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May 22 - Quantum computing stocks rallied Thursday, led by a sharp gain in IonQ (NYSE:IONQ), after the company's CEO said it aims to become the Nvidia of quantum computing, according to a Barron's interview.
IonQ surged more than 18% in morning trading following comments from CEO Niccolo de Masi, who said the company is driving a quantum ecosystem much like Nvidia (NASDAQ:NVDA) and Broadcom operate in classical GPU markets. He added that competitors are "copying and following" IonQ's lead.
The remarks lifted interest across the sector. Quantum Computing (NASDAQ:QUBT) climbed about 8%, while D-Wave Quantum (NYSE:QBTS) and Rigetti Computing (NASDAQ:RGTI) each jumped roughly 15%.
Investor enthusiasm for quantum computing has grown since Google (NASDAQ:GOOGL) introduced its Willow chip last year. That momentum has continued as Microsoft (NASDAQ:MSFT) and Amazon (AMZN) rolled out quantum chip initiatives of their own.
This article first appeared on GuruFocus.