Alphabet's recent breakthrough in quantum computing has generated significant market interest, following the announcement of its Willow quantum chip. This chip reportedly solved a complex mathematical problem in just five minutes, a task that would take classical computers an unfathomable amount of time. The advancement in quantum error correction, a long-standing challenge, marks a pivotal moment for Google's Quantum AI unit. By stringing together qubits on the Willow chip, Google has managed to reduce error rates, a crucial step toward practical quantum machines. This development positions Google as a leader in the quantum computing race, with potential applications in fields like medicine and artificial intelligence.
The Direxion Daily GOOGL Bull 1.5X Shares ETF (GGLL) surged 8.18% to $43.78 as of 8:40 AM on Tuesday, December 10.