Why Alphabet Stock Is Jumping Today
(NASDAQ: GOOGL) (NASDAQ: GOOG) stock is gaining ground in Tuesday's trading. The tech giant's share price was up 4.4% as of 12:15 p.m. ET.
Alphabet stock is climbing after the company revealed its Willow quantum computing chip and said that the technology has achieved significant new breakthroughs in the field. According to the company's Google division, the Willow chip is capable of completing a random-circuit-sampling benchmark computing test in under five minutes -- and it would take one of the world's current top supercomputers 10 septillion years to achieve the feat.
Alphabet's Google division published a report in Nature yesterday detailing experiment results for its Willow chip. The experiment suggests that the company's technology has solved a key hurdle in quantum computing.
Source Fool.com
Alphabet Inc. A Stock
The stock is one of the favorites of our community with 165 Buy predictions and 2 Sell predictions.
As a result the target price of 334 € shows a slightly positive potential of 8.16% compared to the current price of 308.8 € for Alphabet Inc. A.
