Latest news with #Sycamore
Euronews
11 hours ago
- Science
- Euronews
How Japan built the largest-class superconducting quantum computer
Researchers in Japan have developed the world's largest-class superconducting quantum computer. Several hardware types are used to build quantum computers, which use subatomic particles called qubits to increase computing capabilities.. Among them, superconducting quantum computers are the most widely tested, with companies like Google, IBM and Rigetti leading in this technology. The higher the number of qubits, the greater the potential computing power. However, other factors such as noise and error mitigation methods are also essential for building a practical quantum computer. The new quantum system developed by researchers at the Japanese National Research and Development Agency, RIKEN, in collaboration with the Japanese IT giant, Fujitsu, has 256 qubits. For comparison, Google's Sycamore quantum processor uses 70 qubits. IBM has a 1,121-qubit processor called Condor, but it's not broadly available for external users. It is widely thought that it would take one million quibits to realise quantum's full potential. Not only did the researchers deploy one of the largest class superconducting quantum computers, but they also managed to quadruple the density of the qubits by fitting 256 qubits into the casing used for the previous generation quantum computer that used 64 qubits. Researchers credit this fourfold increase in density to a combination of high-density integration technology and an advanced thermal design. They assembled 4-qubit 'unit cells' side by side and layered the connected cells in three dimensions, a technique known as a 3D connection structure. 'Using this structure, we can scale the quantum chip without design change… We can make any size qubit chip using a 3D connect structure,' Yoshiyasu Doi, Senior Researcher, RIKEN RQC-FUJITSU Collaboration Centre, told Euronews Next. Fujitsu says the technique enables efficient scaling of qubits without requiring complex redesigns. Quantum computers must operate in extreme cold temperatures, and larger qubits typically need more space due to heat generation. The new 256-qubit system, housed at the RIKEN RQC-FUJITSU Collaboration Centre in Wako, Japan, includes a cooling system that can reach temperatures as low as 20 millikelvin, close to absolute zero, the coldest temperature possible in nature. 'To implement a larger number of components, thermal heat is a very difficult problem…in the new design, we can reduce the power of the amplifier by over 60 per cent. Heat balance is very important to build a larger system,' said Doi. When building a quantum system, every qubit needs an input and output connection. Scaling entails more complex packaging, cabling, and cryogenic infrastructure to manage those connections. 'One of the key advancements that Fujitsu is demonstrating here is the cabling side, getting into a higher density,' Jonathan Burnett, the deputy director for research at the National Quantum Computing Centre in the United Kingdom, told Euronews Next. While American companies such as IBM and AWS have developed similar high-density cabling and integration, no European group currently has a deployed system with this level of cable density, Burnett says. 'Europe-wide, this would be quite a leap against [it]'. Fujitsu says it aims to launch a 1,000-qubit computer in 2026. 'A 1,000 qubit system is a very cost-consuming device. So at first we have to make the technologies to build such a bigger system… Using this dense design, we can build a larger system, like the 1,000 qubit system,' Doi said. Experts say that scaling is critical to advance the benefits of superconducting quantum computers. 'You start to encounter novel problems… that might only occur because you're trying to do 10 things at once and therefore you don't encounter it if you're never working at that size,' Burnett says. 'The impressive thing that does come from what physics Fujitsu is working on is actually encountering those genuine problems of scale that do come from ultimately operating a kind of larger number,' he added. However, ensuring the quality of qubits is as important as the quantity of qubits. Accessible for research institutions and companies globally The new 256-qubit quantum computer is accessible via a cloud platform for companies and research institutions to run complicated calculations. 'Hybrid quantum platform with this machine and quantum simulator. And we provide such a system to our customers, to our collaborators, such as research institutes all over the world,' Doi said. Fujitsu says it's currently working with four companies in Japan, covering industries from finance to chemicals, and aims to expand these collaborations globally. Other partnerships exist, but the company has not disclosed specific details for confidentiality reasons. Quantum computers hold the promise of advancing drug research, finance, and the discovery of new materials thanks to their unprecedented computing capabilities. However, there is broad agreement within the industry that the journey to fully practical quantum computing remains a long one. One million qubits is often seen as the threshold for fault-tolerant, large-scale quantum computing to solve truly practical and complex problems. In 2023, the UK outlined its Quantum Mission 1 as part of a national roadmap toward useful quantum computing. It estimates that around one million physical qubits will be needed to run real-world algorithms like Shor's, which is often used as a benchmark. However, experts concur that smaller systems are crucial stepping stones. 'We have to proceed [with] quantum technology step by step. To solve practical problems, we have to build a one-million-cubic system…So, in that sense, to develop the 1,000 qubit system is one of the steps,' Doi said. For more on this story, watch the video in the media player above.
