Google's quantum chip Willow stirs up a frenzy, quantum computing stocks soar again

Quantum computing stocks continued to climb on Friday, driven by Google's (GOOGL.US) revolutionary quantum chip Willow, attracting a lot of traders to buy. Rigetti Computing (RGTI.US) led the way, up more than 13%, with over 84 million shares traded, more than double the daily average, up nearly 33% in the past five trading days and 294% in the past month. D-Wave Quantum (QBTS.US) and Quantum Computing (QUBT.US) also rose strongly by 15% and 3.8%, respectively, while IonQ Inc (IONQ.US), with a market capitalization of nearly $8 billion, rose nearly 10%. Despite a 0.4% decline in Google's stock price on Friday, it has risen nearly 10% since the release of Willow. Quantum computing stocks have been in the spotlight recently after Google announced the release of its significant quantum chip Willow on Monday. Analysts at Bank of America noted that, although quantum computing applications are still in the early stages, the release of Willow has had a significant impact on market sentiment. Justin Post, an analyst at Bank of America, noted in a report that Willow can significantly speed up the training of Google's base models, with potential applications covering drug discovery, advanced material design, and next-generation encryption solutions, among others. In the long run, innovations in quantum technology are expected to build a significant technological moat for Alphabet.