Following the start of Nvidia’s GTC (GPU Technology Conference) five-day conference on Monday, 17th March, 2025, several companies in the quantum computing and AI industries experienced a surge in their stock prices.
With most parts of the conference dedicated to AI and AI-powered products and a full day dedicated to quantum computing, which will feature executives from notable firms like D-Wave Quantum and Rigetti Computing, investors look forward to new announcements and products that will revive the beaten-down sectors.
The GTC 2025 is happening in San Jose, California, with the promise of connecting thousands of developers, innovators, and business leaders and making them experience how AI and accelerated computing are helping humanity solve our most complex challenges.
The highlights of the conference include the keynote by NVIDIA CEO Jensen Huang to unveil new AI chips and next-generation computing architectures, over 1000 inspiring sessions, 400+ exhibits, technical hands-on training, and networking events.
Several companies in the quantum computing and AI sectors experienced a jump in stock prices as the conference kickstarted on Monday. D-Wave Quantum experienced a 9.4% increase, Quantum Corp gained 23.1%, and Quantum Computing surged by 15.5%.
Some AI companies affected by the surge due to choppy trading include SES AI with a 30% stock increase and Dell Technologies with a 3% increase. Nvidia, however, experienced a dip of 1.8% as investors awaited its major product announcements.
Investors are largely looking forward to the keynote speech from the Nvidia CEO, Jensen Huang, which is to be held on Tuesday to assess the latest developments in AI and semiconductor sectors, which have lost some footing in the industry due to the high rise of competition from AI products from China and the impact U.S. tariffs have had on the market.
There are speculations, however, about how long this stock surge will last. David Morrison, a senior analyst at Trade Nation, said, “Looking at how oversold so many of these stocks are, it’s just a question of getting a catalyst for people to come back in and redeploy funds.”
Huang had first commented in January about quantum computing being two decades away from practical use, causing a steep sell-off in the stock prices of the quantum computing market. His renewed interest in quantum computing signifies a shift from his previous stance on quantum computing, which has boosted the confidence of investors in the sector again.
The GTC is an exciting time for the current AI and quantum computing industry. Ken Mahoney, the CEO of Mahoney Asset Management, said, “They call this the ‘Woodstock” (i.e., an impactful event) of AI; if Huang says something a little more encouraging, that could add some boosts for these stocks.”
Nvidia is expected to reveal details about its next-generation chip system, the Blackwell Ultra, the Rubin Platform, a next-generation GPU platform, and the Vera Rubin chip, which merges the Rubin GPU with Nvidia’s Vera CPUs.
The execution of these innovations can drive AI to new capabilities, especially in areas regarding physical AI and autonomous robotics.
The conference is to run from the 17th to the 21st of March, 2025. Further announcements from Nvidia will determine if the starting surge of stock price increase in the AI and quantum computing sector would gain or lose momentum.
