Sources: 
Quantum computing stocks rallied sharply Wednesday following Nvidia CEO Jensen Huang's optimistic remarks at the GTC Paris developer conference.
Huang declared that "
we are within reach" of deploying quantum computers to tackle "
some interesting problems in the coming years." This bullish outlook on the technology's timeline sparked a surge in market confidence, with Quantum Computing stocks rising over
25% and Rigetti Computing shares climbing more than
11%.
The enthusiasm comes amid a broader industry push, as IBM recently announced efforts to build the world's first large-scale quantum computer capable of error-free operation. Meanwhile, other tech giants like Google, Amazon, and Microsoft continue advancing their quantum initiatives.
Investors interpreted Huang's comments as a significant signal that practical quantum computing applications are nearing reality, accelerating interest and investment in the sector.
"
We are within reach" of meaningful quantum breakthroughs, Huang emphasized, underscoring the rapid progress in this cutting-edge field.
This momentum reflects growing confidence that quantum technology will soon solve complex computational problems beyond classical capabilities, potentially revolutionizing industries from cryptography to materials science.
As the race intensifies among leading tech companies, Nvidia's announcement at GTC Paris marks a pivotal moment, fueling optimism for quantum computing's commercial viability in the near future.
Sources: Quantum computing stocks surged over 25% Wednesday after Nvidia CEO Jensen Huang signaled breakthroughs at the GTC Paris conference, stating quantum computers are 'within reach' for solving complex problems soon. Rigetti Computing also jumped 11%, amid growing momentum from IBM and other tech giants in quantum advancements.