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Nvidia's Quantum Ambitions, The Gallium Bottleneck, and DoorDash Drone Deliveries
Uncovering the world’s most exciting early stage companies. Discover what’s next.
Nvidia Is Coming For Quantum Computing Next
Nvidia (NASDAQ:NVDA) announced plans to launch a cloud computing venture specifically built for the needs of quantum computers. After dominating the hardware supply for the proliferation of artificial intelligence, Nvidia has recently advanced several notable initiatives in the emerging area of quantum computing.
Could Gallium Be The Bottleneck For The Tech Boom?
Gallium is an essential input for both chip manufacturing and semiconductors, and is becoming significantly more relevant as North America looks to find reliable sources of domestic supply. With the United States currently reliant entirely on China for the export of gallium, the rapidly growing demand for leading edge chips and semiconductors driven by artificial intelligence and computing companies is becoming a growing supply concern.
Bringing Carbon Emission Transparency To Bitcoin Mining
Gryphon Digital Mining (NASDAQ:GRYP) has become the first publicly listed Bitcoin mining company to provide full transparency into the carbon emissions of their Bitcoin mining operations. By validating that it is possible to mine Bitcoin without producing carbon emissions, Gryphon is aiming to usher in a new era of renewable energy powered mining.
The Sprint
Coinbase (NASDAQ:COIN) is experiencing enormous growth for Base, their layer 2 blockchain built on Ethereum, which has added more than $1 billion in total value locked in the past 30 days.
DoorDash (NASDAQ:DASH) and Wing have partnered to use drones for DoorDash deliveries in the United States for the very first time, beginning with a pilot in Virginia.
Germany has officially passed new regulations which fully decriminalize recreational cannabis use in the country.
The Markets
+220.8% | Coinbase (NASDAQ:COIN), since launching their blockchain Base on August 9, 2024.
+109.5% | Canopy Growth (NASDAQ:CGC) in March, fuelled by German decriminalization and Canada looking to reform the country’s cannabis excise tax.
+49.4% | iShares Bitcoin ETF (NASDAQ:IBIT), since BlackRock launched the spot Bitcoin ETF in January.
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