Sat Oct 25 07:00:00 UTC 2025: Here’s a news article summary and rewrite of the provided text:
Headline: IBM Achieves Quantum Computing Milestone with AMD Chip, Stocks Soar
Summary:
IBM has achieved a significant breakthrough in quantum computing by successfully running a critical quantum error correction algorithm on a commercially available AMD chip. This accomplishment, exceeding expectations, is a major step towards the commercialization of quantum supercomputers. The news propelled IBM’s stock to an all-time high and boosted AMD’s shares. The achievement puts IBM ahead of schedule in its goal to build a quantum computer called “Starling” by 2029. The development places IBM in direct competition with tech giants like Google and Microsoft, who are also actively pursuing quantum computing advancements. This progress comes amidst other significant quantum computing developments, including Google’s recent demonstration of a verifiable quantum advantage and the unveiling of the world’s first gallium nitride quantum light source chip in China. Meanwhile, NVIDIA and AMD navigate chip export restrictions to China, and AMD prepares for a more direct challenge to NVIDIA in the near future.
News Article:
IBM Quantum Leap Sends Stocks Soaring: Error Correction Achieved on AMD Chip
New York, NY – IBM’s stock price surged over 9% to a record high of $310.75 in early trading Friday after the company announced a major breakthrough in quantum computing. The company revealed it had successfully executed a crucial quantum error correction algorithm on a standard AMD chip. AMD shares also jumped, climbing over 7% to a new intraday high of $253.07.
“This is a pivotal moment in our quest to bring quantum computing to the mainstream,” said IBM Research Director Jay Gambetta in an interview. He emphasized that the company’s algorithm not only functions in a real-world setting but also does so on readily available and affordable AMD hardware. Furthermore, the actual performance significantly outpaced theoretical requirements, exceeding them by a factor of ten.
The achievement signifies a major step towards the realization of commercially viable quantum supercomputers. IBM’s breakthrough comes as it races against other tech giants like Google and Microsoft to develop practical quantum computing solutions. Google recently announced its own progress, publishing research in Nature demonstrating the achievement of a verifiable quantum advantage using its “Willow” chip.
IBM’s success also arrives in a complex global landscape for chip manufacturers. NVIDIA and AMD navigate export restrictions to China, while AMD prepares for a more direct challenge to NVIDIA in the near future with their AMD MI350 series.
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