The Advertiser
2 days ago
- Business
- The Advertiser
Labour market stays tight despite surprise drop in jobs
A surprise fall in jobs will do little to further improve the prospects of a Reserve Bank rate cut as the central bank weighs up the impact of a tight labour market. Australia's unemployment rate held steady at 4.1 per cent in May, but 2500 jobs dropped out of the economy, the Australian Bureau of Statistics reported on Thursday. Despite the result confounding forecasts of a 21,200 gain in employment, economists don't expect the RBA to read too much into it as it followed a jump of 87,600 jobs in April. The fall in employment suggested some "payback" in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent since May 2024, a rise bigger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, bureau head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3000 people, meant that the unemployment rate remained steady at 4.1 per cent for May," he said. The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely as it is a key influence on inflation. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced the odds of a July cut to 63 per cent following the latest release. ANZ economists Aaron Luk and Adam Boyton said the labour market was tracking healthier in the June quarter than the RBA expected in its May forecast. But they expect the central bank to ignore some of the noise of the fluctuating employment growth figures. "The unemployment rate has averaged 4.07 per cent over the June quarter so far versus the RBA's forecast of 4.2 per cent," they said, while employment growth was also tracking higher than forecasts. "These aren't large differences, but they do show a better near-term labour market picture than the RBA's starting point in the May Statement on Monetary Policy. "That said, we suspect these data won't sway the market or analysts one way or another on the July RBA board meeting." Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Meanwhile, population growth slowed to 0.1 percentage points to 91,133 in the final three months of 2024, as net overseas migration dropped by a fifth. Alongside the slowdown in immigration, a recent recovery in dwelling approvals meant the pace of new housing entering the market was finally on track to meet growth in underlying demand, AMP economist My Bui said. Australia's population was just over 27.4 million people at the end of 2024, the bureau said. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, while NSW was the biggest loser. More than 28,000 people abandoned the nation's first state for cheaper housing markets. A surprise fall in jobs will do little to further improve the prospects of a Reserve Bank rate cut as the central bank weighs up the impact of a tight labour market. Australia's unemployment rate held steady at 4.1 per cent in May, but 2500 jobs dropped out of the economy, the Australian Bureau of Statistics reported on Thursday. Despite the result confounding forecasts of a 21,200 gain in employment, economists don't expect the RBA to read too much into it as it followed a jump of 87,600 jobs in April. The fall in employment suggested some "payback" in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent since May 2024, a rise bigger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, bureau head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3000 people, meant that the unemployment rate remained steady at 4.1 per cent for May," he said. The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely as it is a key influence on inflation. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced the odds of a July cut to 63 per cent following the latest release. ANZ economists Aaron Luk and Adam Boyton said the labour market was tracking healthier in the June quarter than the RBA expected in its May forecast. But they expect the central bank to ignore some of the noise of the fluctuating employment growth figures. "The unemployment rate has averaged 4.07 per cent over the June quarter so far versus the RBA's forecast of 4.2 per cent," they said, while employment growth was also tracking higher than forecasts. "These aren't large differences, but they do show a better near-term labour market picture than the RBA's starting point in the May Statement on Monetary Policy. "That said, we suspect these data won't sway the market or analysts one way or another on the July RBA board meeting." Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Meanwhile, population growth slowed to 0.1 percentage points to 91,133 in the final three months of 2024, as net overseas migration dropped by a fifth. Alongside the slowdown in immigration, a recent recovery in dwelling approvals meant the pace of new housing entering the market was finally on track to meet growth in underlying demand, AMP economist My Bui said. Australia's population was just over 27.4 million people at the end of 2024, the bureau said. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, while NSW was the biggest loser. More than 28,000 people abandoned the nation's first state for cheaper housing markets. A surprise fall in jobs will do little to further improve the prospects of a Reserve Bank rate cut as the central bank weighs up the impact of a tight labour market. Australia's unemployment rate held steady at 4.1 per cent in May, but 2500 jobs dropped out of the economy, the Australian Bureau of Statistics reported on Thursday. Despite the result confounding forecasts of a 21,200 gain in employment, economists don't expect the RBA to read too much into it as it followed a jump of 87,600 jobs in April. The fall in employment suggested some "payback" in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent since May 2024, a rise bigger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, bureau head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3000 people, meant that the unemployment rate remained steady at 4.1 per cent for May," he said. The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely as it is a key influence on inflation. