Nvidia’s New AI models spark rally in quantum computing stocks
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Nvidia's new AI models have sparked a rally in quantum computing stocks in Asia, with shares of several software and cybersecurity firms rising significantly. The global quantum computing market is projected to jump to over $11 billion by 2030, driven by advancements in AI and technology.
Nvidia unveiled new open-source AI models to accelerate progress in quantum computing. Asian software and IT stocks surged, with South Korean firms Axgate and ICTK hitting their daily trading limit. Chinese and Japanese firms also saw significant gains. Nvidia's Ising AI model launched on Tuesday, renewing expectations for scalable quantum computing. The global quantum computing market is expected to grow to $11 billion by 2030. Tech and AI shares rebounded across the region, driven by signs of US-Iran peace talks.
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