Shares of quantum computing and artificial intelligence companies saw an increase on Monday, driven by investor optimism surrounding potential announcements from Nvidia at its annual conference. The five-day GTC AI conference, which has a dedicated day for quantum computing, features executives from key firms like D-Wave Quantum and Rigetti Computing. The market responded positively, with D-Wave Quantum rising by 9.4%, and Quantum Corp and Quantum Computing showing gains of 23.1% and 15.5%, respectively.

Alongside quantum computing, AI-related stocks also experienced fluctuating growth, with SES AI surging by 30% and Dell Technologies rising by 3%. Investors are eagerly awaiting CEO Jensen Huang's keynote to gauge the latest developments in the AI and chip sectors, particularly amidst concerns about competition from Chinese AI products and the impact of U.S. tariffs.

There is anticipation that positive news from Huang's presentation could trigger significant upward movement in AI and quantum computing stocks due to their oversold status. The renewed interest in quantum computing contrasts with Huang's previous remarks that the technology was years away from practical application, which had led to a sell-off in related stocks. Nvidia's upcoming revelations on a new chip system and advancements in robotics are expected to impact the market dynamics.

Despite some fluctuations, Rigetti Computing and Nvidia both experienced reversals in their stock performance, with Nvidia down by 1.8% after a strong rally in the previous year. Analysts suggest that to reignite excitement in the AI sector, Nvidia may need to diverge from expectations in its announcements. The potential for a positive shift in market sentiment following Nvidia's updates is being closely monitored.