Quantum computing stocks rise after Nvidia CEO says tech is at inflection point

Shares of Quantum computing-related companies advance premarket after comments from chipmaker Nvidia's NVDA.O CEO Jensen Huang

Speaking at the VivaTech conference in Paris, Huang reiterated quantum computing technology is at an inflection point and that it will solve "some interesting problems" in the coming years

Rigetti Computing RGTI.O up 4.1%, D-Wave Quantum QBTS.N gains 2.6%, Quantum Computing QUBT.O climbs 8.6% and IonQ IONQ.N rises 4%

Shares of such companies have been rallying this year on growing hopes that the industry is close to a breakthrough in computing

Microsoft on February 20 unveiled its Majorana 1 chip and said it is less prone to errors than rivals

As of Tuesday's close, the Defiance Quantum exchange-traded fund QTUM.O was up more than 10% YTD