Core Insights - AMD's stock surged by 7.63%, reaching an all-time high of $253.39, following reports that IBM can utilize AMD's chips to run quantum computing error correction algorithms [1] - IBM's stock rose by 7.88%, hitting a historical peak of $310.75, after confirming the successful operation of quantum error correction algorithms on AMD's programmable logic chips (FPGAs) [1] - IBM and AMD announced a collaboration in August to develop quantum computing capabilities, with IBM aiming to launch a "large-scale, fault-tolerant quantum computer" by 2029 [1] Company Developments - IBM stated that achieving quantum error correction without relying on expensive GPU clusters is a significant advancement towards practical quantum computing [1] - A forthcoming academic paper will detail IBM's success in running quantum error correction algorithms on AMD's FPGAs, which IBM has confirmed [1] Industry Trends - Major tech companies like Google, Microsoft, and Amazon are intensifying their investments in quantum computing [1] - Microsoft launched its first quantum computing chip last year, while Google introduced a breakthrough chip named Willow [2] - Quantum computing stocks such as D-Wave Quantum and IonQ experienced gains, reflecting growing interest in the sector [2] - Regulatory and policy developments regarding quantum computing are attracting attention from Wall Street, especially following the Trump administration's denial of considering equity stakes in quantum computing firms [2]

Market Performance - Stocks closed the week in the green, with the S&P, Nasdaq, and Dow Jones reaching new record highs, each rallying about 2% or more, while the Russell gained 2.5% [1] - All sectors except consumer staples and utilities ended the week positively, with technology regaining leadership with a rally of 2.75% [2] Company Earnings and Developments - Netflix experienced a decline to a six-month low due to an earnings miss attributed to a $619 million Brazilian tax dispute charge, but it aims to double its revenue by 2025 and is exploring AI for new ad formats [2][3] - Tesla reported an EPS miss but exceeded revenue expectations, reporting $28.1 billion against estimates of $26.2 billion, and confirmed that production for its Cyber Cab, Tesla Semi, and Mega Pac 3 will start in 2026 [3][4] - IBM and AMD reached all-time highs driven by advancements in quantum computing, with IBM planning to build a large-scale quantum computer by 2029 and running a quantum-based algorithm on AMD chips [4][5] - Shares of AMD and IBM increased by 8.5% and 9.3% respectively over the week following IBM's earnings beat [5] Upcoming Earnings Reports - Five of the Mag Seven companies are set to report earnings, including Microsoft, Meta, and Alphabet on Wednesday, and Apple and Amazon on Thursday [5] Macro Events - The Federal Reserve's interest rate decision is anticipated on Wednesday, which could impact market dynamics [6]

IBM has reportedly found that it can run a key quantum computing algorithm on an easy-to-get and reasonably priced chip made by Advanced Micro Devices. https://t.co/PR4eWenUXh ...

Core Points - US stock market closed with significant gains, with the Dow Jones up 1.02%, S&P 500 up 0.79%, and Nasdaq up 1.15%, all reaching historical highs [1] - Ford Motor Company saw a substantial increase of 12% in its stock price [1] - Semiconductor stocks performed well, with Intel rising by 0.31%, AMD increasing by 7.6%, and Alphabet gaining 2.6% [1] - The Nasdaq Golden Dragon China Index rose by 0.2%, with notable gains from companies like WeRide (up 5.1%) and Alibaba (up 1.5%) [1]

Advanced Micro Devices (AMD) shares extended gains to print an all-time high of about $253 on Friday as investors continued to flock into the chipmaker ahead of its earnings on Nov. 4. Analysts currently expect the semiconductor behemoth to earn $0.97 on a per-share basis in its fiscal Q3, up sharply from $0.76 in the same quarter last year. More News from Barchart At the time of writing, AMD stock is up well over 200% versus its year-to-date low in early April. www.barchart.com What Helped AMD Stock ...

Group 1 - Advanced Micro Devices (AMD) shares increased by 7% on Friday, driven by positive sentiment in the semiconductor sector [1] - The surge in AMD's stock was supported by a series of strong earnings reports and industry developments that bolstered investor confidence [1]

