Alphabet's new quantum chip Willow outperforms supercomputers, boosting Alphabet's earnings and stock price

From Nasdaq: 2024-12-10 16:16:00

Alphabet (GOOGL) makes waves with its new quantum computing chip, Willow, showcasing top-notch performance and groundbreaking achievements in the field. Willow addresses key quantum limitations, reducing errors exponentially and outperforming today’s fastest supercomputers by completing a computation in under five minutes that they couldn’t solve in 10 septillion years. This development has led to a surge in Alphabet shares and positive analyst outlooks on the company’s earnings. Expectations suggest 40% EPS growth in the current fiscal year with nearly 15% higher sales. The quantum computing theme gains momentum, with Alphabet’s Willow chip at the forefront of innovation.

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Read more at Nasdaq: Google Unveils Quantum Chip Willow: A Closer Look