AMD and IBM Shares Surge on Quantum Computing Breakthrough
Advanced Micro Devices and International Business Machines saw their shares reach record highs following a breakthrough in quantum computing. AMD's readily available chips successfully ran a key quantum algorithm, accelerating IBM's timeline for its Starling quantum computer by a year.
IBM's research paper confirms real-time execution of error-correcting algorithms on AMD's field programmable gate array semiconductors. This development significantly advances the commercial viability of quantum systems while validating AMD's chip architecture for next-generation computing.
The market responded emphatically, with AMD shares gaining 7% and IBM surging over 7% in Friday trading. The momentum extended to semiconductor supply chain players, as Micron Technology ROSE 5% on increased demand expectations for memory solutions supporting quantum-ready chips.