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced the odds of a July cut to 63 per cent following the latest release. ANZ economists Aaron Luk and Adam Boyton said the labour market was tracking healthier in the June quarter than the RBA expected in its May forecast. But they expect the central bank to ignore some of the noise of the fluctuating employment growth figures. "The unemployment rate has averaged 4.07 per cent over the June quarter so far versus the RBA's forecast of 4.2 per cent," they said, while employment growth was also tracking higher than forecasts. "These aren't large differences, but they do show a better near-term labour market picture than the RBA's starting point in the May Statement on Monetary Policy. "That said, we suspect these data won't sway the market or analysts one way or another on the July RBA board meeting." Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Meanwhile, population growth slowed to 0.1 percentage points to 91,133 in the final three months of 2024, as net overseas migration dropped by a fifth. Alongside the slowdown in immigration, a recent recovery in dwelling approvals meant the pace of new housing entering the market was finally on track to meet growth in underlying demand, AMP economist My Bui said. Australia's population was just over 27.4 million people at the end of 2024, the bureau said. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, while NSW was the biggest loser. More than 28,000 people abandoned the nation's first state for cheaper housing markets. A surprise fall in jobs will do little to further improve the prospects of a Reserve Bank rate cut as the central bank weighs up the impact of a tight labour market. Australia's unemployment rate held steady at 4.1 per cent in May, but 2500 jobs dropped out of the economy, the Australian Bureau of Statistics reported on Thursday. Despite the result confounding forecasts of a 21,200 gain in employment, economists don't expect the RBA to read too much into it as it followed a jump of 87,600 jobs in April. The fall in employment suggested some "payback" in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent since May 2024, a rise bigger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, bureau head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3000 people, meant that the unemployment rate remained steady at 4.1 per cent for May," he said. The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely as it is a key influence on inflation. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced the odds of a July cut to 63 per cent following the latest release. ANZ economists Aaron Luk and Adam Boyton said the labour market was tracking healthier in the June quarter than the RBA expected in its May forecast. But they expect the central bank to ignore some of the noise of the fluctuating employment growth figures. "The unemployment rate has averaged 4.07 per cent over the June quarter so far versus the RBA's forecast of 4.2 per cent," they said, while employment growth was also tracking higher than forecasts. "These aren't large differences, but they do show a better near-term labour market picture than the RBA's starting point in the May Statement on Monetary Policy. "That said, we suspect these data won't sway the market or analysts one way or another on the July RBA board meeting." Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Meanwhile, population growth slowed to 0.1 percentage points to 91,133 in the final three months of 2024, as net overseas migration dropped by a fifth. Alongside the slowdown in immigration, a recent recovery in dwelling approvals meant the pace of new housing entering the market was finally on track to meet growth in underlying demand, AMP economist My Bui said. Australia's population was just over 27.4 million people at the end of 2024, the bureau said. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, while NSW was the biggest loser. More than 28,000 people abandoned the nation's first state for cheaper housing markets.
The Advertiser
2 days ago
- Business
- The Advertiser
Unemployment holds steady despite surprise drop in jobs
Australia's jobs market continues to show resilience with unemployment steady at 4.1 per cent in May, despite a surprise fall in jobs. Some 2500 jobs were lost from the economy, the Australian Bureau of Statistics reported on Thursday, despite forecasters tipping a gain in employment of more than 22,000. After a surprise jump of 87,600 jobs in the economy in April, the fall in employment suggests some "payback" has taken place in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent compared to May 2024, which was stronger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, ABS head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3,000 people, meant that the unemployment rate remained steady at 4.1 per cent for May." The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely, given it is a key factor in the rate of price growth. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced its odds of a July cut to 63 per cent following the release. Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Australia's unemployment rate has stayed below pre-COVID averages, despite elevated interest rates, in part because the labour market has been underpinned by strength in government-funded employment, such as in health and aged care. But growth in market sector jobs - those not supported by government funding - has picked up in recent months, in keeping with a pick-up in private demand, said JP Morgan economists Ben Jarman, Tom Kennedy and Jack Stinson "Rotation in employment growth from the public to private sector should improve allocative efficiency and help lift labour productivity growth," they said ahead of the release. Meanwhile, population growth slowed to 0.3 per cent in the final three months of 2024 to 91,133, as net overseas migration dropped by a fifth. Australia's population was 27,400,013 people on December 31, the ABS revealed. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, with NSW the biggest loser. More than 28,000 people fled Australia's first state for cheaper housing markets. Australia's jobs market continues to show resilience with unemployment steady at 4.1 per cent in May, despite a surprise fall in jobs. Some 2500 jobs were lost from the economy, the Australian Bureau of Statistics reported on Thursday, despite forecasters tipping a gain in employment of more than 22,000. After a surprise jump of 87,600 jobs in the economy in April, the fall in employment suggests some "payback" has taken place in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent compared to May 2024, which was stronger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, ABS head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3,000 people, meant that the unemployment rate remained steady at 4.1 per cent for May." The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely, given it is a key factor in the rate of price growth. