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Barchart
Pathikrit Bose

Xanadu Quantum Stock Soared on Nvidia News. Does It Have Any Staying Power?

Just last year, Nvidia (NVDA) CEO Jensen Huang had this to say about quantum computing: “Someday we'll have very useful quantum computers. We're probably five or six orders of magnitudes away, 15 years for useful quantum computers and that would be on the early side.” Fast forward to April 2026, Nvidia claims to have released the first-ever group of open-source AI models for quantum computing.

While Huang's muted assertions about quantum computing at the start of 2025 rattled the shares of the leading quantum computing stocks, the latest development, unsurprisingly, had the opposite effect. Shares of quantum computing companies ended markedly higher. However, one stood out. Quite starkly too.

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