Shares of Google parent Alphabet (GOOGL -1.11%) (GOOG -1.16%) shot nearly 6% higher after the company announced the release of a quantum computing chip. On Monday, Dec. 9, the company made public its Willow quantum computing chip, claiming it could solve a problem in five minutes that would take more time than the history of the universe on a traditional computer.
TORONTO, ONTARIO / ACCESSWIRE / December 13, 2024 / Quantum BioPharma Ltd. (NASDAQ:QNTM)(CSE:QNTM)(FRA:0K91) ("Quantum BioPharma" or the "Company"), is pleased to announce that it has closed an initial tranche ("First Tranche") of the offering announced on December 5, 2024 (the "December 5 NR") and has issued 500 Debenture Units (as defined in the December 5 NR) for $500,000.
Quantum computing is the hottest industry on Wall Street. With a bright -looking future, several names are set for even higher prices.
Quantum computing is in focus after Google (GOOG, GOOGL) unveiled its new quantum computing chip, Willow, which sent Alphabet stock higher. Catalysts Co-Hosts Seana Smith and Madison Mills take a look at quantum computing stocks that have shared in Alphabet's (Google's parent company) recent gains, including Rigetti Computing (RGTI), D-Wave Systems (QBTS), Quantum Computing (QUBT), and IonQ (IONQ).
Arqit discontinued its satellite business, focusing on software as a hedge against quantum computing risks, aligning with governments' conservative security approach. Despite expected revenue from licensing agreements, Arqit faces significant cash burn, we believe necessitating another equity raise possibly by March, posing reflexivity risk in a high-cost capital environment. The elimination of satellite operations reduced investing cash flows, but operating cash flow remains negative, with substantial cash burn continuing.
“The president was given a very clear and easy opportunity to say, ‘Yes, I am going to save TikTok,' and he absolutely did not say that.”
Quantum computing is a rising tech trend for 2025. Keep a tab on stocks like D-Wave, Rigetti Computing and IonQ.
Google stock was on track to record a hefty weekly gain on the tech giant's big offensive on the AI and quantum computing fronts. The post Google Eyes Big Weekly Gain On AI, Quantum Offensive appeared first on Investor's Business Daily.
Craig Johnson, Chief Market Technician at Piper Sandler & Co., discusses the potential for market growth beyond the well-known "MAG Seven" companies, highlighting opportunities in small and mid-cap stocks. He emphasizes the importance of diversification and mentions the growing significance of quantum computing, with Alphabet and IBM leading the way.
Alphabet's sagging stock has been primed for any good news, but quantum computing's payoff is years away at best.
Alphabet (GOOGL) takes the quantum leap. The company unveiled its 'Willow' quantum chip, which it says can perform computing problems trillions of times faster compared to other computers.
Quantum computing is rapidly becoming Wall Street and the tech industry's newest obsession.