Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference.

Quantum computing stocks are inching up on Monday, March 17 in anticipation of Nvidia’s GTC event that is broadly expected to feature significant discussions on the emerging technology. Leading the pack is Quantum Computing (QUBT) that’s up nearly 17% at the time of writing,

When NVDA stock fell below the mini support zone, the mini support zone became the mini resistance zone. The chart shows that NVDA stock cut through this zone like a hot knife through butter. This is a positive. The reason behind the up move in NVDA from the lows is investor enthusiasm about Nvidia GTC.