What's Going On With NVIDIA Stock Today

Nvidia Corp NVDA has announced a pact with Rolls Royce Holdings PlcRLLCF and Classiq to design jet engines using quantum computing. 

The companies used quantum-computing technologies to introduce computation fluid dynamics in operating jet engines.

Leveraging Nvidia Corp's quantum-computing platform, the companies simulated the world's largest quantum-computing circuit for computational fluid dynamics to develop jet engines. 

The circuit was built using NVIDIA A100 Tensor Core GPUs. 

"Designing jet engines, which are one of the most complicated devices on earth, is expensive and computationally challenging," said Ian Buck, vice president of Hyperscale and HPC at Nvidia Corp. 

Nvidia Corp's quantum computing platform gives Rolls-Royce a potential path to tackle these problems while accelerating its research of more efficient jet engines.

Nvidia Corp also announced plans to build a new lab with the Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich (FZJ).

Based on the NVIDIA quantum computing platform, the lab will feature a classical-quantum supercomputer in partnership with ParTec AG, Munich.

Also Read: Nvidia Analyst Lifts Price Target Ahead Of Q1 Results: 'Should Warrant A Meaningful Premium vs Semiconductor Peers'

The company is scheduled to report first-quarter results On May 24 after the market close. The chipmaker is widely expected to report earnings per share of $0.91, with revenues of $6.51 billion.

Price Action: NVDA shares traded higher by 0.42% at $313.95 on the last check Monday.