AMD shares surged by nearly 8% on Friday after IBM announced that standard AMD chips can run a critical quantum computing error correction algorithm. Investors’ response to the breakthrough in qubit technology advancement caused IBM stock to climb approximately 8% as well, heading toward its best single-day performance since January.

Their partnership comes at a time of intensifying competition in the nascent quantum computing industry. Google unveiled its breakthrough Willow chip last year, while Microsoft introduced its first quantum computing chip in 2024. Amazon is also investing in the technology, with Google executives suggesting that the field is approximately five years away from a major breakthrough. Major technology firms like D-Wave Quantum Inc. (NYSE: QBTS) view quantum mechanics as an essential tool for…

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NOTE TO INVESTORS: The latest news and updates relating to D-Wave Quantum Inc. (NYSE: QBTS) are available in the company’s newsroom at https://ibn.fm/QBTS

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