IBM's Stock Soars Due to Quantum Progress
IBM's stock is experiencing its best day since January, largely due to advancements in quantum computing.
According to a soon-to-be-published IBM paper, the company has made significant progress in quantum error correction using an AMD chip.
IBM announced a plan to build "the world's first large-scale, fault-tolerant quantum computer" by 2029.
This development has sparked optimism around IBM's quantum-computing efforts, with shares of International Business Machines Co. rising significantly.
- IBM's quantum efforts have been gaining attention.
- The company's algorithm for error correction can run on AMD chips.
Author's summary: IBM's stock rises due to quantum progress.