Quantum Computing Stocks Surge
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Quantum Computing Inc. (NASDAQ:QUBT) just crossed into the green for the year after a 25.4% single-day surge. It is by far the best-performing quantum computing stock today and the poster child for the quantum-computing melt-up that followed Nvidia CEO Jensen Huang’s unexpectedly bullish comments at the GTC Paris conference.
Speaking at Nvidia's Paris GTC conference today, Huang said that quantum computing is "approaching an inflection point." The comments helped power huge gains for quantum stocks, and Quantum Computing has been the day's biggest winner so far.
Needham maintained its 'buy' rating on IonQ, saying that the Oxford Ionics acquisition could propel 2 million physical qubits by 2030.
Jensen Huang’s reversal shows how fast sentiment can flip. Institutional money is already circling. The sector has had its flush, and now price action is stabilizing around key levels—$5 for D-Wave, $30 for IonQ. That’s classic basing behavior.
Key Takeaways Shares of Quantum Computing surged 25% to their highest level since December on Wednesday, boosted by Nvidia CEO Jensen Huang’s bullish remarks about the emerging technology. The stock recently broke out from a rectangle,