Shares of Quantum Computing (NASDAQ: QUBT) are surging on Tuesday, up 4.2% as of 2:52 p.m. ET but up as much as 22.7% earlier in the day. The jump comes as the S&P 500 and the Nasdaq Composite both had modest gains.

The main news piece as of late was Nvidia CEO Jensen Huang's comments at GTC Paris, stating that "quantum computing is reaching an inflection point" and that the world is "within reach" of using quantum computers for complex problems. These words starkly contradict the tone we heard from Mr. Huang before - hence the reaction across the niche.