IBM's Stock Soars Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, driven by growing optimism around the company's quantum computing efforts.
IBM has announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029, paving the way for practical and scalable quantum computing.
A soon-to-be-published IBM paper reveals progress in quantum error correction using an AMD chip, as
reported by Reuters.
According to the paper, the algorithm developed by IBM can run on chips made by Advanced Micro Devices Inc. (AMD).
- IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company's quantum efforts are gaining attention and driving stock growth.
Author's summary: IBM's stock surges due to quantum computing progress.
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