Quantum computing shares are jumping in premarket trading Wednesday after Nvidia CEO Jensen Huang said that the industry was “reaching an inflection point."

Nvidia Corp. Chief Executive Officer Jensen Huang said Wednesday that quantum computing is reaching an inflection point and will be powerful enough in the coming years to help “solve some interesting problems” globally.

CEO Jensen Huang said quantum computing is at an inflection point, sparking a premarket rally in quantum stocks after he highlighted Nvidia's Cuda Q service and suggested qubit-based systems will tackle real-world challenges in the coming years.