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Google (GOOG) stock rose more than 4% midday Tuesday after the company unveiled a new chip the day before that it says is a breakthrough in quantum computing, an emerging technology thought to one day replace its conventional counterpart.
Google said Monday in a blog post that a mathematical equation that would take a classical supercomputer longer than the whole history of the universe — 10 septillion years — to solve takes only five minutes using a quantum computer powered by its new chip, Willow.
Shares of Google parent Alphabet rose as much as 6% early Tuesday before paring gains.
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