Quantum computing shares are jumping in premarket trading Wednesday after Nvidia CEO Jensen Huang said that the industry was “reaching an inflection point."

NVIDIA CEO Jensen Huang was speaking at the company’s GTC Paris conference this week when he spoke about the state of quantum computing, as reported by CNBC. “Quantum computing is reaching an inflection point,” he said, before going on to state that “this is a really exciting time” for the technology.

Quantum computing technology is at an inflection point, Nvidia CEO Jensen Huang reiterated on Wednesday at the VivaTech conference in Paris. Quantum calculations could crack problems that currently would demand years of processing from Nvidia's most advanced AI systems.