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Collision 2019 - Day One
Alan Baratz of D-Wave Quantum (David Fitzgerald/Getty Images)
quantum beef

Why D-Wave Quantum’s CEO was “quite disappointed” with Nvidia’s Quantum Day

“I expected it to be a bit more thoughtful and respectful,” said D-Wave Quantum CEO Dr. Alan Baratz.

Luke Kawa
3/26/25 1:35PM

Back in January, Nvidia CEO Jensen Huang made a bit of an oopsie. His comments that quantum computers were 15 to 30 years away from being “useful” sparked a massive sell-off in pure-play quantum computing stocks.

To try to make amends with the industry, Nvidia announced that it would be hosting a Quantum Day to discuss the industry’s progress, which was part of last week’s GTC.

There, Huang made another oopsie by revealing that when he made those remarks about quantum computing in January, he didn’t even think any of these firms were publicly traded. That’s despite Nvidia partnering with many of these firms on different projects.

We recently interviewed D-Wave Quantum CEO Dr. Alan Baratz, who runs a very real publicly traded quantum computing company, and asked him for his thoughts on how the event went.

His response:

“I was quite disappointed in how the panel that I was involved in went. I think that it was quite self-serving for Nvidia. I expected that, but I expected it to be a bit more thoughtful and respectful. I was surprised when Jensen said, I didnt even know there were public quantum companies. Seriously?

I was disappointed when he said, well, maybe quantum computers arent really computers, theyre just scientific instruments. Well, OK, if thats true, why are we computing the solutions to problems that cant be computed on your GPUs? I mean, I thought that comment was very kind of derogatory toward the quantum industry and self-serving for Nvidia. And so I just felt that the whole tone and tenor was dismissive of quantum computing and the quantum industry. And that was disappointing to me.”

In San Jose, Nvidia also announced that it would be building an accelerated quantum computing research center in Boston “in collaboration with leading hardware and software makers.”

D-Wave has not been invited to be part of that consortium. That doesn’t bother Baratz too much, though, since he expects the company will be ahead of the curve in pulling off what the chip designer is looking to accomplish, as D-Wave aims to integrate its Advantage quantum computer with a supercomputer in Germany in the near future.

From Baratz:

“We were not approached and yes, it was a mistake. But I’m not too concerned about it because frankly, we’ll probably be up and running with that integration capability at the Julich Supercomputing Center well before it will be up and running in Boston.

I mean, think about it, you know, Jensen is going to provide GPUs for quantum-GPU integration. That’s what we’re doing at Julich with 25,000 GPUs! That will be up and running in months. So no, we were not approached; yes, I think it was a mistake that we are not approached, because we’re quite unique in the quantum industry and I would think that if Nvidia was really interested in understanding how quantum and GPUs relate to one another, you would be interested in doing it with more than just one form of quantum computing. 

But we’re already marching down that path. We’re just doing it at a different facility.”

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Opendoor soars as co-founders Keith Rabois and Eric Wu added to board of directors, Shopify COO Kaz Nejatian appointed as new CEO


Opendoor Technologies is soaring after announcing that two of the online real estate company’s co-founders, Keith Rabois and Eric Wu, have been added to its board of directors. Rabois will serve as Chairman.

The company said Wu and Rabois’ VC firm are buying $40 million in Opendoor stock via a private investment in public equity (PIPE) financing.

In addition, Opendoor has poached Shopify COO Kaz Nejatian to serve as its new CEO after Carrie Wheeler resigned in mid-August.

“Literally there was only one choice for the job: Kaz. I am thrilled that he will be serving as CEO of Opendoor,” said Rabois.

The company touted that it’s “going into founder mode” with these additions in its press release, with lead independent director Eric Feder championing this injection of “founder DNA.”

That exact phrase, “founder DNA,” was used by Eric Jackson, architect of the initial rally and social interest in Opendoor, as he openly campaigned for these very two individuals to be added to the board.

