WiMi Hologram Cloud (WIMI) said Thursday it developed a random access memory architecture based on quantum technology.

The QRAM architecture implements fundamental logical operations in quantum logic gates by combining key basic operations in quantum computing. This helps in designing complex quantum circuits while being "more flexible and efficient," compared with classical logic gates, the company said.

WiMi Hologram shares were up 19.2% in recent trading.

Price: 1.34, Change: +0.22, Percent Change: +19.20