Quantum Computing Stocks Rally as Nvidia Prepares for Quantum Day

Quantum computing stocks are experiencing a positive surge at the beginning of the week, likely driven by anticipation surrounding Nvidia Corp’s first ever Quantum Day.

What You Should Know: Nvidia's GTC 2025 event commenced on Monday and will continue until the end of the week. This AI-focused conference will showcase significant advancements in areas like physical AI, agentic AI, and scientific discovery.

Nvidia plans to present its inaugural Quantum Day on Thursday, gathering key figures from the global quantum computing industry. CEO Jensen Huang will lead a two-hour panel discussion that morning, and he is known for influencing market movements in quantum-related stocks.

The sector witnessed a spike in stocks toward the close of 2024, fueled by optimism about technological advancements. However, the market quickly retracted when Huang spoke at CES 2025, suggesting that practical quantum computing might be around two decades away.

According to Huang, “If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it’s probably on the late side. But if you picked 20, I think a whole bunch of us would believe it.”

On Monday, several notable stocks made significant gains, including D-Wave Quantum Inc (QBTS), Quantum Computing Inc (QUBT), Rigetti Computing Inc (NASDAQ; RGTI), and IonQ Inc (IONQ).

D-Wave Quantum energized the sector last week with a report indicating more than a 500% increase in fourth-quarter bookings. Following this announcement, several analysts raised their price targets for the stock.

Quantum Computing Inc is set to release its fourth-quarter financial results after market close on Thursday. Analysts predict a loss of 5 cents per share based on estimates from Benzinga Pro.

It is also noteworthy that Kerrisdale Capital, a short-selling firm, disclosed a short position against IonQ last week, expressing concerns over its valuation after the stock’s recent rise. The firm stated, "Despite retreating from all-time highs, shares still trade at a staggering 40x consensus 2026E revenue – a valuation that defies both logic and the warnings of former IonQ employees, who highlighted monumental scaling challenges that will derail the company’s ambitious plans."

Read Next:

• Nvidia Stock Reached All-Time Highs After Jensen Huang’s CES Keynote — Will Next Week’s GTC Spark Another Surge?

Photo: courtesy of Nvidia.

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