NVIDIA Unveils Ising Quantum AI Models, Citigroup Launches Buy Rating
Citigroup initiated coverage on NVIDIA with a ‘Buy’ rating as the company unveiled new Ising AI models for quantum computing, driving shares of IonQ and Rigetti up 17% and 11% respectively. NVIDIA’s stock extended its winning streak to eleven days, trading between $95.04 and $212.19 over the past year.
1. Citigroup Initiates Coverage with Buy Rating
Citigroup has begun formal coverage of NVIDIA with a Buy recommendation, highlighting confidence in the company’s leadership in AI semiconductors and its expanding role in quantum computing innovation.
2. NVIDIA Launches Ising AI Quantum Models
NVIDIA introduced a new family of Ising AI models designed to accelerate quantum computing tasks, aiming to integrate its GPU expertise with emerging quantum workloads.
3. Market Reaction and Share Performance
NVIDIA’s stock rose for eleven consecutive trading days, hitting an intraday high of $200.40, while partner companies IonQ and Rigetti saw their shares climb 17% and 11% respectively following the quantum AI announcement.