AMD chips will help IBM make a breakthrough, Reuters wrote. Both stocks hit record highs
This is a step towards commercialization of quantum computers
Advanced Micro Devices (AMD) chips are capable of running a key quantum computing algorithm, IBM has found out, according to Reuters. The agency said the company is set to publish a research paper on Monday, October 27, that will show that quantum error correction can be performed in real time on widely available AMD chips of a certain type. At the same time they are not "ridiculously expensive", the head of IBM's research division, Joe Gambetta, told the agency.
The US tech giant plans to build a quantum computer called Starling by 2029, and Gambetta said work on the algorithm has been completed a year earlier than expected.
What about the stock
AMD shares, which have more than doubled in value since the beginning of the year, jumped 7.6% in trading on October 24, IBM securities rose 8.2% - their growth this year is the second best in the Dow Jones Industrial Average index. Both companies during the session updated records of value, notes Investopedia. Quotes of Micron, which makes memory solutions used in AMD and Nvidia chips, added 5% and also hit an all-time high on the exchange, CNBC shows .
Why it's important
For IBM, this is a breakthrough that brings closer the creation of commercially viable and reliable quantum computers, Investopedia writes. And for AMD, it's an opportunity to demonstrate how its affordable and flexible chips are becoming indispensable in advanced research and expand its presence in next-generation computing.
As Reuters explains, quantum computers use so-called qubits to solve problems that would take conventional computers thousands of years to complete - such as modeling the interaction of trillions of atoms over time. However, qubits are prone to errors that overload quantum chips, and technology companies are competing to solve this problem. In June, IBM said it had developed an algorithm that could work in parallel with quantum chips and immediately eliminate such errors.
This article was AI-translated and verified by a human editor
