Shares of Advanced Micro Devices (NASDAQ:AMD) rose 2.8%, while International Business Machines (NYSE:IBM) gained 0.9% after the two technology leaders unveiled a new partnership focused on next-generation quantum-focused supercomputing systems.
The alliance seeks to create scalable, open-source platforms that merge IBM’s quantum computing capabilities with AMD’s high-performance computing and AI acceleration technologies. This hybrid strategy is designed to allow specific components of complex problems to be solved using the most suitable computational paradigm.
As part of the collaboration, AMD and IBM will explore ways to integrate AMD’s CPUs, GPUs, and FPGAs with IBM’s quantum machines to accelerate emerging classes of algorithms. Teams plan an initial demonstration later this year to showcase how IBM’s quantum computers can work alongside AMD hardware in hybrid quantum-classical workflows.
“Quantum computing will simulate the natural world and represent information in an entirely new way,” said Arvind Krishna, Chairman and CEO of IBM. “By exploring how quantum computers from IBM and the advanced high-performance compute technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing.”
The initiative could also advance IBM’s goal of delivering fault-tolerant quantum computers by the end of the decade, with AMD’s technologies potentially enabling real-time error correction.
AMD’s stock gains were further supported by a Truist upgrade earlier in the day. The company currently powers the world’s two fastest supercomputers, according to the TOP500 list—Frontier at Oak Ridge National Laboratory and El Capitan at Lawrence Livermore National Laboratory.
Advanced Micro Devices stock price
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