Alphabet Climbs Following Breakthrough With Willow Quantum Chip
Published On Dec 10, 2024, 10:50 AM
Alphabet Inc. recently announced significant advancements in quantum computing with its new Willow quantum chip, which can solve problems in five minutes that would take supercomputers 10 septillion years. This breakthrough has led to a surge in Alphabet's stock price, with analysts optimistic about its future implications. Although commercial use of quantum computing is still years away, this development is seen as a step towards realization, enhancing Alphabet's technological leadership. Other quantum tech firms also experienced stock price increases following this news.
Stock Forecasts
GOOG
Positive
Alphabet's advancements in quantum computing are projected to lead to further stock price appreciation as optimism grows around the company's technology and its potential transformative impacts in various sectors, including AI.
Related News
FTC's Lina Khan isn't letting up on Big Tech even with her future in doubt
Dec 10, 2024, 4:00 AM
Lina Khan’s time may be running out as boss of the Federal Trade Commission, but she is not going quietly.
Bluesky promises to shake up social media. It might finally succeed.
Dec 8, 2024, 9:00 AM
The timing may finally be right for open platforms like Bluesky as social media moves toward a more fragmented future.
Big changes are coming to AI in 2025: Microsoft
Dec 5, 2024, 12:00 PM
Microsoft says AI will change in some big ways in 2025.