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced its odds of a July cut to 63 per cent following the release. Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Australia's unemployment rate has stayed below pre-COVID averages, despite elevated interest rates, in part because the labour market has been underpinned by strength in government-funded employment, such as in health and aged care. But growth in market sector jobs - those not supported by government funding - has picked up in recent months, in keeping with a pick-up in private demand, said JP Morgan economists Ben Jarman, Tom Kennedy and Jack Stinson "Rotation in employment growth from the public to private sector should improve allocative efficiency and help lift labour productivity growth," they said ahead of the release. Meanwhile, population growth slowed to 0.3 per cent in the final three months of 2024 to 91,133, as net overseas migration dropped by a fifth. Australia's population was 27,400,013 people on December 31, the ABS revealed. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, with NSW the biggest loser. More than 28,000 people fled Australia's first state for cheaper housing markets. Australia's jobs market continues to show resilience with unemployment steady at 4.1 per cent in May, despite a surprise fall in jobs. Some 2500 jobs were lost from the economy, the Australian Bureau of Statistics reported on Thursday, despite forecasters tipping a gain in employment of more than 22,000. After a surprise jump of 87,600 jobs in the economy in April, the fall in employment suggests some "payback" has taken place in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent compared to May 2024, which was stronger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, ABS head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3,000 people, meant that the unemployment rate remained steady at 4.1 per cent for May." The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely, given it is a key factor in the rate of price growth. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced its odds of a July cut to 63 per cent following the release. Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Australia's unemployment rate has stayed below pre-COVID averages, despite elevated interest rates, in part because the labour market has been underpinned by strength in government-funded employment, such as in health and aged care. But growth in market sector jobs - those not supported by government funding - has picked up in recent months, in keeping with a pick-up in private demand, said JP Morgan economists Ben Jarman, Tom Kennedy and Jack Stinson "Rotation in employment growth from the public to private sector should improve allocative efficiency and help lift labour productivity growth," they said ahead of the release. Meanwhile, population growth slowed to 0.3 per cent in the final three months of 2024 to 91,133, as net overseas migration dropped by a fifth. Australia's population was 27,400,013 people on December 31, the ABS revealed. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, with NSW the biggest loser. More than 28,000 people fled Australia's first state for cheaper housing markets. Australia's jobs market continues to show resilience with unemployment steady at 4.1 per cent in May, despite a surprise fall in jobs. Some 2500 jobs were lost from the economy, the Australian Bureau of Statistics reported on Thursday, despite forecasters tipping a gain in employment of more than 22,000. After a surprise jump of 87,600 jobs in the economy in April, the fall in employment suggests some "payback" has taken place in the labour market, IG market analyst Tony Sycamore said. Employment was still up by 2.3 per cent compared to May 2024, which was stronger than the pre-pandemic, 10-year average annual growth rate of 1.7 per cent, ABS head of labour statistics Sean Crick said. "This fall in employment, combined with a drop in unemployment of 3,000 people, meant that the unemployment rate remained steady at 4.1 per cent for May." The volatility in employment figures has not been reflected in the jobless rate, which has held within a tight 3.9 to 4.4 per cent range since March 2024. The participation rate fell 0.1 per cent to 67 per cent. "Together, today's numbers imply the labour market is continuing to gradually cool," Mr Sycamore said. The Reserve Bank watches the labour market closely, given it is a key factor in the rate of price growth. Mr Sycamore expects the RBA to lower interest rates by 25 basis points at its next board meeting in July, but the rates market marginally reduced its odds of a July cut to 63 per cent following the release. Treasurer Jim Chalmers said low unemployment was one of the best defences against uncertainty in the global economy. "While other countries have sacrificed much higher unemployment for progress on inflation, Australia has been able to preserve the gains we've made in our labour market at the same time as we've got inflation down and jobs up," he said. Australia's unemployment rate has stayed below pre-COVID averages, despite elevated interest rates, in part because the labour market has been underpinned by strength in government-funded employment, such as in health and aged care. But growth in market sector jobs - those not supported by government funding - has picked up in recent months, in keeping with a pick-up in private demand, said JP Morgan economists Ben Jarman, Tom Kennedy and Jack Stinson "Rotation in employment growth from the public to private sector should improve allocative efficiency and help lift labour productivity growth," they said ahead of the release. Meanwhile, population growth slowed to 0.3 per cent in the final three months of 2024 to 91,133, as net overseas migration dropped by a fifth. Australia's population was 27,400,013 people on December 31, the ABS revealed. Queensland and Western Australia were the only jurisdictions to experience positive net interstate migration, with NSW the biggest loser. More than 28,000 people fled Australia's first state for cheaper housing markets.
