Quantum Stocks Extend Rally. Arqit Quantum up 40%; Quantum Corp up 23%; Quantum Computing up 20%; SEALSQ up 13%
Quantum computing stocks continued to soar on Monday. Arqit Quantum Inc. up 40%; QUANTUM CORP up 23%; Quantum Computing Inc. up 20%; SEALSQ up 13%; D-Wave Quantum up 10%.
NVIDIA's 2025 GTC Conference will kick off on March 17th, and CEO Jensen Huang's keynote speech is scheduled for March 18th. This conference will involve 1000 sessions, 2000 speakers, and nearly 400 exhibitors.
Mizuho Securities analyst Vijay Rakesh speculated in a report that NVIDIA may provide a new quantum computing product roadmap at this event. Huang was previously skeptical, believing that practical quantum computing is still 10 to 20 years away, contrasting with Google CEO Sundar Pichai's more optimistic 5 to 10-year timeline.
D-Wave Quantum surged 47% on Friday after revealing its “Quantum Supremacy,” reporting relatively strong Q4 results, and issuing robust Q1 guidance. Investors are increasingly excited about quantum computing’s potential, as it can tackle complex problems at speeds far beyond traditional computers. In light of this, Benchmark analyst David Williams reiterated his Buy rating on QBTS stock following the Q4 print.
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