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Nvidia Fuels AI Quantum Leap, Stocks Soar
15 Apr
Summary
- Nvidia unveiled new open-source AI models for quantum computing.
- Asian software and IT stocks saw significant surges on the news.
- Quantum computing market projected to exceed $11 billion by 2030.
Asian software and information-technology stocks experienced a significant rally following Nvidia Corp.'s announcement of new open-source AI models. These models are specifically engineered to accelerate progress in the field of quantum computing.
In South Korea, shares of several software and cybersecurity firms, including Axgate Co. and ICTK Co., surged by as much as 30% daily. Similarly, GuoChuang Software Co. and QuantumCTek Co. in China, along with Fixstars Corp. in Japan, saw their stock prices increase by at least 8%.
Nvidia's new Ising artificial intelligence model, released late Tuesday in Asia, has reignited optimism that artificial intelligence can enhance quantum computing, making it more scalable and practical. However, experts caution that widespread adoption of large-scale quantum computing is still a long way off.
The broader tech and AI sectors across the region also rebounded on Wednesday. This positive movement was partly attributed to signs suggesting a potential revival of peace talks between the US and Iran. Projections indicate the global quantum computing market will expand from nearly $1.7 billion in 2024 to over $11 billion by 2030.
