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Elizabeth H. Volk

EXPLAINED: Is amd a top quantum computing stock to buy now | Rare Historical Photos

AMD IBM Advanced Micro Devices Semiconductor Nvidia

Advanced Micro Devices (AMD) stock is in the spotlight this morning, up more than 2% in premarket trading after an upgrade to “Buy” at Truist Securities. In a note to clients, the brokerage firm said that AMD has graduated from its former status as a “price check” against rival Nvidia (NVDA), with hyperscalers now “expressing true interest in deploying AMD at scale.” Truist also hiked its AMD price target to $213.

Separately, AMD announced a new partnership with IBM (IBM) to develop quantum-centric supercomputing solutions. The two tech giants will integrate AMD’s CPUs, GPUs, and FPGAs into IBM’s quantum computers to help accelerate a new class of emerging algorithms.

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