By Bloomberg News

(Bloomberg) — Asian software and information-technology stocks surged after Nvidia Corp. unveiled a suite of new open-source AI models aimed at accelerating progress within quantum computing.

In South Korea, shares of several software and cybersecurity firms including Axgate Co. and ICTK Co. briefly hit their daily trading limit of 30%. China’s GuoChuang Software Co. and QuantumCTek Co., along with Japan’s Fixstars Corp., each rose at least 8%.

Nvidia’s new Ising artificial intelligence model, which launched late Tuesday in Asia, has renewed expectations that AI can improve quantum computing and make it scalable and more useful.

Still, “while these tools can potentially help accelerate developments, the deployment of practical, large-scale quantum computing remains a long way off,” according to Bloomberg Intelligence analyst Robert Lea.

Wednesday’s gains come as tech and AI shares rebounded across the region, helped by signs that the US and Iran were reviving peace talks.

The global quantum computing market is projected to jump to more than $11 billion by 2030 from nearly $1.7 billion in 2024, according to Stratistics Market Research Consulting.

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