Reports indicate that IBM can use AMD chips in the field of quantum computing, and the stock prices of both have surged

On Friday local time, according to media reports, IBM stated that it can utilize AMD's chips to run certain quantum computing algorithms and has already been able to run a key quantum error correction algorithm on common AMD chips, marking an important step towards the commercialization of supercomputers.

Quantum computers use so-called quantum bits (qubits) to tackle problems that would take traditional computers thousands of years to crack, such as simulating the interactions of trillions of atoms over time. However, qubits are highly error-prone, and these errors can quickly overwhelm the effective computational results of quantum chips.

In June of this year, IBM announced that it had developed an algorithm that can work in conjunction with quantum chips to address such errors. According to a research paper seen by Reuters that will be published on Monday, IBM will demonstrate its ability to run quantum error correction algorithms in real-time on field-programmable gate array (FPGA) chips manufactured by AMD.

Jay Gambetta, head of IBM's research department, stated that this research shows that IBM's algorithm is not only feasible in the real world but can also run on "not prohibitively expensive" off-the-shelf AMD chips:

Achieving this and proving that it runs 10 times faster than required is significant. This algorithm research, announced on Friday, was completed a year ahead of schedule.

Boosted by this news, AMD's stock rose 7% during trading, while IBM's stock increased by about 8% during the day, marking its best performance since January.

In August of this year, IBM and AMD announced an agreement to jointly develop quantum computing capabilities and integrate technologies. IBM also stated that it is currently advancing a multi-year plan aimed at creating a quantum computer named Starling by 2029. This technology leverages quantum mechanics to solve problems that traditional computers cannot handle.

Currently, IBM is competing with companies like Microsoft and Google to accelerate the research and development of quantum computing. Tech giants such as Google, Microsoft, and Amazon are also racing to develop quantum computing technology:

• Last year, Microsoft launched its first quantum computing chip.
• Earlier this week, Google announced a significant breakthrough in algorithms, releasing the groundbreaking Willow. According to CNBC, a top quantum technology executive at Google stated in March that the technology is five years away from a true breakthrough.

These various announcements have rekindled market interest in the quantum field, driving up the stock prices of companies like D-Wave Quantum, Rigetti Computing, and IonQ, with D-Wave Quantum closing up over 5%.

Reports this week indicated that the Trump administration was consulting on investing in quantum computing companies, but the Trump administration denied these claims on Thursday, stating that what is being considered may be in the form of warrants or loans