D-Wave Quantum Inc. QBTS and SkyWater Technology SKYT shares are trading higher following a notable achievement in quantum computing.
The companies announced that D-Wave’s Advantage2 annealing quantum computer prototype, fabricated by SkyWater, has achieved computational supremacy in quantum simulation.
This development was published in Science, a journal of the American Association for the Advancement of Science.
The research demonstrates that D-Wave’s superconducting annealing quantum computing processors can solve problems that are beyond the reach of classical computers.
In particular, the quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex problems related to magnetic materials, which are crucial in a range of applications, from medical imaging to electronics and superconductors.
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This accomplishment highlights the importance of U.S.-based manufacturing in advancing global technology leadership.
Through their decade-long partnership, SkyWater has played a crucial role by providing specialized process integration, materials engineering, and fabrication expertise, enabling D-Wave’s quantum advancements.
According to Benzinga Pro, SKYT stock has lost over 31% in the past year.
SkyWater’s advanced capabilities, coupled with D-Wave’s expertise, have been integral in the latest development.
“In our view, this collaboration showcases the strength of American innovation and demonstrates the critical role of domestic manufacturing for maintaining global technology leadership,” said Alan Baratz, CEO of D-Wave.
According to Benzinga Pro, QBTS stock has gained over 143% in the past year. Investors can gain exposure to the stock via Defiance Quantum ETF QTUM.
Price Action: QBTS shares are trading higher by 5.58% to $5.68, while SKYT is up 5.84% at $8.15 premarket at last check Wednesday.
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