Quantum computing stocks made a significant move higher on Monday, as anticipation builds ahead of Nvidia’s (NASDAQ: NVDA) highly anticipated GPU Technology Conference (GTC). Shares of Quantum Computing Inc. (NASDAQ: QUBT) jumped by 15%, while D-Wave Quantum Inc. (NYSE: QBTS) climbed nearly 8% during afternoon trading.
Nvidia’s Quantum Day Sparks Market Excitement
The surge in quantum stocks comes as Nvidia’s CEO, Jensen Huang, prepares to host the company’s first-ever “Quantum Day” on Thursday during the GTC. The event will bring together top quantum leaders, including executives from D-Wave, IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI).
The conference aims to explore future applications of quantum technology, mapping out the path toward commercially viable quantum computing. According to Nvidia, the event will focus on what businesses can expect from quantum breakthroughs in the coming decades.
Quantum Stocks Gain Momentum Despite Long-Term Timelines
While QUBT and QBTS posted strong gains, IonQ and Rigetti saw their stocks slip by more than 2% during Monday’s session. However, all four companies are expected to play a role in Nvidia’s quantum roadmap, driving investor interest.
Despite the recent rally, quantum computing’s commercial viability is still years away. During Nvidia’s financial analyst day at the Consumer Electronics Show (CES) earlier this year, Huang cautioned that “useful quantum computers” are likely 15 to 30 years away.
“If you said 15 years for very useful quantum computers, that would probably be on the early side,” Huang explained at CES. “If you said 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.”
Nvidia’s Expanding Role in Quantum Computing
Despite the long timeline, Huang expressed confidence that Nvidia will play a key role in accelerating the development of quantum computing technology. He emphasized that the company aims to “shorten the timeline to useful applications”, leveraging its AI expertise and hardware innovations to advance the field.
With Nvidia’s increasing influence in the sector, quantum stocks are gaining momentum as investors speculate on potential partnerships, technological breakthroughs, and commercial applications.
GTC Quantum Day Could Drive Further Volatility
As Nvidia’s Quantum Day approaches, quantum stocks are expected to remain in focus. Investors will be watching closely for announcements regarding new collaborations, hardware advancements, and the timeline for practical quantum applications.
While quantum computing’s commercial impact may still be years away, the growing involvement of tech giants like Nvidia is fueling optimism—and market volatility—for quantum-related stocks.
