The group skyrocketed Tuesday after Google announced Willow , a chip it said "can reduce errors exponentially as we scale up using more qubits" and performed better than its 2019 predecessor. A qubit, or quantum bit, is a unit used to encode data in such computers.
mountain Alphabet pops for a second day after Willow launch As parent-company Alphabet touted the news as a big win for quantum computing, shares of the search giant rose 4% Wednesday, building on a nearly 6% gain in the previous session. The breakthrough from Google lifted other quantum computing stocks , including little-known contender Rigetti Computing . Shares surged to new highs during Wednesday's session after soaring 45% Tuesday .
mountain Shares this year The setup, he said, flashes similarities to late 2022, which sent up shares of players from Nvidia to C3.ai . However, over time early leaders are emerging in the sector. "I need to see use cases, and use cases that can be monetized," he said. "I like the technical progress, but I wouldn't put too much of a valuation bump on any of these just based on that announcement.
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