NVIDIA is set to unveil advancements in quantum computing at its annual GTC developer conference, sparking significant interest in quantum computing stocks. Over the past five trading days, D-Wave's stock price surged over 130%, reflecting the market's anticipation.
This year's GTC will feature its first-ever "Quantum Day," where NVIDIA's CEO Jensen Huang will join executives from quantum computing companies like D-Wave. The event aims to gather industry experts to discuss the roadmap for practical quantum applications in the coming decades.
Prior to the conference, quantum computing stocks have shown notable activity. Quantum Computing's stock price rose approximately 15%, while D-Wave's increased nearly 8% on a single day. NVIDIA plans to announce breakthroughs that could accelerate the timeline for practical quantum computing applications, despite Huang's earlier comments suggesting that it could take decades for such technology to become viable.
Earlier this year at CES, Huang indicated that while a useful quantum computer might be possible in 15 years, a more realistic expectation is around 20 years. He expressed NVIDIA's ambition to play a vital role in the development of quantum computers and expedite their realization.
Besides NVIDIA, tech giants like Google, Microsoft, and Amazon are also investing in quantum computing chips, intensifying the competition within the sector as companies vie for technological and market leadership.
