Quantum Computing Stocks Surge 32% After NVIDIA CEO's Optimistic Remarks

Ticker BuzzWednesday, Jun 11, 2025 1:07 pm ET
1min read

On Wednesday, during the early trading session, shares of quantum computing companies surged following optimistic remarks by NVIDIA CEO Jensen Huang about the technology. Speaking at the company's GTC Paris developer conference, Huang stated that quantum computing is reaching a pivotal moment. He expressed confidence that quantum computers could be used to solve complex problems within the next few years.

Huang's comments marked a significant shift from his earlier statements in January, where he had suggested that practical quantum computers might take up to twenty years to develop. This earlier pessimistic outlook had led to a decline in quantum technology stocks. Huang later retracted those comments, and his recent optimism has been well-received by investors.

The surge in quantum computing stocks was evident as Quantum Computing Inc. saw a rise of over 32%, Rigetti Computing jumped by more than 17%, and IonQ increased by 7%. These companies are primarily involved in the production of quantum computing hardware and software. In contrast, the S&P 500 index remained relatively stable.

Huang's remarks came just a day after IBM announced plans to develop the world's first large-scale quantum computer capable of error-free operation by 2029. This announcement is seen as a significant step forward in addressing the current challenges faced by quantum computing, such as error rates and stability. Quantum computers, which rely on quantum mechanics and advanced mathematics, have the potential to outperform classical computers in areas like network security, cryptography, and chemistry.

The development of practical quantum computers has been hindered by their susceptibility to errors, which has slowed the industry's progress. However, IBM's announcement is seen as a crucial milestone in overcoming these obstacles. Other major tech companies, including Google, Amazon, and Microsoft, have also made significant strides in the field of quantum computing. Amazon and Microsoft recently launched two new quantum chips, while Google introduced the Willow quantum computing chip in December, claiming it paves the way for practical large-scale quantum computing.

Ask Aime: Did NVIDIA's CEO Jensen Huang's latest comments on quantum computing lead to a surge in stocks?

NVIDIA, known for its AI chip manufacturing, is also eyeing the growing quantum computing market. The company held its first "Quantum Day" event in March 2025 and announced plans to establish a quantum research center in Boston. This move underscores NVIDIA's commitment to advancing quantum computing technology and its potential applications.