Why AMD and IBM Shares Just Took Quantum Leaps to Record Highs?
Key Takeaways
- Shares of Advanced Micro Devices and International Business Machines jumped Friday following news that readily available and reasonably priced AMD chips can run a key quantum computing algorithm.
- IBM plans to build a quantum computer named Starling by 2029, and the company’s head of research told Reuters the algorithm work was completed a year earlier than expected.
AMD and IBM took quantum leaps on Friday.
Shares in the two companies jumped to record highs after Reuters reported that International Business Machines (IBM) has found that it could run a key quantum computing error-correcting algorithm on an easy-to-get and reasonably priced chip made by Advanced Micro Devices.
Reuters said that a research paper to be…