Yahoo
3 days ago
- Business
- Yahoo
Quantum computing stock price slips after 3rd double-digit pop in June
Quantum computing stock price slips after 3rd double-digit pop in June originally appeared on TheStreet. Updated 3:01 pm EST to reflect stock price on June 17. Thought crypto was wild? Quantum computing stocks keep turning heads with surging gains. It's been a crazy few months for the quantum computing space, to say the least. Earlier this year, skeptics, including Mad Money's Jim Cramer, called out the 'gamification' of quantum stocks, brushing off the rallies as short-lived hype. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵 Subsequently, we saw many pure-play names that 10x'd in late 2024 and early 2025, cooling off sharply. Still, the bullishness around the industry held up well. In recent weeks, though, the sentiment has shifted sharply, with fresh interest from lawmakers and tech leaders. Between Nvidia CEO Jensen Huang changing his tune on quantum and a flurry of legislative moves in Washington, the signs suggest that it's not just theory anymore. Hence, the vibe's now mostly bullish, and the business specifics are starting to matter a lot more. Case in point? One eponymous quantum player quietly crushing it, without obsessing over qubits or cryogenics. Quantum computing has been one of the hottest investing trends over the past year—and for good late 2019, Google's Sycamore processors stunned us all by achieving 'quantum supremacy,' solving a task in minutes that would have taken classical supercomputers millennia. Then, it took things up a notch or two again late last year, showing its Willow chip with 105 qubits and below-threshold error correction. That chip nailed a Random Circuit Sampling task in under five minutes, a feat today's fastest supercomputers wouldn't crack in 10²⁵ years. Since then, multiple pure-play businesses in the niche have sprung up, vying for a lucrative bellwether position. Companies like Rigetti have taken qubit counts (a core building block of quantum tech) into the hundreds. Similarly, firms like D-Wave have commercialized quantum annealing systems for optimization tasks, with their share prices going parabolic. A big part of the sentiment shift is the much-hyped quantum-AI marriage. Earlier this month, we saw Nvidia CEO Jensen Huang hailing quantum computing as the next 'inflection point'. Also, he talked up the potential of quantum processors in AI workflows to speed up machine-learning training and complex simulations. Unsurprisingly, the sector's expected to rake in serious moolah. More On Quantum Computing: Nvidia CEO sends blunt 7-word message on quantum computing Surprising tech giant aims to lead quantum computing revolution Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target According to Grand View Research, the global quantum computing space is set to grow from $1.42 billion in 2024 to $4.24 billion by 2030 (a 21.2% CAGR). Meanwhile, GlobeNewswire projects a steeper 31.6% CAGR, pushing the market from $1.79 billion in 2025 to over $7 billion by 2030. Quantum Computing () stock price fell 7% on June 17 after notching a 27% gain on June 16, closing at $21.22. The gain marked the stock's third double-digit jump and second 25%-plus surge since the start of the company announced the shipment of its first commercial entangled-photon module to a leading Korean research institute. Unlike most of its peers, which are still pre-revenue, the announcement of its first order could be a sign of things to come. To put things in perspective, Quantum Computing stock has been a big outperformer, clocking an eye-watering 3,152% gain last year, comfortably ahead of its peers. In the past month alone, Quantum Computing stock surged 77%, once again outperforming the competition. Rigetti, D-Wave, and IonQ stocks were up 3.2%, 25%, and 12%, respectively, over the same period. What gives Quantum Computing stock the edge? For starters, its shipment to a Korean research institute shows that it's already building the backbone for quantum communication. Unlike its peers, which continue tinkering with cryogenics and error correction, it stands out with its photonics-based gear, which works at room temperature and integrates efficiently into existing fiber networks. Also, its Arizona foundry is pumping out thin-film lithium niobate chips for everything from telecom to sensing, with repeat customer orders stacking up. Hence, its catalog leans practical, not theoretical, and while its peers move forward on proprietary qubit platforms, Quantum Computing is positioning itself as the go-to enabler in the computing stock price slips after 3rd double-digit pop in June first appeared on TheStreet on Jun 17, 2025 This story was originally reported by TheStreet on Jun 17, 2025, where it first appeared.
