Shares of Quantum Computing Inc. (QUBT) surged 16.06% in pre-market trading on Wednesday, following bullish comments from Nvidia CEO Jensen Huang about the quantum computing industry. The significant uptick comes as part of a broader rally among quantum computing stocks, sparked by Huang's remarks at the VivaTech conference in Paris.
During the conference, Huang stated that quantum computing technology is at an "inflection point," asserting that the world is "within reach of being able to apply quantum computing in areas that can solve some interesting problems in the coming years." This optimistic outlook marks a significant shift from Huang's previous stance in January when he suggested that useful quantum computers were still 15 to 30 years away.
The renewed enthusiasm for quantum computing has led to a sector-wide rally. While Quantum Computing Inc. saw the most substantial gain, other companies in the space also experienced significant pre-market increases. Rigetti Computing rose 6.2%, IonQ climbed 4.7%, and D-Wave Quantum was up 3.1%. Adding to the positive sentiment, Quantum Computing Inc. is set to join the Russell 3000 and small-cap Russell 2000 indexes during their annual reconstitution later this month, likely increasing the company's visibility among investors and contributing to sustained interest in the stock.
