Nvidia’s GTC conference is putting the AI sector in focus
Quantum computing stocks soared on Friday as traders targeted tech stocks amid the broader market rebound. Nvidia’s (NVDA) semi-annual GTC conference — hailed as a top artificial intelligence (AI) event — is putting the sector back in the spotlight as well. Per the company, CEO Jensen Huang plans to discuss what’s next in agentic AI, robotics, accelerated computing, and more during his keynote speech tomorrow.
D-Wave Quantum Inc (NYSE:QBTS) stock is extending last session’s 46.9% bounce, up 8.4% at $11.01 at last glance. Earlier today, QBTS came one cent shy of its Dec. 27, two-year high of $11.40. On track for its fifth-straight daily gain, the equity is up 425.5% year over year and 30.1% year to date.
IonQ (NYSE:IONQ) was last seen down 2.4% at $24.39, pulling back after Friday’s 17% pop. The 20-day moving average, which resides at $25, appears to have capped recent gains. Since the start of 2025, the equity is underperforming with a 41.4% deficit.
The shares of Rigetti Computing Inc (NASDAQ:RGTI) are down 2.5% at $10.94 at last glance, following last session’s 28.2% surge. The 60-day moving average — a trendline that caught RGTI’s January pullback but was breached in late February — is providing overhead pressure. Year to date, the equity is down 27.7%.