Miami Herald
3 days ago
- Business
- Miami Herald
Quantum computing upstart logs 3rd double-digit pop in June
Thought crypto was wild? Quantum computing stocks keep turning heads with surging gains. It's been a crazy few months for the quantum computing space, to say the least. Earlier this year, skeptics, including Mad Money's Jim Cramer, called out the "gamification" of quantum stocks, brushing off the rallies as short-lived hype. Don't miss the move: Subscribe to TheStreet's free daily newsletter Subsequently, we saw many pure-play names that 10x'd in late 2024 and early 2025, cooling off sharply. Still, the bullishness around the industry held up well. In recent weeks, though, the sentiment has shifted sharply, with fresh interest from lawmakers and tech leaders. Between Nvidia CEO Jensen Huang changing his tune on quantum and a flurry of legislative moves in Washington, the signs suggest that it's not just theory anymore. Hence, the vibe's now mostly bullish, and the business specifics are starting to matter a lot more. Case in point? One eponymous quantum player quietly crushing it, without obsessing over qubits or computing has been one of the hottest investing trends over the past year-and for good reason. Related: 5 quantum computing stocks investors are targeting in 2025 In late 2019, Google's Sycamore processors stunned us all by achieving "quantum supremacy," solving a task in minutes that'd take classical supercomputers millennia. Then, it took things up a notch or two again late last year, showing its Willow chip with 105 qubits and below-threshold error correction. That chip nailed a Random Circuit Sampling task in under five minutes, a feat today's fastest supercomputers wouldn't crack in 10²⁵ years. Since then, multiple pure-play businesses in the niche have sprung up, vying for a lucrative bellwether position. Companies like Rigetti have taken qubit counts (a core building block of quantum tech) into the hundreds. Similarly, firms like D-Wave have commercialized quantum annealing systems for optimization tasks, with their share prices going parabolic. A big part of the sentiment shift is the much-hyped quantum-AI marriage. Earlier this month, we saw Nvidia CEO Jensen Huang hailing quantum computing as the next "inflection point". Also, he talked up the potential of quantum processors in AI workflows to speed up machine-learning training and complex simulations. Unsurprisingly, the sector's expected to rake in serious moolah. More On Quantum Computing: Nvidia CEO sends blunt 7-word message on quantum computingSurprising tech giant aims to lead quantum computing revolutionVeteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target According to Grand View Research, the global quantum computing space is set to grow from $1.42 billion in 2024 to $4.24 billion by 2030 (a 21.2% CAGR). Meanwhile, GlobeNewswire projects a steeper 31.6% CAGR, pushing the market from $1.79 billion in 2025 to over $7 billion by 2030. Quantum Computing (QUBT) notched a 27% gain yesterday, closing at $21.22. It marked the stock's third double-digit jump and second 25%+ surge since the start of June. Related: Google plans major AI shift after Meta's surprising $14 billion move Moreover, the company announced the shipment of its first commercial entangled-photon module to a leading Korean research institute. Unlike most of its peers, which are still pre-revenue, the announcement of its first order could be a sign of things to come. To put things in perspective, Quantum Computing stock has been a big outperformer, clocking an eye-watering 3,152% gain last year, comfortably ahead of its peers. In the past month alone, Quantum Computing stock surged 77%, once again outperforming the competition. Rigetti, D-Wave, and IonQ stocks were up 3.2%, 25%, and 12%, respectively, over the same period. What gives Quantum Computing stock the edge? For starters, its shipment to a Korean research institute shows that it's already building the backbone for quantum communication. Unlike its peers, which continue tinkering with cryogenics and error correction, it stands out with its photonics-based gear, which works at room temperature and integrates efficiently into existing fiber networks. Also, its Arizona foundry is pumping out thin-film lithium niobate chips for everything from telecom to sensing, with repeat customer orders stacking up. Hence, its catalog leans practical, not theoretical, and while its peers move forward on proprietary qubit platforms, Quantum Computing is positioning itself as the go-to enabler in the space. Related: Circle's stock price surges after stunning CEO comment The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
