(Bloomberg) — Asian software and information-technology stocks surged after Nvidia Corp. unveiled a suite of new open-source AI models aimed at accelerating progress within quantum computing.<\/p>\n
In South Korea, shares of several software and cybersecurity firms including Axgate Co. and ICTK Co. briefly hit their daily trading limit of 30%. China\u2019s GuoChuang Software Co. and QuantumCTek Co., along with Japan\u2019s Fixstars Corp., each rose at least 8%.<\/p>\n
Nvidia\u2019s new Ising artificial intelligence model, which launched late Tuesday in Asia, has renewed expectations that AI can improve quantum computing and make it scalable and more useful.<\/p>\n
Still, \u201cwhile these tools can potentially help accelerate developments, the deployment of practical, large-scale quantum computing remains a long way off,\u201d according to Bloomberg Intelligence analyst Robert Lea.<\/p>\n
Wednesday\u2019s gains come as tech and AI shares rebounded across the region, helped by signs that the US and Iran were reviving peace talks.<\/p>\n
The global quantum computing market is projected to jump to more than $11 billion by 2030 from nearly $1.7 billion in 2024, according to Stratistics Market Research Consulting.<\/p>\n