Nvidia's Quantum Pivot? Jensen Huang-Led Chip Giant Reportedly Mulls Major Stake In PsiQuantum
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Nvidia Corporation is reportedly in advanced talks to invest in quantum computing startup PsiQuantum, which is working with the U.S. and Australian governments to build quantum computers. PsiQuantum utilizes standard semiconductor manufacturing methods and is securing at least $750 million in funding, valuing the company at $6 billion. Nvidia recently announced a quantum research lab in Boston and is set to release its first-quarter earnings on May 28, with analysts expecting earnings of 89 cents per share on revenue of $43.07 billion. Nvidia's stock closed at $135.40, up 0.4%.
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