This underscores how far the company is willing to go in embracing a new strategy of listening to its investors (particularly the most prominent one, it seems!) as management aims to engineer a fundamental turnaround in its business to match the optimism embedded in its stock price.

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“Pokemon” trading cards skyrocketing in value and GameStop’s collectibles business taking off are two sides of the same coin


The Wall Street Journal’s fantastic piece “The Hot Investment With a 3,000% Return? Pokémon Cards” includes this vignette:

“...the cards caught fire among amateur investors during the pandemic. As some investors banded together to spark the GameStop meme stock mania, a more fringe group of traders, also stuck at home and armed with cash from government stimulus, began scooping up Pokémon cards.”

And the connection between “Pokemon” cards and the video game retailer is in fact even closer than that:

GameStop’s collectibles business played a big role in why it smashed Q2 revenue expectations! Sales in this segment exceeded $227 million, while the two analysts that provided forecasts had an average estimate of $170.4 million. Fiscal year to date, sales of collectibles make up 25.8% of its revenues, up from 16.4% at this time last year.

The company significantly expanded its footprint in the “Pokemon” trading card world in 2024 by launching in-store buying and selling of individual cards, and introduced Power Packs,” which include one card graded at 8 or above by the Professional Sports Authenticator, in its most recent quarter.

As a 35-year-old man who still plays Pokemon (Nuzlockes are peak math + strategy entertainment!), thinks the release of Pokemon Go marked the peak for Western civilization, and considers Christmas 1998 to be the second-best day of his life because it’s when he got Pokemon Red, I personally view the outperformance of Pokemon cards as being indicative of the power of nostalgia coupled with a drop-off in child rearing by millennials, leaving more room for discretionary purchases and investments.

And the nostalgia business seems like a great place to be.

“...the cards caught fire among amateur investors during the pandemic. As some investors banded together to spark the GameStop meme stock mania, a more fringe group of traders, also stuck at home and armed with cash from government stimulus, began scooping up Pokémon cards.”

And the connection between “Pokemon” cards and the video game retailer is in fact even closer than that:

GameStop’s collectibles business played a big role in why it smashed Q2 revenue expectations! Sales in this segment exceeded $227 million, while the two analysts that provided forecasts had an average estimate of $170.4 million. Fiscal year to date, sales of collectibles make up 25.8% of its revenues, up from 16.4% at this time last year.

The company significantly expanded its footprint in the “Pokemon” trading card world in 2024 by launching in-store buying and selling of individual cards, and introduced Power Packs,” which include one card graded at 8 or above by the Professional Sports Authenticator, in its most recent quarter.

As a 35-year-old man who still plays Pokemon (Nuzlockes are peak math + strategy entertainment!), thinks the release of Pokemon Go marked the peak for Western civilization, and considers Christmas 1998 to be the second-best day of his life because it’s when he got Pokemon Red, I personally view the outperformance of Pokemon cards as being indicative of the power of nostalgia coupled with a drop-off in child rearing by millennials, leaving more room for discretionary purchases and investments.

And the nostalgia business seems like a great place to be.

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Oracle’s hyperscaler competitors lag after the cloud computing giant’s blowout revenue forecast

Oracle’s forecast for mind-blowing revenue growth through its fiscal 2030 is lifting most AI-adjacent stocks today.

However, the ones being left behind in this rising tide, falling or lagging well behind Morgan Stanley’s basket of AI tech beneficiaries (up 5.8% as of 12:22 p.m. ET), are its fellow hyperscalers.

Microsoft and Alphabet, which also have massive cloud divisions, are positive — but only just. Amazon, whose cloud revenue growth was deemed a disappointment relative to peers this quarter, is down 2.8%. Meta is down 1.2%.

This suggests, at the very least, that traders aren’t mapping Oracle’s outlook for Nvidia-like revenue growth onto the other major cloud players or one of their biggest customers.

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