Certain companies are so powerful in their niches that they can lift entire other sectors with a single initiative. That was the dynamic behind the sharp and sudden rise of quantum stocks this week, with the company that bears the name of the sector -- Quantum Computing (NASDAQ: QUBT) -- being one of the titles leading the way. According to data compiled by S&P Global Market Intelligence , the com...
Certain companies are so powerful in their niches that they can lift entire other sectors with a single initiative. That was the dynamic behind the sharp and sudden rise of quantum stocks this week, with the company that bears the name of the sector -- Quantum Computing (NASDAQ: QUBT) -- being one of the titles leading the way. According to data compiled by S&P Global Market Intelligence , the company's shares were defying gravity by almost 34% week to date as of early Friday morning. The monster company providing a lift to quantum computing developers was graphics processor titan Nvidia . On Tuesday, it formally rolled out a series of new artificial intelligence (AI) models known as Ising. Continue reading