Microsoft · CNBC Technology
Quantum stocks on pace for a large week after Nvidia launches AI models to boost the tech
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Hyperscalers Alphabet, Amazon and Microsoft have been investing heavily in chips to power quantum computing.
Key facts
- WATCH: De Masi: Quantum systems will be far more energy efficient than classical AI CORRECTION: This story has been updated to reflect that IBM is developing the first large-scale, fault-tolerant
- Quantum Computing and Rigetti Computing have surged more than 30% each
- But the market remains small, with the largest names accounting for around $31 billion in market value ahead of Thursday's open
- Since the start of the week, IonQ shares have skyrocketed over 50%, as have shares of D-Wave Quantum
Summary
In this article IONQ QBTS QUBT RGTI Quantum stocks climbed on Thursday, adding to a massive week-to-date rally fueled by enthusiasm for Nvidia 's new open-source artificial intelligence models designed to advance the burgeoning computing technology. Since the start of the week, IonQ shares have skyrocketed over 50%, as have shares of D-Wave Quantum . Quantum Computing and Rigetti Computing have surged more than 30% each. "AI is essential to making quantum computing practical," Nvidia CEO Jensen Huang said in a statement. "With Ising, AI becomes the control plane — the operating system of quantum machines — transforming fragile qubits to scalable and reliable quantum-GPU systems. The date was chosen because 4.14 represents the first three digits of a key concept in quantum physics known as the Planck constant. Proponents tout quantum computing as a transformative technology that can accelerate drug discovery and solve problems impossible to answer on everyday computers.
IonQ also made news on Tuesday. The Maryland-based company said it linked two remote quantum computers, which it called a "foundational technical milestone. WATCH: De Masi: Quantum systems will be far more energy efficient than classical AI.