Quantum Computing Stocks Surge with Nvidia's Quantum Day Approaching

Quantum computing stocks are experiencing a rise at the beginning of the week, likely in anticipation of Nvidia Corp (NASDAQ: NVDA) hosting its first ever Quantum Day.

What To Know: Nvidia's GTC 2025 event commenced on Monday and will continue until the end of the week. This AI conference aims to highlight advancements in physical AI, agentic AI, and scientific discovery.

Nvidia will feature its first Quantum Day during GTC 2025 on Thursday, uniting key figures from the global quantum computing sector. Nvidia CEO Jensen Huang is set to lead a two-hour panel Thursday morning, a presence known to influence the fortunes of quantum stocks.

Earlier, quantum stocks rallied towards the end of 2024 due to optimism regarding technological progress. However, the market quickly adjusted after Huang's remarks at CES 2025, where he suggested that practical applications of quantum computing might be two decades away.

Huang noted, “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.”

Notable stock performers on Monday include D-Wave Quantum Inc (QBTS), Quantum Computing Inc (QUBT), Rigetti Computing Inc (NASDAQ: RGTI), and IonQ Inc (NYSE: IONQ).

Last week, D-Wave Quantum surged after revealing a more than 500% increase in fourth-quarter bookings, leading several analysts to adjust their price targets on the stock.

Quantum Computing Inc is scheduled to release its fourth-quarter financial results after the market closes on Thursday. Analysts anticipate a loss of 5 cents per share, per estimates from Benzinga Pro.

It's important to mention that short-seller Kerrisdale Capital recently announced a short position against IonQ, expressing concerns over its valuation following a recent increase in stock price.

The short seller asserted, "Despite retreating from all-time highs, shares still trade at a staggering 40x consensus 2026E revenue—a valuation that defies 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.

Quantum, Nvidia, Stocks