Quantum Stocks rise as Nvidia CEO Huang says inflection is near

Investing.com -- Shares of several quantum computing companies have risen premarket on Wednesday after Nvidia (NASDAQ: NVDA) CEO Jensen Huang reiterated that quantum technology is at an "inflection point."

Huang’s comments, made at the VivaTech conference in Paris, have ignited optimism across the sector.

Quantum Computing Inc. has risen 7.3%, followed by IonQ up 3.55%. D-Wave Quantum increased by 1.6%, Arqit Quantum by 2.7%, and Rigetti Computing climbed 3.9%.

Huang emphasised that quantum calculations hold the potential to solve problems that would currently demand years of processing from even Nvidia’s most advanced AI systems.

He stated that quantum computing will tackle "some interesting problems" in the coming years.

The Nvidia chief’s remarks echo similar sentiments he expressed in March at Nvidia’s annual software developer conference. In March, he also announced a new quantum computing research lab in Boston in collaboration with Harvard and MIT scientists.

The comments marked a shift from his January comments, where he had suggested useful quantum computers were still two decades away, now signalling a much closer horizon for practical applications.

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