Alphabetthe parent company of Google announced yesterday the introduction of a new chip called Willow, who solved a complex computer problem in five minutes that would take a traditional computer an eternity. Big US technology has called the chip a “turning point” and his stocks soared on Wall Street.
Quantum computing: what it is and what the advantages are
A quantum computer is a computer that uses the laws of physics and quantum mechanics to perform operations on data, not binary computation like traditional computers, and uses methods such as state superposition and entanglement to achieve very high speeds in complex calculations. The building blocks of quantum computers, known as “qubits”they reach unthinkable speeds, but they have flawsWhy they are subject to errors and this makes quantum computers unreliable.
Tech companies are riding the race for quantum computingwith the aim of reaching increasingly higher speeds compared to traditional silicon computers.
Earlier this year, too Microsoft and Quantinuum they announced that they had accomplished a fundamental step in making quantum computers a commercial reality by making them more reliable. And, now, too Google stated that, with the Willow chip, managed to reduce error rates as the number of qubits increases and can correct errors in real time.
Wall Street toasted Alphabet
The shares of Google’s parent company, Alphabetthey jumped over 5% yesterday on Wall Streetsettling on a price of 185 dollars. Year to date the title highlights a 32% gain substantially in line with that of the Nasdaq.
According to data from LSEG, the company’s shares are trading at a ratio 12-month forward P/E of 19.58lower than that of competitors.
Analysts’ opinions
Yesterday, Bank of America maintained a recommendation Buy on Alphabet, confirming a target price of 210 dollars, which implies a potential upside of 13% compared to the current share price. Even the analysts of Baird they expressed an opinion Outperform on the stock, indicating a target price of $205 following the announcement of this important innovation.
