Quantum computing stocks extend the rally of recent days, boosted by a Microsoft directive that urged companies to be “ready for quantum computing” in 2025, as investors resumed operations of “risk” after December core inflation was weaker than expected.
Let us remember that, in the Buenos Aires stock market, Argentine Deposit Certificates (Cedear) allow local investors to access shares of foreign companies, in this case some of those linked to quantum technology such as:
This rebound in shares of quantum computing companies comes after NVIDIA’s publication on its blog, where it highlighted the potential of the sector and recent advances.
Market analysis
“We are on the threshold of the era of reliable quantum computing,” wrote Mitra Azizirad, president and chief operating officer of Microsoft’s strategic missions and technologies, in a blog post. “And we are right on the edge of seeing quantum computers solve significant problems and capture new business value.”
Microsoft’s comments helped lift Rigetti Computing shares more than 23% on Wednesday, while D-Wave Quantum rose 21%, IonQ climbed 35%, and the Defiance Quantum and AI ETF rose 2.7%. The rally was also fueled by Nvidia’s announcement Tuesday of a “Quantum Day” at its March GTC conference.
Microsoft announced a program to help companies prepare for the arrival of the era of quantum computing. Azizirad commented that this is a “critical and catalytic time for business leaders to act,” and expects quantum research and development to accelerate rapidly over the next year.
Microsoft is the latest company to fuel enthusiasm for quantum computing, a field of computing that uses quantum mechanics to solve complex problems faster than traditional computers. Quantum stocks soared last year after Google, a unit of Alphabet, announced a breakthrough with its Willow quantum chip.
The comments of the Nvidia CEO, Jensen Huangthis month, reduced the momentum of last year’s recovery, suggesting that useful quantum computers are decades away. Shares of quantum companies also fell this week after comments from Mark Zuckerberg, CEO of Meta Platforms, also tempered expectations.
Despite the recent enthusiasm for the sector, many on Wall Street also believe that real use cases for the technology are decades away. Proponents say quantum computers will be able to perform computing tasks that traditional computers cannot, while processing much more data.
Source: Ambito
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