Since the start of the week, IonQ<\/a> shares have skyrocketed over 50%, as have shares of D-Wave Quantum<\/a>. Quantum Computing<\/a> and Rigetti Computing<\/a> have surged more than 30% each.<\/p>\n The rally comes on the heels of Nvidia’s unveiling of Ising<\/a>, a new family of open-source models aimed at accelerating the adoption of quantum computing.<\/p>\n “AI is essential to making quantum computing practical,” Nvidia CEO Jensen Huang said in a statement. “With Ising, AI becomes the control plane \u2014 the operating system of quantum machines \u2014 transforming fragile qubits to scalable and reliable quantum-GPU systems.”<\/p>\n Nvidia explained further in a press release<\/a> that Ising “provides high-performance, scalable AI tools for quantum error correction and calibration \u2014 two of the most critical challenges in building hybrid-quantum classical systems.” <\/p>\n The chip giant named Ising after a famous mathematical model.<\/p>\n Nvidia’s announcement aired on what’s become known as “World Quantum Day<\/a>,” ever since an international group of scientists announced in 2021 that April 14th should be used to promote public awareness of quantum technology. <\/p>\n The date was chosen because 4.14 represents the first three digits of a key concept in quantum physics known as the Planck constant.<\/p>\n Tuesday also marked Nvidia’s longest winning streak<\/a> since 2023, with shares up 18% over ten days.<\/p>\n Proponents tout quantum computing as a transformative technology<\/a> that can accelerate drug discovery and solve problems impossible to answer on everyday computers.<\/p>\n The U.S. government and technology giants are investing heavily in advancing quantum computing. <\/p>\n Over the last few years, hyperscalers such as Microsoft<\/a>, Alphabet<\/a>, and Amazon<\/a> have announced chips to power the futuristic tools. IBM<\/a> is racing to develop the first large-scale, fault-tolerant quantum computer by 2029<\/a>.<\/p>\n But the market remains small, with the largest names accounting for around $31 billion in market value ahead of Thursday’s open. <\/p>\n The sector is also susceptible to wide swings due to its speculative nature, and many stocks have slumped year to date. D-Wave and Rigetti have dropped 18% and 12%, respectively. <\/p>\n IonQ also made news on Tuesday. The Maryland-based company said<\/a> it linked two remote quantum computers, which it called a “foundational technical milestone.” Separately, the company landed a contract<\/a> with the Defense Advanced Research Projects Agency.<\/p>\n
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