Last week, on March 18, 2024, Nvidia ($NVDA US) announced the launch of the Nvidia Quantum Cloud service for researchers and developers to test out their quantum-computing software across scientific domains such as chemistry, biology, and material science.
“NVIDIA Quantum Cloud breaks down the barriers to exploring this transformative technology and lets every scientist in the world harness the power of quantum computing and bring their ideas closer to reality”, said Tim Costa, director of HPC and quantum computing at NVIDIA [Nvidia Press Release, March 18, 2024].
As quantum computing enablers, such as Nvidia, shift tools to adopters, the growing ecosystem of global players will emerge to develop and commercialize quantum technologies. According to McKinsey & Company [The Quantum Technology Monitor, April 2023], the potential quantum technology market size will reach USD 106 billion by 2040.
BlueStar® Machine Learning and Quantum Computing Index (BQTUM) tracks the performance of the largest and most liquid companies in the global quantum computing and machine learning industries. It continues to break its all-time highs, with one-year performance greater than 40%, ending March 24, 2024.
BlueStar® Machine Learning and Quantum Computing Index
3/24/2023-3/24/2024
Source: MarketVector IndexesTM. All values are rebased to 1,000. Data as of March 24, 2024.
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Joy Yang is the Head of Product Management and Marketing at MarketVector. She is responsible for managing MarketVector products and services to accelerate innovation in financial index design and adoption. Joy brings more than 25 years of investment experience to MarketVector, having led teams delivering index and quantitative-active investment solutions at Arabesque Asset Management, Dimensional Fund Advisors, Vanguard, Aberdeen Standard Investments, AXA Rosenberg, and Blackrock. She has an MBA from the University of Chicago Booth School of Business and a Bachelor of Science in Electrical Engineering from Cooper Union’s Albert Nerken School of Engineering.
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