AI Stocks Spearhead Market Surge Amid Quantum Computing Boom
Artificial Intelligence (AI) stocks are seizing the spotlight in the investment arena. The AI market is forecasted to escalate from $184 billion in 2024 to a staggering $826 billion by 2030, as per recent projections by Statista. A standout performer in this sector is quantum computing company Rigetti Computing, which witnessed an astronomical rise of 4,300% in 2024-2025. This surge followed the announcement of its groundbreaking achievements, including a 99.5% median two-qubit gate fidelity on its 36-qubit system.
The ongoing AI infrastructure boom is fuelling demand for tech giants like Nvidia. The company recently revised its AI accelerator market forecast, predicting it to reach a whopping $500 billion by 2028. On the other hand, cryptocurrency-related stocks are experiencing volatility. Bitcoin mining companies are shifting their focus towards AI and high-performance computing services. Firms such as CleanSpark and Marathon Digital are amassing billions to finance AI data center projects, in response to the impact of Bitcoin halving on mining profitability.
Market analysts are observing an increase in selectivity among investors. The focus is now on companies demonstrating real enterprise adoption and securing government contracts, rather than speculative AI ventures. Source: Yahoo Finance