On Friday, quantum computing Stocks continued to rise, driven by Google's revolutionary quantum chip Willow, attracting a large number of traders to Buy.
According to Zhito Finance APP, on Friday, quantum computing Stocks continued to rise, driven by Google's (GOOGL.US) revolutionary quantum chip Willow, attracting a large number of traders to Buy. Among them, Rigetti Computing (RGTI.US) led the way with an increase of over 13%, with Volume exceeding 84 million shares, more than double the average daily Volume, and an increase of nearly 33% over the past five trading days, skyrocketing by 294% over the past month. D-Wave Quantum (QBTS.US) and Quantum Computing (QUBT.US) also rose strongly by 15% and 3.8%, respectively, while IonQ Inc (IONQ.US), with a Market Cap close to 8 billion USD, increased by nearly 10%. Although Google's stock price fell slightly by 0.4% on Friday, it has risen nearly 10% since the launch of Willow.
It is understood that after Google announced the launch of the significant quantum chip Willow on Monday, quantum computing Stocks have recently gained much attention. Analysts at Bank of America noted that, although the applications of quantum computing are still in their early stages, the launch of Willow has had a significant impact on market sentiment.
Justin Pister, an analyst at Bank of America, mentioned in a report that Willow can significantly enhance the training speed of Google's foundational models, with potential applications covering various fields such as drug discovery, advanced materials design, and next-generation encryption solutions. In the long run, innovations in quantum technology are expected to create significant technological barriers for Alphabet.