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In this episode of ETF Spotlight, I speak with Chris Gannatti, global head of research at WisdomTree, about quantum computing and the WisdomTree Quantum Computing Fund (WQTM - Free Report) .
Unlike traditional computers that use binary digits, or bits, which can only represent 0 or 1, quantum computers use quantum bits, or qubits. Thanks to certain properties of qubits, quantum computers can process information exponentially faster than conventional machines and have the potential to revolutionize entire industries by solving problems currently considered impossible.
Scientists have been developing and theorizing about quantum computers for more than four decades. However, recent breakthroughs have raised hopes that this revolution may be closer to reality than previously believed.
Google's (GOOG - Free Report) Willow chip can reportedly perform calculations in under five minutes that would take one of the world's most powerful supercomputers virtually forever to complete. Google's CEO believes the technology is now "where maybe AI was five years ago."
NVIDIA (NVDA - Free Report) CEO Jensen Huang recently said, "AI is essential to making quantum computing practical." Is quantum computing competitive with AI, or is it complementary?
Chris explains why tech giants like IBM (IBM - Free Report) , Google, Microsoft (MSFT - Free Report) , Amazon (AMZN - Free Report) , and NVIDIA remain at the forefront of quantum innovation. He also discusses the innovative strategies being pursued by pure-play quantum companies such as IonQ (IONQ), D-Wave Quantum (QBTS - Free Report) , and Rigetti Computing (RGTI - Free Report) .
The U.S. government recently announced $2 billion in grants to nine quantum computing companies in exchange for minority equity stakes. In addition, President Trump signed two quantum executive orders earlier this month.
These moves underscore the importance governments around the world are placing on this potentially transformative technology.
Because it is still too early to identify the long-term winners, a diversified approach through ETFs like WQTM and the Defiance Quantum ETF (QTUM - Free Report) may make more sense for most investors.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.
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Quantum Computing: The Next AI Investment Opportunity?
In this episode of ETF Spotlight, I speak with Chris Gannatti, global head of research at WisdomTree, about quantum computing and the WisdomTree Quantum Computing Fund (WQTM - Free Report) .
Unlike traditional computers that use binary digits, or bits, which can only represent 0 or 1, quantum computers use quantum bits, or qubits. Thanks to certain properties of qubits, quantum computers can process information exponentially faster than conventional machines and have the potential to revolutionize entire industries by solving problems currently considered impossible.
Scientists have been developing and theorizing about quantum computers for more than four decades. However, recent breakthroughs have raised hopes that this revolution may be closer to reality than previously believed.
Google's (GOOG - Free Report) Willow chip can reportedly perform calculations in under five minutes that would take one of the world's most powerful supercomputers virtually forever to complete. Google's CEO believes the technology is now "where maybe AI was five years ago."
NVIDIA (NVDA - Free Report) CEO Jensen Huang recently said, "AI is essential to making quantum computing practical." Is quantum computing competitive with AI, or is it complementary?
Chris explains why tech giants like IBM (IBM - Free Report) , Google, Microsoft (MSFT - Free Report) , Amazon (AMZN - Free Report) , and NVIDIA remain at the forefront of quantum innovation. He also discusses the innovative strategies being pursued by pure-play quantum companies such as IonQ (IONQ), D-Wave Quantum (QBTS - Free Report) , and Rigetti Computing (RGTI - Free Report) .
The U.S. government recently announced $2 billion in grants to nine quantum computing companies in exchange for minority equity stakes. In addition, President Trump signed two quantum executive orders earlier this month.
These moves underscore the importance governments around the world are placing on this potentially transformative technology.
Because it is still too early to identify the long-term winners, a diversified approach through ETFs like WQTM and the Defiance Quantum ETF (QTUM - Free Report) may make more sense for most investors.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.