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Market Chatter: Nvidia in Discussions to Invest in Quantum Startup PsiQuantum
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Market Chatter: Nvidia in Discussions to Invest in Quantum Startup PsiQuantum
May 26, 2025 10:06 AM

06:42 AM EDT, 05/19/2025 (MT Newswires) -- Nvidia ( NVDA ) is in advanced talks to invest in quantum computing company PsiQuantum, The Information reported Sunday, citing an unnamed person involved in the talks.

PsiQuantum is in the process of raising $750 million at a $6 billion pre-money valuation in a funding round expected to be led by BlackRock, Reuters reported in late March.

The startup's existing investors include BlackRock, Microsoft's venture arm M12, Playground Global, and the Australian government.

If finalized, the deal would mark Nvidia's ( NVDA ) first investment in a company building a physical quantum computer.

Nvidia ( NVDA ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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