Core Insights - AMD and IBM experienced significant stock price increases following the news that IBM can run a key quantum computing error-correcting algorithm on AMD's affordable chips [1][6] - IBM's research paper, set to be released, highlights the capability of running these algorithms in real time on AMD's field programmable gate array semiconductors [2] Company Performance - AMD shares have more than doubled since the beginning of the year and rose nearly 7% in mid-afternoon trading on the reported news [3] - IBM's stock surged over 7%, contributing to a year-to-date gain of approximately 40%, making it the second-largest gainer in the Dow Jones Industrial Average for 2025 [3] - Shares of Micron, which supplies memory solutions for AMD and Nvidia chips, increased by 5% on the same day [3] Significance of the News - For IBM, this development marks a step towards making quantum computers more commercially viable and reliable [4] - For AMD, it demonstrates the growing importance of affordable and flexible chips in advanced research, enhancing the company's position in next-generation computing [4] - Jay Gambetta from IBM research emphasized the significance of the implementation being ten times faster than required [4] Quantum Computing Context - Quantum computers utilize qubits to solve problems at speeds thousands of times faster than traditional computers, but qubits are susceptible to errors that can overwhelm quantum chips [5] - IBM aims to construct a quantum computer named Starling by 2029, with the algorithm work completed a year ahead of schedule [5][6]

Market Overview - The U.S. stock market reached unprecedented highs on October 24, 2025, with all three major indexes setting new records due to a cooler-than-expected inflation report, strong corporate earnings, and easing global trade tensions [1][3][9] - The S&P 500 climbed approximately 0.9% to 1%, surpassing the 6,800-point mark for the first time, while the Dow Jones Industrial Average rose around 1.1% or 519 points, and the Nasdaq Composite advanced approximately 1.3% to 1.31% [2] Sector Performance - The technology and semiconductor sectors were significant contributors to the market gains, with companies like Advanced Micro Devices (AMD) surging approximately 6.5% and Intel (INTC) seeing shares rise between 1.2% and 3.8% due to strong demand driven by the AI boom [4][12] - Energy stocks also performed well, boosted by rising crude oil prices following new U.S. sanctions on major Russian oil producers [4] - Defensive sectors such as consumer staples, healthcare, and utilities experienced modest movements or slight declines, indicating a "risk-on" market sentiment [4] Company News - Ford Motor (F) shares increased by 11.1% after reporting stronger-than-expected profits [7] - Dow Inc. led the S&P 500 with a jump of over 12% after exceeding consensus estimates for adjusted operating EBITDA in Q3 [12] - HCA Healthcare (HCA) saw its shares rise over 4% after significantly surpassing Q3 earnings expectations [12] - Conversely, Newmont Mining (NEM) fell 4.3% despite reporting stronger-than-expected profits, and Deckers Outdoor (DECK) plunged 12.5% to 14% after providing a weaker-than-expected outlook [12]

Group 1: Market Performance - The Dow, S&P 500, and Nasdaq reached record highs in intraday trading due to strong corporate earnings and a cooler-than-expected inflation report [1][6] - Ford Motor shares surged after the company posted quarterly results that exceeded analysts' estimates, driven by strong demand for its commercial and fleet vehicles [1][6] Group 2: Company-Specific Developments - Advanced Micro Devices (AMD) shares increased after IBM reported it could run certain quantum computing algorithms on an AMD chip, leading to a rise in IBM shares as well [2] - Deckers Outdoor (DECK) shares fell significantly after the company provided a weaker-than-expected outlook, citing consumer pullback due to tariffs and higher prices [3][6] - Illinois Tool Works (ITW) shares declined after missing sales estimates and narrowing its guidance due to anticipated supply chain issues related to tariffs [4]

Market Overview - US stocks opened higher, indicating a potential second consecutive winning week, following President Trump's confirmation of a meeting with Chinese President Xi, which alleviated trade tensions [1] - The volatility index (VIX) surged last week but has since dropped about 40% from its intraday peak, a bullish sign as October concludes [5][7] Earnings Reports - The third-quarter earnings season has started positively, with 99 S&P 500 companies reporting a total earnings increase of 13.7% year-over-year and an 8.2% rise in revenues, with nearly 87% surpassing EPS estimates [2] Trade Relations - Optimistic comments from US government officials, including Treasury Secretary Scott Bessent, suggest upcoming trade talks between the US and China, following a "constructive" virtual meeting with Chinese Vice Premier He Lifeng [3] - President Trump has shifted his stance on tariffs, calling the "100% tariff" threat on China "unsustainable," and has outlined key agenda items including rare earths and soybeans [4] Inflation Data - The Consumer Price Index (CPI) for September showed a year-over-year increase of 3.0%, slightly below expectations of 3.1%, indicating lower-than-expected inflation [10] Stocks to Watch - Advanced Micro Devices (AMD) reached a new all-time high, up over 5% in early trading, driven by a partnership with Open AI, resulting in a more than 50% increase over the past month [12] - Vertiv Holdings (VRT) reported third-quarter earnings of $1.24 per share, a 24% positive surprise compared to consensus estimates, with revenues of $2.68 billion exceeding projections by 3.6% [13]