, and therein lies the true danger in creating a machine 1000X smarter than you, 1,000,000 times faster than you, and essentially timeless. It is like writing a blank check, throwing it on the street and hoping that the person picking it up doesn't cash it for more than your life savings. Soon as they put AI in charge of running our lives, we are done.

Well sure. Many people with advanced learning will become meaningless and irrelevant when AI can do all their work much better, faster and cheaper. The jobs that are safe are the things AI can't do like collect garbage and serve fries at McDonalds.

With AI, we won't even need AI computer programmers anymore--- AI will be able to design AI better than them, and soon, AI will figure out how to keep people from even being able to switch AI off or pull the plug. Worse, we are idiotically doing it to ourselves. It was thrilling when it was just science fiction, but now it is real. It is the Forbin Project coming of age.

1. Chess is never pointless even if computers beat humans every time, it makes you use your brain. Human v human chess is still exciting, as long as no one cheats.

2. If you saw the movie "Eagle Eye", and that was way before AI was a thing...


3. The movie "The Matrix" is still far fetched, but "The Terminator" may not be. How long until one becomes sentient and independent?

 

[toobfreak]

but "The Terminator" may not be. How long until one becomes sentient and independent?

I would estimate about 10-15 years.

 

[StatesRightsForever]

We have no idea how powerful AI can become.

AI will take over and probably eliminate humans. That's progress. Not a bad idea since people are psychopaths.

 

[StatesRightsForever]

1. Chess is never pointless even if computers beat humans every time, it makes you use your brain. Human v human chess is still exciting, as long as no one cheats.

Chess has always been pointless. It's just a game. You want to use your brain, study college level math and physics textbooks. I say textbooks; not those silly physics-for- poets books.

 

[kyzr]

Chess has always been pointless. It's just a game. You want to use your brain, study college level math and physics textbooks. I say textbooks; not those silly physics-for- poets books.

I have a degree in engineering. I know math & physics. LOL

When I went to college "light" had the "ether theory" and quarks weren't invented yet. I used a slide-rule.

In 50-years or so your physics books will be just as outdated.

Chess has been played and enjoyed for thousands of years, and will be played for thousands more.