The Dow, S&P 500, and Nasdaq climbed to record highs in intraday trading Friday after a flurry of strong corporate earnings and the release of a cooler-than-expected inflation report.
Shares of Advanced Micro Devices jumped on a report that IBM can utilize the company's chips to run certain quantum computing algorithms. IBM plans to launch a quantum computer by 2029 and announced a partnership with AMD in August.
Many artificial intelligence stocks are significantly overpriced after soaring to questonable heights. The stocks listed here trade at modest earnings multiples and possess some exciting growth potential.
Advanced Micro Devices has a ton of potential -- and it's performing better than Nvidia this year. Symbotic provides robotics and an AI platform to help companies automate their warehouses.
IBM said on Friday it is able to run a key quantum computing algorithm on commonly available chips from Advanced Micro Devices , in a step toward commercializing super-powerful computers.
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