IonQ Inc. (IONQ) shares soared 5.18% in pre-market trading on Wednesday, riding a wave of optimism in the quantum computing sector. The surge comes after Nvidia CEO Jensen Huang made bullish comments about the technology's future at the VivaTech conference in Paris.
Huang stated that quantum computing technology is at an "inflection point" and predicted it would solve "some interesting problems" in the coming years. This marks a significant shift from his earlier skepticism, where he had suggested that useful quantum computers were decades away. The change in stance from a leading figure in the tech industry has sparked renewed interest in quantum computing stocks.
IonQ's pre-market rally is part of a broader movement in the quantum computing space. Other companies in the sector, including Rigetti Computing and D-Wave Quantum, also saw their stocks rise. The surge follows recent developments in the industry, such as IBM's announcement of a roadmap for the world's first "large-scale, fault-tolerant quantum supercomputer" and IonQ's own $1.075 billion acquisition of British start-up Oxford Ionics. These events have further fueled investor enthusiasm for quantum computing technologies.
