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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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Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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Analysts revise up anything and everything they thought about Oracle

After the company’s bombshell earnings this week, Wall Street thinks Oracle’s trajectory has changed.

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Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season pass sales heading into the fall. The nine-week period ended August 31 saw 17.8 million guests, up about 2% from the same stretch last year, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up about 3%.

The good vibes come despite a drop in in-park per-capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant signed a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down about 52% year to date.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’sbig, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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