US Stock Market Move | Quantum computing concept stock on the rise, Arqit Quantum (ARQQ.US) surges over 24%

On Monday, concept stocks related to quantum computing rose, with Arqit Quantum (ARQQ.US) up over 24%, Quantum Computing (QUBT.US) up nearly 13%, D-Wave Quantum (QBTS.US) up over 9%, and Rigetti Computing (RGTI.US) up over 6%. In recent news, NVIDIA Corporation CEO Jensen Huang mentioned in a recent speech that quantum computing is approaching a turning point. Similar to Moore's Law, the number of logical qubits that quantum computers can handle is expected to increase by 10 times every 5 years and by 100 times every 10 years. NVIDIA Corporation will collaborate with quantum computing companies worldwide in multiple ways.