Core Viewpoint - IBM and Cisco have announced a collaboration to design a network of large-scale, fault-tolerant quantum computers, aiming for a proof of concept by around 2030 and laying the groundwork for a "quantum computing internet" in the late 2030s [1] Group 1: Collaboration Details - The two companies will jointly demonstrate a prototype network that connects multiple independent large-scale fault-tolerant quantum computers over the next five years [1] - This network aims to scale quantum computing tasks to levels of tens of thousands or even hundreds of thousands of qubits, which is beyond the capacity of traditional single-machine systems [1] Group 2: Applications and Impact - The distributed network architecture will enable quantum computing to run complex programs with scales reaching trillions of quantum gates, which is crucial for solving large optimization problems, advanced materials design, and drug development [1] - Jay Gambetta, head of IBM Research, emphasized that this collaboration will further expand the capabilities of quantum computing [1]

Core Insights - IBM Corp is collaborating with Cisco Systems to develop a network of large-scale, fault-tolerant quantum computers, aiming to provide a proof-of-concept within five years and complete the project by early next decade [1] Stock Performance - IBM shares have increased by 2.9%, reaching $296.81, following the announcement of the partnership with Cisco [1] - The stock recently experienced a pullback from its record high of $324.90 on November 12, but is up 35.2% year-to-date [2] Options Trading Activity - There has been a notable increase in put trading activity for IBM, with a 10-day put/call volume ratio of 0.91, ranking higher than 90% of readings from the past year [3] - Despite the increase in put activity, call options are still more prevalent in absolute terms, indicating a mixed sentiment among options traders [3] - IBM has a Schaeffer's Volatility Scorecard (SVS) of 93 out of 100, suggesting that the company tends to outperform options traders' volatility expectations [3]

Group 1 - The three major U.S. stock indices rose collectively, with the Dow Jones increasing by 1.08%, the Nasdaq by 2.19%, and the S&P 500 by 1.6% [1] - Nvidia's stock rose by 5% following the company's third-quarter earnings that exceeded market expectations [1] - AMD's stock increased by 4% after the announcement of a joint venture with Saudi AI company Humain and Cisco Systems [1] - Walmart's stock gained 3% as the company raised its earnings forecast for the second consecutive quarter [1]

Group 1 - IBM and Cisco Systems announced a partnership to develop a network of large-scale, fault-tolerant quantum computers by early next decade [1] - The collaboration focuses on networked distributed quantum computing, which aims to enhance the capabilities of quantum computers [1] - Following Nvidia's earnings report, both IBM and Cisco stocks experienced an increase, contributing to a broader rise in tech stocks [1] Group 2 - The stock market experienced significant volatility as the government shutdown concluded, with growth stocks initially declining before rebounding [2] - Cisco's earnings report exceeded expectations, driven by strong orders related to artificial intelligence [4] - The overall market sentiment was affected by the performance of tech stocks, particularly in the context of the recent government shutdown [4]

Core Insights - IBM and Cisco announced a collaboration to conduct foundational research on distributed quantum computing, expected to be realized in the early 2030s [1] Group 1: Collaboration Details - The partnership aims to achieve the first proof-of-concept network within the next five years, integrating multiple independent large-scale fault-tolerant quantum computers [1] - The network will be capable of executing computational tasks involving tens of thousands to hundreds of thousands of quantum bits [1] Group 2: Potential Applications - This type of network is anticipated to address complex problems involving trillions of quantum gates, which are crucial for transformative quantum applications such as large-scale optimization and the design of complex materials and drugs [1]

