Quantum computing stocks led by D-Wave Quantum popped on Friday continuing their roller coaster ride in 2025. While there was no fresh quantum computing news, chipmaker Nvidia hosts its GTC conference next week.
At Mizuho Securities, analyst Vijay Rakesh in a report speculated that Nvidia could provide a new quantum computing product road map at the event.
On the stock market today, D-Wave shares jumped more than 40% to 9.81.
D-Wave on Thursday reported fourth quarter earnings and forecast April-ending quarter revenue above expectations. On Wednesday, D-Wave claimed a breakthrough for its quantum computing technology.
Shares of Rigetti Computing on Friday popped 19% to 10.59. IonQ stock advanced 13% to 24.26 while Quantum Computing climbed 21% to 6.81.
D-Wave moved into positive territory for 2025 with Friday's gain. D-Wave shares are now up 13% this year.
Quantum Computing Stocks Rough Ride
IonQ has retreated 42%, Rigetti is down 31%, while Quantum Computing has shed 59%.
Quantum announcements from cloud computing giants Alphabet, Microsoft and Amazon.com have pressured quantum computing stocks.
In early January, comments by Nvidia Chief Executive Jensen Huang also pressured quantum computing stocks. Huang said that the technology won't be "very useful" for 15 to 30 years.
Nvidia will host a "Quantum Day" on March 20 as part of its GTC conference. Also, Nvidia is working with Israeli startup Quantum Machines, which in February raised $170 million.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, Quantum computing's ultimate benefit is that it aims to solve problems too complex for today's classical computers.
Also, D-Wave's Qubits 2025 quantum computing user conference will take place in Scottsdale, Ariz. starting March 31. Further, D-Wave in February won a big deal in Germany. The Julich Supercomputing Centre bought one of D-Wave's quantum systems.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
