Quantum Computing Stocks Experience Volatile Trading Amid Nvidia Announcements
Quantum computing stocks exhibited sharp volatility on Tuesday, initially rallying during Nvidia CEO Jensen Huang's GTC conference keynote before reversing gains and later rebounding in after-hours trading. Rigetti Computing (RGTI), IonQ (IONQ), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) all closed lower but recovered partially post-market.
The early surge followed Huang's introduction of NVQLink, a system bridging quantum processors with GPU supercomputers. Rigetti and IonQ were highlighted as partners, fueling Optimism about AI-quantum integration. Momentum faltered after Nvidia's separate announcement of seven AI supercomputers for the U.S. Department of Energy, which traders initially misinterpreted as quantum-related.