Quantum Computing Stocks Are Rallying: What's Driving the Surge?

Quantum computing stocks are experiencing a rise as the week begins, likely in anticipation of Nvidia Corp (NVDA) hosting its inaugural Quantum Day this week.

Key Information: The much-anticipated GTC 2025 event from Nvidia commenced on Monday and will continue until the end of the week. This AI conference aims to highlight innovations in physical AI, agentic AI, and advances in scientific discovery.

Nvidia will conduct its first Quantum Day during GTC 2025 on Thursday, gathering influential leaders from the global quantum computing sector. Jensen Huang, the CEO of Nvidia, will lead a two-hour panel discussion on Thursday morning. Given his influential role, Huang’s insights often have a significant impact on quantum-related companies.

Last year, quantum stocks rallied towards the end of 2024 due to optimism regarding several technical advancements. However, the sector swiftly retreated after Huang's keynote at CES 2025, where he indicated that practical quantum computing could still be two decades away. He stated, "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."

Some notable stocks gaining traction on Monday include D-Wave Quantum Inc (QBTS), Quantum Computing Inc (QUBT), Rigetti Computing Inc (RGTI), and IonQ Inc (IONQ).

D-Wave Quantum uplifted the sector last week after announcing a remarkable over 500% increase in fourth-quarter bookings. Following this report, several analysts raised their price targets for the stock.

Quantum Computing Inc is expected to report its fourth-quarter financial results after market closing on Thursday. Market analysts anticipate a loss of 5 cents per share, as per estimates from Benzinga Pro.

It's important to note that last week, short seller Kerrisdale Capital announced a short position against IonQ, citing valuation issues after the stock's recent performance. They remarked, "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."

Upcoming Considerations:

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

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Quantum, Stock, Nvidia