IBM's Stock Soars Due to Quantum Computing Progress
IBM's stock is experiencing its best day since January, largely due to the company's advancements in quantum computing.
IBM has been gaining attention for its quantum efforts, and a soon-to-be-published paper discusses progress made in quantum error correction using an AMD chip.
- IBM aims to build the world's first large-scale, fault-tolerant quantum computer by 2029.
- The company has developed an algorithm for error correction that can run on AMD chips, according to a research paper.
IBM is known for a lot of different technologies, but its quantum efforts have been getting more attention.
Author's summary: IBM's stock rises due to quantum computing progress.
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