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Nvidia CEO Signals Quantum Computing Inflection Point as Stocks Surge

IonQ’s $1.1 billion takeover of Oxford Ionics underscores the drive toward practical quantum computing

Overview

  • At GTC Paris, Jensen Huang announced that quantum computing is reaching an inflection point and will tackle real-world problems within years
  • Shares in Quantum Computing Inc., Rigetti Computing and IonQ rose about 12%, 7% and 5% respectively in premarket trading following Huang’s keynote
  • IonQ’s acquisition of Oxford Ionics for $1.1 billion marks a major consolidation move that highlights growing investor confidence
  • Nvidia promoted its hybrid quantum-classical Cuda Q platform and said its Grace Blackwell 200 chip will accelerate the company’s full quantum algorithm stack
  • Industry advances such as Google’s Willow quantum chip breakthrough in error correction are seen as critical steps toward reliable, large-scale quantum systems