Xanadu Quantum Technologies (NASDAQ:XNDU) shares jumped on Thursday. A sector-wide rally in quantum computing stocks was sparked by NVIDIA Corp.’s (NASDAQ:NVDA) rollout of new open-source AI models tailored for quantum applications.
• Xanadu Quantum stock is challenging resistance. What’s behind XNDU new highs?
On Tuesday, Nvidia introduced Ising. This is the world’s first open-source AI model family for quantum computing.
The company also posted full-year results last week. Xanadu said it entered 2026 with strengthened capital resources following its public listing in the first quarter of 2026.
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Xanadu also outlined a multi-year plan spanning fault tolerance, manufacturing scale-up and commercial adoption.
The company also introduced Aurora as a modular, networked photonic quantum computer with real-time error correction.
It also advanced to Stage B of DARPA’s Quantum Benchmarking Initiative. The company stated it unlocks eligibility for up to $15 million in additional U.S. government funds.
The company also cited Canada’s Quantum Champions Program with funding support of up to CA$23 million, plus expanded adoption of its …