Advanced Micro Devices Inc. (AMD) Partners with IBM to Advance Quantum Computing Technology

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the top stocks to buy on Robinhood right now. On August 26, the company confirmed a strategic partnership with IBM to focus on advancing quantum computing technology.

The two companies are partners in the development of next-generation computing architectures that rely on a combination of quantum computers and high-performance computing. The ultimate goal is to combine IBM’s expertise in developing quantum computers with Advanced Micro Devices’ high-performance computing capabilities and AI accelerators.

“By exploring how quantum computers from IBM and the advanced high-performance computer technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing,” IBM Chief Executive Arvind Krishna said in the news release.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a technology company that designs, develops, and sells high-performance semiconductor products, including central processing units (CPUs) and graphics processing units (GPUs), for the data center, PC, gaming, and embedded markets.

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Disclosure: None. This article is originally published at Insider Monkey.