Tech stocks soar on Google’s Quantum computing milestone
A new chip unveiled by Google LLC on Tuesday local time, which the company claims is a major milestone in the quantum computing sector, led to a surge in advanced tech stocks in South Korea on Wednesday. Korea Computer & Systems Inc. saw its stock price jump 29.94 percent to 9,330 won ($6.5) as of 10:40 a.m. on Wednesday. Other quantum computing stocks also experienced significant gains, with Solid up 10.86 percent to 5,310 won, Opticis Co. rising 6.24 percent to 7,320 won, and HANCOM WITH Inc. increasing 10.4 percent to 3,025 won. Their rally was fueled by Google‘s announcement that it has overcome a decades-long challenge in quantum computing with a new generation of chips that can solve a computing problem in five minutes.
