D-Wave Quantum Inc. (QBTS) saw its stock soar 11.23% in pre-market trading on Monday, leading a broader rally in quantum computing stocks following a tumultuous week. The surge comes after Nvidia's 'Quantum Day' event last Thursday, which initially underwhelmed the market but now appears to have sparked renewed interest in the sector.

The quantum computing industry, which includes companies like D-Wave, Arqit Quantum, IONQ, and Rigetti Computing, experienced significant gains across the board. These companies are at the forefront of developing technology that utilizes subatomic particle properties to achieve computational speeds far beyond traditional machines.

Investors' renewed optimism seems to stem from a reassessment of Nvidia CEO Jensen Huang's comments during the GTC conference. While Huang had previously suggested that "useful" quantum computers were decades away, his recent statements appeared to soften this stance. However, his remarks also highlighted the long road ahead for smaller companies in the sector to generate significant revenue, underscoring the speculative nature of investments in quantum computing stocks.

As the dust settles from Nvidia's event, the quantum computing sector appears to be entering a period of recalibration. Analysts suggest that a temporary lull in high-profile discussions about quantum technology might allow excitement to rebuild organically, potentially supporting further stock price appreciation for companies like D-Wave Quantum Inc. in the near term.