Google aims to release commercial quantum computing applications within five years, Google's head of quantum told Reuters on Wednesday, in a challenge to Nvidia's predictions of a 20-year wait.

Google's head of quantum thinks we could get real-world applications of quantum computing in just five years, while Nvidia claims it's more like 20.The Latest Tech News, Delivered to Your Inbox

Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek shakeup disrupting the AI narrative.

Nvidia was gaining early on Wednesday after Google-parent Alphabet committed to spending on artificial-intelligence infrastructure and rival Advanced Micro Devices’ AI chip revenue disappointed. Nvidia shares were up 0.

Key Takeaways Nvidia and Broadcom shares surged Wednesday after Google parent Alphabet, a customer of both chipmakers, said it plans to ramp up spending on artificial intelligence. Alphabet said Tuesday that it plans to spend as much as $75 billion in capital expenditures this year,