Quantum computing stocks rallied Monday ahead of Nvidia's (NASDAQ:NVDA) first-ever Quantum Day at its GTC AI Conference, set to run from March 17 to 21.
Arqit Quantum (NASDAQ:ARQQ) led the sector, soaring 34.59% by 12:59 PM ET. Quantum Computing ( QUBT) followed with a 14.30% gain by 1:02 PM ET, while D-Wave Quantum (NYSE:QBTS) climbed 6.06% by 1:02 PM ET.
Nvidia's upcoming Quantum Computing: Where We Are and Where We're Headed session on Thursday will feature industry leaders, including D-Wave CEO Alan Baratz, IonQ CEO Peter Chapman, and Rigetti CEO Subodh Kulkarni. Despite the quantum buzz, Nvidia shares dipped about 3% Monday.
Quantum computing has gained momentum as big tech firms enter the space. Last December, Google (NASDAQ:GOOG) unveiled its Willow quantum chip, and in February, Microsoft (NASDAQ:MSFT) introduced the Majorana 1 quantum processor, both of which fueled sector-wide gains.
However, market enthusiasm remains volatile. In January, Nvidia CEO Jensen Huang cautioned that quantum computing is still decades away, briefly dampening investor sentiment and prompting pushback from D-Wave's Alan Baratz.
With Nvidia set to spotlight quantum advancements this week, investors are watching closely to see if the rally holds or fades.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。