Jensen Huang's doubts about quantum computing's potential — or at least the speed with which it'll develop — appear to be fading.

• Huang told VivaTech 2025 in Paris today that quantum computing is raring to go — something of a reversal from the outright skepticism he expressed earlier this year.

🗣️ What he said: "Today, I can tell you there's an inflection point happening," Huang said.

• "It is clear now we are within reach of being able to apply quantum computing — quantum classical computing — in areas that can solve some interesting problems in the coming years," he added. "This is a really exciting time."

📈 The impact: The Nvidia CEO's perspectives on any technologies touching the AI economy are market moving and narrative shaping. And quantum stocks jumped on his comments.

• Quantum Computing Inc. soared 25%, while Rigetti Computing closed up 11%, continuing their wild rides for investors:

The bottom line: Huang's change of heart comes after he sent quantum stocks plunging in January when he told analysts that he thought "very useful quantum computers" were about 20 years away.

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President Trump shared some details from the framework China trade agreement reached late last night in London, Axios' Ben Berkowitz writes.

According to Trump:

• 🏷️ Tariffs: Current tariff rates between the two countries aren't expected to change.
• ⛏️ Rare earths: China will restart the flow of supplies. The country had slapped export controls on the crucial metals in April, backing up U.S. supply chains in the defense, energy and automotive sectors.
• 🎓 Visas: The U.S. will permit visas for Chinese students, backing off an earlier threat to revoke them tied to the U.S.-China trade dispute.

The big picture: The London agreement is essentially a deal to implement what was originally agreed to in the Geneva trade deal from mid-May. That deal quickly fell apart, prompting a series of escalations that were rolled back today.

🇨🇳/🇺🇸 What's next: Today's deal is pending final approval from both Trump and Chinese President Xi Jinping.

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🛍️ Victoria's Secret fell short of profit expectations. The lingerie retailer's turnaround effort is slow going. (Bloomberg)

🤖 Disney and NBCUniversal have teamed up to sue Midjourney, a generative AI company, accusing it of copyright infringement. It's the first legal action that major Hollywood studios have taken against a generative AI company. (Axios)

🚗 Tesla is "tentatively" set to begin robotaxi rides in Austin on June 22, Elon Musk said. But the company has acknowledged that the service will start with only a handful of vehicles. (Engadget)

Starbucks crowned its first global barista champion today in a competition that tested coffee knowledge, technical skills and customer connection.

🌎 The big picture: The three-day competition held in Las Vegas featured 12 baristas from around the world, narrowed down from over 84,000.

• The final round took place before an audience of more than 14,000 Starbucks store managers and employees during the Seattle-based company's Leadership Experience event in Las Vegas.
• 🏆 The winner was Nobuki from Japan, who now has the chance to create a beverage that will go into Starbucks stores across the U.S. (Full names for the winner and finalists were withheld by Starbucks for privacy.)

Between the lines: Baristas were tested on latte art, presenting their signature beverage while also connecting with the judges with storytelling.

• ☕️ For latte art, Nobuki made a rosetta design and then a tulip. His signature drink was the Blooming Yuzu Espresso, which includes a Japanese sauce.

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