5 Biggest Quantum Computing Companies in the World

4. NVIDIA Corporation (NASDAQ:NVDA)

Market Capitalization: $672.48 billion

2022 Total Revenue: $26.97 billion

NVIDIA Corporation (NASDAQ:NVDA) is a Santa Clara, California-based technology company known for making the world’s fastest graphic processing units (GPUs). The company is aligning itself with the quantum computing revolution by launching new hardware and software. In March 2023, NVIDIA Corporation (NASDAQ:NVDA) introduced the CUDA Quantum, which is a platform to construct quantum algorithms by employing widely known classical computer coding languages like C++ and Python. The program also has the ability to choose whether to run the algorithm on a classical computer or quantum computing based on efficiency.

RiverPark Advisors shared its stance on NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2022 investor letter. Here’s what the firm said:

“NVIDIA Corporation (NASDAQ:NVDA): NVDA shares were our next top contributor on better-than-expected 4Q results and 1Q guidance. The stock also benefitted from the positive momentum around Artificial Intelligence and the Nvidia chips that drive it. While revenue was down -21% year over year, a rebound in the company’s gaming business helped drive revenue above Wall Street’s expectations.

NVDA is the leading designer of graphics processing units (GPU’s) required for powerful computer processing. Over the past 20 years, the company has evolved through innovation and adaptation from a predominantly gaming-focused chip vendor to one of the largest semiconductor/software vendors in the world. Over the past decade, the company has grown revenue at a compound annual rate of over 20% while expanding operating margins and, through its asset light business model, producing ever increasing amounts of free cash flow. After working through its near-term slowdown, we expect future growth to remain robust as NVDA chips and software are critical to many of the core technologies being adopted globally, including cloud computing, virtual reality, and artificial intelligence.”