YBCO coated conductors are one of the primary options for generating the high magnetic fields needed for future high energy physics devices. Due to slow quench propagation, quench detection remains one of the primary limitations to YBCO magnets. Fiber optic sensing, based upon Rayleigh scattering, has the potential for quench detection with high spatial resolution. This paper discusses the potential of multi-core CPUs and GPUs to accelerate the signal processing demands associated with Rayleigh scattering based quench detection systems in a real-time environment. This technology study was made possible by LabVIEW- GPU Analysis Toolkit and the LabVIEW Multicore Analysis and Sparse Matrix Toolkit [1,2].