Fri Oct 24 16:20:00 UTC 2025: ## Market Minute: AMD Jumps on Quantum Computing News, P&G Beats Expectations, Intel Rally Fades
New York, NY – U.S. stocks are trading at record highs following a cooler-than-expected September CPI report, but individual stocks are seeing varied performance today. Here’s a quick look at today’s top market movers:
AMD (AMD) is surging after Reuters reported that IBM has successfully utilized AMD’s chips to run quantum computing algorithms. A paper slated for publication next week will detail how IBM can run a quantum error correction algorithm using AMD’s technology.
Procter & Gamble (PG) reported a strong first quarter, exceeding Wall Street’s sales estimates. The consumer goods giant saw significant growth in its beauty and grooming categories, with both volume and sales exceeding expectations. The company also halved its projected impact from tariffs, further boosting investor confidence.
Intel (INTC)’s post-earnings stock rally is losing momentum. Despite an initially positive response to their earnings forecast, investors are now focusing on the challenges still facing the chipmaker, tempering initial enthusiasm.
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First Piper 