Alphabet's stock mojo is back with help from quantum tech
Mint Kolkata|December 19, 2024
Alphabet Inc. is ending 2024 on a high, with a quantum computing breakthrough spurring a late-year stock rally—despite having no near-term commercial potential.
Bloomberg

Shares in the Google parent have jumped more than 30% from a September low, with a chunk of those gains coming after news about the capabilities of its quantum computer, which runs on its Willow chip.

Quantum computing has provided a positive narrative amid worries about Alphabet falling behind AI-focused rivals like OpenAI and fears about antitrust risk, helping the stock re-establish itself as a megacap outperformer. It's now among the top 20 Nasdaq 100 stocks this year.

هذه القصة مأخوذة من طبعة December 19, 2024 من Mint Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 19, 2024 من Mint Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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