Nisha Gopalan
2 min read
In This Article:
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Quantum computing shares are jumping in premarket trading Wednesday after Nvidia CEO Jensen Huang said that the industry is “reaching an inflection point."
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Huang's comments during his keynote speech at the chipmaker’s GTC Paris developer conference mark a more optimistic take on quantum computing by the Nvidia CEO than earlier this year.
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Shares in Quantum Computing, Rigetti, D-Wave Computing, and IonQ are all rising in premarket trading.
Quantum computing shares are jumping in premarket trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point."
Huang's comments during his keynote speech at the chipmaker’s GTC Paris developer conference mark more optimistic take by the Nvidia CEO, who said early this year that quantum computing technology is 15 to 30 years away.
“Quantum computing is reaching an inflection point,” Huang said in the speech Wednesday. “We are within reach of being able to apply quantum computing, quantum classical computing, in areas that can solve some interesting problems in the coming years.”
Quantum computing involves qubits, which can exist in a multidimensional state, unlike a normal computer bit that can be in one state (either 0 or 1), making them capable of much more powerful computations than ordinary computers.
Shares in Quantum Computing (QUBT) are jumping more than 14% in premarket trading, Rigetti (RGTI) shares are up 7%, and D-Wave Quantum (QBTS) shares are rising 4%. Shares in quantum computing firm IonQ (IONQ), which announced the acquisition of a U.K. rival Monday and has a collaboration with Nvidia, are up 5%.
IBM (IBM) shares, which hit an all-time high Tuesday after it showcased a "viable path" to building the world’s first large-scale, "fault-tolerant" quantum computer by the end of the decade, are little changed in premarket trading.
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