Quantum Computing Inc.'s (QUBT) stock soared 5.29% in the pre-market trading session on Monday, following the news of Google's breakthrough in quantum computing with its Willow chip. This development has sparked investor interest in the quantum computing sector, as companies like QUBT are at the forefront of developing quantum technologies.
Google's Willow chip marks a significant milestone in quantum computing, as it can reduce errors exponentially and perform computations exponentially faster than classical computers. This breakthrough has highlighted the immense potential of quantum computing and its ability to revolutionize various industries, including medicine, energy, and finance.
The surge in quantum computing stocks like Rigetti, IonQ, D-Wave, and Quantum Computing Inc. reflects the growing anticipation surrounding this sector. As the world approaches 2025, designated as the United Nations International Year of Quantum Science and Technology, public awareness and interest in quantum technologies are expected to increase further.
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