Amazon's (AMZN.US) AWS Launches Quantum Embark, Quantum Computing Stocks in the U.S. Soar

Market IntelFriday, Nov 22, 2024 9:00 pm ET

1min read

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Amazon's (AMZN.US) cloud platform AWS announced the Quantum Embark program on Friday, which sent shares of companies related to quantum computing soaring. Quantum Computing (QUBT.US) rose 28% on Friday, while D-Wave Quantum (QBTS.US) rose 49%.

Quantum Embark was created to help customers prepare for the quantum computing era, an emerging field that uses quantum mechanics.

AWS said: "It has the potential to transform industries by solving problems that even the most powerful classical computers cannot."

AWS added that Quantum Embark is a consulting project designed to help customers "understand their compute-intensive use cases, stay current with the latest technology, identify relevant quantum technologies to focus on, and ultimately make informed decisions about future resources and long-term quantum roadmaps."

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