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💡 Main takeaway:
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Key takeaways
- Advanced Micro Devices and International Business Machines stocks jumped on Friday following news that AMD’s readily available and affordable chips can run a key quantum computing algorithm.
- IBM plans to build a quantum computer called Starling by 2029, the company’s head of research has said Reuters The algorithm was completed a year earlier than expected.
AMD and IBM made qualitative leaps on Friday.
Shares of both companies jumped to record levels after that Reuters International Business Machines (IBM) has found it can run a key quantum computing error-correction algorithm on an affordable and accessible chip made by Advanced Micro Devices, it reported.
Reuters He said a paper IBM will release on Monday shows it can run these algorithms in real time on a type of chip — called field-programmable gate array semiconductors — manufactured by AMD.
AMD shares, which have more than doubled since the beginning of the year, rose nearly 7% in mid-afternoon trading on Friday. IBM stock rose more than 7%, bringing its year-to-date gains to about 40%, making it the second-biggest gainer in the Dow Jones Industrial Average in 2025. Shares of Micron (MU), which makes memory solutions for AMD and Nvidia (NVDA) chips, rose 5% on Friday.
Why is this news important?
For IBM, this progress is progress toward making quantum computers more commercially viable and more reliable. For AMD, it demonstrates how affordable, flexible chips have become essential in advanced research — and expands the chipmaker’s reach into next-generation computing.
“Implementing it, and showing that implementation is actually 10 times faster than what is needed, is big,” Jay Gambetta, IBM research director, said in an interview, according to Reuters.
Quantum computers use qubits to solve problems thousands of times faster than classical computers. Reuters He said. However, qubits are prone to making errors that plague quantum chips, and technology companies have raced to solve the problem.
IBM plans to build a quantum computer called Starling by 2029, Gambetta said Reuters The algorithm was completed a year earlier than expected.
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