Alphabet's Quantum Leap: Willow Chip Sparks Market Surge
TL;DR Summary
Alphabet Inc. shares surged 5.6% after announcing a breakthrough in quantum computing with its Willow quantum chip, which can solve problems in minutes that would take supercomputers billions of years. Analysts view this as a significant step towards the commercialization of quantum computing, potentially impacting various industries and enhancing Alphabet's technological leadership. The announcement also influenced other quantum-related stocks, with Rigetti Computing and D-Wave Quantum seeing notable gains.
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