Quantum Computing Stocks Continue Their Wild Surge In Thursday Premarket: QUBT Up 15%, QBTS Climbs 9%, RGTI Gains Over 3%

Quantum computing stocks continued their upward momentum in Thursday’s premarket, building on Wednesday’s strong gains. The surge followed Microsoft Corp.’s MSFT call for businesses to embrace a “quantum-ready” future by 2025, signaling growing optimism around the sector’s potential.

What Happened: According to Benzinga Pro, shares of Quantum Computing Inc QUBT rose by 15.58%, Rigetti Computing Inc RGTI increased by 3.47%, IONQ Inc IONQ up by 1.93% and D-Wave Quantum Inc QBTS climbed 9.67% in pre-market trading on Thursday.

Mitra Azizirad, president and COO of Microsoft’s strategic missions and technologies, on Tuesday, highlighted in a blog post that we are entering a reliable quantum computing era capable of solving significant problems and unlocking new business value.

The rally gained further momentum as Nvidia Corp. NVDA announced a “Quantum Day” at its upcoming GTC conference in March. Microsoft also launched a program to help businesses prepare for this transformative era, emphasizing the urgency for business leaders to act. Quantum computing stocks had previously surged last year following Google‘s breakthrough with its Willow quantum computing chip.

Despite Nvidia CEO Jensen Huang‘s assertion that practical quantum computing is likely two decades away, the company is not waiting to invest in its future. Nvidia is actively hiring for roles that will strengthen its quantum computing capabilities, indicating a long-term commitment to integrating quantum and classical computing systems.

Furthermore, Jim Cramer has been steering investors toward quantum computing stocks like Rigetti, especially following the GameStop sell-off. Cramer highlighted the extraordinary trading volume of Rigetti shares, suggesting a strong interest in the sector.

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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