Quantum computing stocks are rising to start the week in potential anticipation of Nvidia Corp's (NASDAQ:NVDA) first ever Quantum Day.

What To Know: Nvidia's GTC 2025 event kicked off on Monday and runs through the end of the week. The AI conference will showcase breakthroughs happening in physical AI, agentic AI and scientific discovery.

Nvidia will host its first Quantum Day at GTC 2025 on Thursday, bringing together key industry figures from the global quantum computing community. Nvidia CEO Jensen Huang will hold a two-hour panel Thursday morning, and he has a history of moving quantum names.

Quantum stocks soared toward the end of 2024 on optimism surrounding technical advances, but the sector quickly sold off after Huang took the stage at CES 2025 and suggested that quantum computing could be two decades away from practical use.

"If you kind of said 15 years for very useful quantum computers, that would probably be on the early side. If you said 30, it's probably on the late side. But if you picked 20, I think a whole bunch of us would believe it," Huang said at the consumer technology event.

Some of the biggest movers on Monday include D-Wave Quantum Inc (NYSE:QBTS), Quantum Computing Inc (NASDAQ:QUBT), Rigetti Computing Inc (NASDAQ;RGTI) and IonQ Inc (NYSE:IONQ).  

D-Wave Quantum boosted the sector last week after the company reported a more than 500% increase in fourth-quarter bookings. Several analysts lifted price targets on the stock following the print.

Quantum Computing Inc is due to report its fourth-quarter financial results after the market close on Thursday. Analysts expect the company to report a loss of 5 cents per share, according to estimates from Benzinga Pro.

It's worth noting that short seller Kerrisdale Capital announced a short position against IonQ last week, citing valuation concerns following the stock's recent surge.

"Despite retreating from all-time highs, shares still trade at a staggering 40x consensus 2026E revenue – a valuation that defies both logic and the warnings of former IonQ employees, who highlighted monumental scaling challenges that will derail the company's ambitious plans," the short seller said.