IBM's Stock Surge
IBM's stock is having its best day since January, largely due to its progress in quantum computing.
IBM has been making significant strides in the field of quantum error correction, with a soon-to-be-published paper discussing the advancements made using an AMD chip.
Quantum Computing Efforts
IBM announced plans to build the world's first large-scale, fault-tolerant quantum computer by 2029, aiming for practical and scalable quantum computing.
IBM's algorithm for error correction can run on chips made by Advanced Micro Devices Inc. (AMD), according to a research paper reviewed by Reuters.
This development has contributed to the optimism surrounding IBM's quantum-computing efforts, leading to a surge in its stock.
Author's Note: IBM's quantum progress drives stock surge.