The stock price of the Quantum Computing concept stock QBTS surged because its annealing Quantum Computing surpassed the world's strongest supercomputer in simulating magnetic materials. As a result of this bullish influence, Quantum Computing concept stocks rose across the board. This research result has been published in the journal 'Science,' showing that D-Wave's Quantum Computer can complete calculations in minutes, while traditional supercomputers take millions of years and consume a significant amount of electricity.
On Wednesday Eastern Time, quantum computing concept stocks $D-Wave Quantum (QBTS.US)$ saw their stock price rise nearly 18.8% at one point. Over the past two trading days, the stock has soared 25%.
Previously, the company announced that its annealing quantum computer outperformed one of the world's most powerful traditional supercomputers in solving complex magnetic material simulation problems, marking a significant breakthrough for quantum computing in real-world issues.
Driven by D-Wave's groundbreaking research, quantum computing concept stocks have collectively strengthened. $IonQ Inc (IONQ.US)$ Increased by nearly 17%,$Rigetti Computing (RGTI.US)$Increased by 11%,$Quantum Computing (QUBT.US)$Increased by over 14%,$Quantum (QMCO.US)$Increased by 10%.
Research breakthrough: completing a task that requires a supercomputer a million years in under 20 minutes.
D-Wave's latest research results have been peer-reviewed and officially published in the journal Science. The research indicates that D-Wave has successfully simulated the properties of magnetic materials using its quantum computer.
According to D-Wave, its quantum computer completed the magnetic material simulation in less than 20 minutes, while executing the same task on the USA Oak Ridge National Laboratory's most advanced supercomputer would take nearly a million years and consume more than a year's worth of total electrical utilities worldwide.
This breakthrough is significant for the production of magnetic materials, as magnetic materials are widely used in Sensors, Smart Phones, Electric Machines, and Medical imaging devices. Andrew King, Senior Chief Scientist at D-Wave, stated:
"This research proves that D-Wave's Quantum Computing can reliably solve quantum dynamics problems, and it is expected to drive the discovery of New Materials."
The Advantage2 prototype, which has achieved computational advantage, has been made available to customers through D-Wave's Leap real-time quantitative Cloud Computing Service. Businesses and research Institutions can now directly use D-Wave's quantum computing capabilities for research applications in material science, physical simulation, and more.
D-Wave has received attention for adopting the "quantum annealing" computational model, which is a quantum computing method focused on large-scale optimization problems, such as determining vehicle routing planning and other application scenarios. The company stated that customers such as Japan's NTT Docomo and Canada's Pattison Food Group have already been using its quantum optimization technology.
D-Wave's claim of "quantum supremacy" has been questioned, with experts stating that traditional computers remain comparable.
The paper sparked heated discussions in the academic community and faced criticism from some scientists. According to Miles Stoudenmire, a research scientist at the Simons Foundation Flatiron Institute's Quantum Physics Computing Center, D-Wave's research has problems because traditional computers can achieve comparable simulation results.
Stoudenmire and his team published a paper stating that D-Wave's research was valid at a certain point in time, but the traditional computational methods they tested were limited to the best solutions available when the initial version of the paper was released last year. Since then, scientists have discovered new methods, proving that traditional computers are not as far behind in material simulation as D-Wave claims.
Stoudenmire stated: "What we mean is that this issue did not genuinely defeat traditional computers at a certain point in time, so let's try again."
In response to this skepticism, D-Wave's Chief Development Officer Trevor Lanting stated that the Flatiron team did not fully simulate the lattice geometry, scale, and simulation depth mentioned in D-Wave's paper. He said, "We believe that traditional computers cannot fully replicate all the research results we have achieved."
Furthermore, the term "Quantum Supremacy" used by D-Wave itself is also controversial. Heather West, an Analyst from the International Data Corporation (IDC), pointed out that the quantum computing field has recently been leaning more towards the use of "Quantum Advantage" or "Quantum Utility," which means that quantum computers can solve certain business or scientific problems faster, more accurately, and at a lower cost than traditional computers.
However, D-Wave still insists that its research results demonstrate "Quantum Supremacy." D-Wave's Senior Scientist Andrew King stated, "We solved a significant problem that is completely unsolvable by the most advanced traditional computing methods, which is precisely why we call it 'Quantum Supremacy.'"
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