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Alan Baratz of D-Wave Quantum (David Fitzgerald/Getty Images)
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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

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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Ford beats revenue estimates in Q4, with weaker-than-expected earnings

The Detroit automaker released its fourth-quarter and full-year results after the bell on Tuesday.

markets

Robinhood Q4 revenue misses estimates, but earnings beat

Robinhood Markets posted fourth-quarter revenue that fell short of analysts’ estimates, but earnings topped Wall Street’s forecasts.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)

The stock, crypto, and options trading platform reported:

  • Q4 earnings per share of $0.66 vs. analysts’ consensus estimate of $0.63, according to FactSet.

  • Sales of $1.28 billion vs. expectations of $1.35 billion.

  • Transaction-based revenue of $776 million vs. expectations of $797.6 million. 

Shares of the company were down 5.4% shortly after the report.

Robinhood shares notched gains of 193% and 204% in 2024 and 2025, respectively, though they’ve recently given up some of those gains amid volatility in the crypto markets.

markets

The tech sector’s biggest winners and losers are swapping places

It’s bizarro world for the tech sector.

Software stocks, the market’s collective whipping boy in 2026 in light of the presumptive threat of AI disruption, are continuing to recover on Tuesday. Meanwhile, the biggest winners of the AI boom this year — memory stocks, benefiting from intense shortages — are taking their turn in the red.

The iShares Expanded Tech Software ETF’s gains are being led by Datadog, a rare case of a software stock rising after reporting earnings this season, with heavyweights Oracle and ServiceNow outperforming the industry. Figma, which isn’t in this product, is also up double digits.

On the other side of the spectrum, Micron, Sandisk, Seagate Technology Holdings, and Western Digital are selling off.

The seesaw of modern markets often requires that as one group’s fortunes inflect positively after a long drubbing, so too must a high-flyer have its wings clipped.

That is, if you’re a portfolio manager long memory and short software stocks, and enough investors are willing to catch a falling knife and buy the beaten-down group, staying market-neutral and reducing this position would require you to purchase software and dump some memory stocks.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.