Quantum stocks higher as Nvidia CEO sees ‘inflection point’

Quantum computing technology is at an inflection point, Nvidia (NVDA) CEO Jensen Huang told the VivaTech conference in Paris on Wednesday, adding that quantum computing will solve “some interesting problems” in the coming years, Reuters’ Supantha Mukherjee reported. The comments sound like a change in tone given that months ago Huang had offered his opinion that “very useful” quantum computers are likely decades away. Shares of quantum computing stocks moving higher in early Wednesday trading following Huang’s comments include D-Wave Quantum (QBTS), IonQ (IONQ), Rigetti Computing (RGTI) and Quantum Computing (QMCO).

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter