- AMD chips now run IBM’s quantum error-correction algorithms.
- IBM targets commercial quantum computer launch by 2029.
- Quantum computing hype boosts smaller players and investor interest.
Shares of Advanced Micro Devices (AMD) soared over 6% after reports revealed that IBM can now run certain quantum computing algorithms using AMD’s chips. IBM stock also jumped roughly 8%, marking its strongest day since January.
This surge reflects growing excitement in the quantum computing sector, as tech giants accelerate efforts to bring the futuristic technology into practical use.
AMD Chips Power IBM’s Quantum Leap
According to a report by Reuters, a forthcoming paper will demonstrate that IBM successfully ran a quantum error-correction algorithm on AMD’s field-programmable gate array (FPGA) chips. This marks a significant step in the collaboration between the two companies, first announced in August, to enhance quantum computing capabilities. IBM aims to debut a commercial quantum computer by 2029, and AMD’s hardware will play a key role.
Representatives from both companies have yet to comment publicly on the report.
Quantum Computing Race Heats Up
Technology giants like Google, Microsoft, and Amazon are also investing heavily in quantum research. Microsoft unveiled its first quantum computing chip last year, while Google launched its breakthrough “Willow” processor. Experts suggest that mainstream breakthroughs in quantum computing may be five years away, signaling intense competition and long-term potential for investors.
Smaller players are benefiting from the buzz as well. Stocks such as D-Wave Quantum, Rigetti Computing, and IonQ all climbed following the announcement, highlighting increased market confidence in the quantum sector.
Market Implications and Future Outlook
The renewed interest in quantum computing comes amid a flurry of announcements and partnerships, showing the sector’s potential to transform industries from cryptography to materials science. IBM and AMD’s collaboration underscores how hardware and software synergies could accelerate the development of practical quantum solutions.
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Investors and tech enthusiasts alike are watching closely, as each advancement could redefine computing and offer substantial long-term growth opportunities.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