Market Overview - Major U.S. stock index futures are up, with Dow futures rising by 0.44%, S&P 500 futures increasing by 1.06%, and Nasdaq futures gaining 1.41% [1] Technology Sector - Star tech stocks are experiencing pre-market gains, with Tesla and Google up over 2%, while Meta, Amazon, and Microsoft are up by 1% [2] - Nvidia's stock has risen by 5.42%, reporting a record revenue of $57 billion for Q3 of fiscal year 2026, exceeding analyst expectations by over 3%. Revenue growth accelerated to 62% year-over-year, with net profit increasing by 65% to approximately $31.9 billion [3] - AMD shares are up by 5.19% following the announcement of a joint venture with Saudi AI company Humain to develop AI infrastructure in Saudi Arabia, aiming for a capacity of up to 1 GW by 2030 [3] Hardware Developments - Supermicro has launched a new air-cooled AI server featuring AMD Instinct MI355X GPU, leading to a stock increase of 5.87% [5] Nuclear Energy Sector - U.S. nuclear stocks are seeing pre-market gains, with Oklo up over 5% and Nano Nuclear up over 6% [4] Cryptocurrency Market - Kraken, a major cryptocurrency exchange, has reportedly submitted a confidential IPO application to the SEC, with plans to go public in the first quarter of next year [4] Semiconductor Industry - UBS has raised Micron Technology's price target from $245 to $275, maintaining a buy rating due to ongoing memory supply constraints expected to last until the end of 2026. Micron's revenue has grown by 48.85% over the past twelve months, with the stock up by 2.97% [4]

Core Insights - Companies are aiming to establish a connected fault-scale network by the early 2030s as part of their initiative towards creating a quantum-computing internet [1] Group 1 - The target timeline for achieving a connected fault-scale network is set for the early 2030s [1] - The overarching goal of the companies involved is to develop a quantum-computing internet [1]

Core Insights - IBM and Cisco Systems are collaborating to connect quantum computers over long distances, aiming to demonstrate the feasibility of this concept by the end of 2030 [1] Company Developments - The partnership between IBM and Cisco Systems signifies a strategic move towards advancing quantum computing technology [1] - The goal of linking quantum computers over long distances reflects the companies' commitment to innovation in the tech industry [1] Industry Trends - The initiative highlights the growing interest and investment in quantum computing as a transformative technology within the tech sector [1] - Demonstrating long-distance connectivity of quantum computers could pave the way for new applications and advancements in various industries [1]

Accessibility StatementSkip Navigation -Â New collaboration plans to unite strengths of both leaders to design a connected network of large-scale, fault-tolerant quantum computers, targeted by early 2030s-Â Companies plan to deliver an initial demonstration of multiple networked quantum computers within five years-Â Distributed quantum network could lay groundwork towards quantum computing internet defined by quantum computers, sensors, and communication in the late 2030s YORKTOWN HEIGHTS, N.Y. and SAN JOSE ...

Group 1 - Major stock indices futures are up, with Dow futures rising by 0.44%, S&P 500 futures increasing by 1.06%, and Nasdaq futures gaining 1.41% [1] - Star technology stocks are experiencing pre-market gains, with Tesla and Google up over 2%, and Meta, Amazon, and Microsoft rising by 1% [1] - Nvidia's stock has increased by 5.42%, reporting a record revenue of $57 billion for Q3 of fiscal year 2026, exceeding analyst expectations by over 3%. Revenue growth accelerated to 62% year-over-year, with net profit rising by 65% to approximately $31.9 billion [1] Group 2 - AMD's stock is up by 5.19% following the announcement of a joint venture with Saudi AI company Humain to build AI infrastructure in Saudi Arabia, targeting up to 1 GW capacity by 2030 [2] - Supermicro's stock has risen by 5.87% after launching a new air-cooled AI server equipped with AMD Instinct MI355X GPU, aimed at AI and inference workloads [2] Group 3 - Nuclear power stocks are generally rising, with Oklo up over 5% and Nano Nuclear up over 6% [3] - Kraken, a major cryptocurrency exchange, has secretly filed for an IPO with the SEC, planning to go public as early as Q1 of next year [3] - UBS has raised Micron Technology's price target from $245 to $275, maintaining a buy rating due to ongoing memory supply constraints expected to last until the end of 2026. Micron's revenue has grown by 48.85% over the past twelve months [3]