GOOG's "Quantum Chip" Shines, QBTS, QBTU, IONQ See Great Gains

I bought some $Alphabet(GOOG)$ at $183.3 on Tuesday. The company closed up 5%, mainly because the company announced that the quantum chip Willow has achieved significant technological breakthroughs and attracted global attention.

• Technological breakthrough: In a standard test, Willow completed a computing task that would take a supercomputer approximately 10^25 years in just 5 minutes. This achievement is regarded as a milestone in the field of quantum computing in the past 30 years, marking an important step for quantum chips to improve computing efficiency and reduce error rates.

• The significance of quantum computing: The characteristics of quantum bits (qubits) allow it to process multiple states at the same time, making it suitable for solving complex problems that traditional computers cannot handle efficiently. Application areas include cryptography cracking, multi-variable simulation and optimization (such as drug research and development, logistics solution design), and artificial intelligence model training.

Despite this, quantum computing technology is still far away from practical applications:

• The number of qubits in current quantum computers is only tens to hundreds, while solving commercial-level problems may require millions of qubits.

• High production costs and susceptibility to environmental interference limit the popularity of the technology.

Although $Alphabet(GOOG)$ breakthrough is impressive, it is more reflected in technological leadership and is not enough to have a substantial impact on the company's revenue and the traditional computing market in the short term. This also sparked discussions about market sentiment and stock price hype.

After looking through more information and data, I realized that my focus before was on the field of AI chips, while in the field of quantum computing, there are already stocks that have increased 20 times or several times.

Combined with AI, I checked the technological development, cooperation and breakthroughs of relevant companies in the field of quantum computing as follows: (for communication only)

1. $D-WAVE QUANTUM INC C/WTS 05/08/2027 (TO PUR COM)(QBTS.WS)$

• Technology Development: D-Wave focuses on quantum annealing computers, suitable for optimization problems in material science and logistics.

• Major Collaborations: Deployed hybrid quantum applications with NTT DOCOMO.

• Breakthroughs: D-Wave's Quantum Computing as a Service (QCaaS) division saw a 41% increase in revenue, reaching $1.6 million in Q3 2024.

2. $Quantum Computing Inc.(QUBT)$

• Technology Development: Awarded a new NASA contract for high-performance quantum remote sensing technology for space lidar imaging.

• Major Collaborations: Received the first order for TFLN photonic chip foundry from a renowned Asian research and technology institution.

• Breakthroughs: QCi's Dirac-3 entropy quantum optimizer helps remove sunlight noise from satellite lidar images, transforming the denoising challenge into an optimization problem.

3. $Rigetti Computing(RGTI)$

• Technology Development: Launched the 84-qubit Ankaa-2 quantum computing system, accessible via Rigetti's cloud services.

• Major Collaborations: Collaborated with Quantum Machines for AI-automated quantum computer calibration.

• Breakthroughs: Rigetti received a grant from the UK's Innovation Agency for the development and deployment of a 24-qubit quantum computer based on the Ankaa architecture.

4. $NVIDIA Corp(NVDA)$

• Technology Development: NVIDIA cuQuantum SDK for accelerating quantum circuit simulation, integrated into Cirq, Qiskit, Pennylane, and more.

• Major Collaborations: Partnered with Quantum Machines for the NVIDIA DGX Quantum system, offering real-time, GPU-accelerated quantum error correction.

• Breakthroughs: NVIDIA cuPQC accelerates leading post-quantum cryptography algorithms, advancing data security against quantum computer threats.

5. $IONQ Inc.(IONQ)$

• Technology Development: IONQ leads in trapped ion technology, with commercial progress in quantum computing.

• Major Collaborations: Partners with Amazon (AMZN), Lockheed Martin (LMT), and Samsung Electronics.

• Breakthroughs: IONQ reported Q2 2024 revenue of $12.6 million, but also an adjusted EBITDA loss of $52.5 million.

6. $IBM(IBM)$

• Technology Development: IBM's Qiskit extended to 5,000 two-qubit operations with accurate results on IBM quantum computers.

• Major Collaborations: Partnerships with RIKEN and Cleveland Clinic to explore new scientifically valuable problems by combining quantum and classical resources.

• Breakthroughs: IBM Quantum Heron, the company's most performant quantum processor to date, further advances the era of quantum utility.

7. $Alphabet(GOOG)$

• Technology Development: Google's new quantum chip, Willow, with 105 physical qubits, demonstrated a task in 5 minutes that would take the world's largest supercomputer an estimated 1025 years.

• Major Collaborations: Google published a result in early 2023 using 49 qubits in its Sycamore quantum processor.

• Breakthroughs: Willow's power showcased the latest salvo in the race to show quantum computers' advantage over classical ones.

8. $Microsoft(MSFT)$

• Technology Development: Microsoft and Atom Computing offer a commercial quantum machine with the largest number of entangled logical qubits on record.

• Major Collaborations: Partnership with Atom Computing to create and entangle 24 logical qubits made from neutral atoms.

• Breakthroughs: Demonstrated the ability to detect and correct errors, and perform computation on 28 logical qubits.

9. $Honeywell(HON)$

• Technology Development: Honeywell's quantum computers can change the computation path mid-calculation, a feature called midcircuit measurement.

• Major Collaborations: Collaborates with multiple companies across various fields to advance quantum computing technology.

• Breakthroughs: Honeywell expects its quantum computers' performance to increase tenfold annually for the next five years.

10. $FormFactor(FORM)$

• Technology Development: Quantum Computing Inc. (QUBT) has been awarded a new contract from NASA for the development of cost-effective quantum remote sensing technology for space lidar imaging, which is a significant step towards practical applications of quantum computing in space technology.

• Major Collaborations: QUBT received the first order for TFLN photonic chip foundry from a renowned Asian research and technology institution, highlighting the global demand for QUBT's advanced TFLN manufacturing technology.

• Breakthroughs: The company has achieved a key milestone in the manufacturing of powerful, full-scale, fault-tolerant quantum computer processors required by existing silicon chip fabs, with the development of a 6-qubit array on a silicon-germanium (SiGe) CMOS compatible process. This demonstrates the potential of silicon-based quantum computing to achieve the performance and speed needed for scaling, with fidelity and gate speed that are crucial for the expansion required in quantum computing.

Hope this info helps, happy investings.