Nvidia Move Sparks Unexpected Quantum Stock Rally – Yahoo Finance
This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) just gave quantum computing stocks a jolt after rolling out a new set of open source AI models designed to speed up progress in the space.
The reaction was immediate. Across Asia, software and IT names moved sharply higher, with South Korea’s Axgate and ICTK briefly hitting their 30% daily trading limit. In China, GuoChuang Software and QuantumCTek climbed at least 8%, while Japan’s Fixstars saw similar gains. Nvidia called this the first family of open source AI models built specifically for quantum computing, and said it sees the market scaling past $11 billion by 2030.
That excitement carried into U.S. names. IonQ jumped 20%, D-Wave Quantum rose 5.8%, and Rigetti Computing added 2%. Xanadu Quantum Technologies also gained 4% in extended trading. The market is starting to price in a tighter link between AI breakthroughs and quantum development.
