SEALSQ Corp's stock surged 5.12% in pre-market trading on Friday, with heavy trading volume in bullish call options indicating investor optimism for the quantum computing company.
The rally came amid a divergence in views regarding the timeline for commercially viable quantum computers. While Nvidia CEO Jensen Huang estimated 15-30 years before "very useful" quantum computers emerge, executives at quantum computing firms like D-Wave Quantum argue their technology is already being utilized by major companies today.
The contrasting outlooks appeared to boost investor sentiment towards SEALSQ Corp and other quantum stocks. However, Huang's skeptical take had initially weighed on the sector, with quantum computing shares like Rigetti plunging on Wednesday after his comments questioning the near-term prospects.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.