Overnight, U.S. stocks saw continued strength in quantum technology concept stocks.
Quantum Computing rose over 52%. This year, the increase has reached 25 times.
Previously, the company stated that it had signed a contract with NASA to promote quantum optimization in the aerospace sector.
Analysts noted that while it is difficult to pinpoint a clear catalyst for the appreciation of stocks in the quantum technology field during this period, there are indeed ongoing signs indicating that investments in quantum technology will continue to grow rapidly. Additionally, a U.S. Congressman recently proposed a bill authorizing the federal government to provide $2.7 billion in funding support for quantum technology.
WiMi Hologram Cloud (WIMI.US) surged 21%, as the company announced the development of a new design solution based on FPGA to simulate quantum computing concepts, aimed at providing a more practical and feasible approach for research and applications in quantum computing. The computation is based on quantum mechanics principles, using qubits for operations, and has the potential to surpass classical computers in solving certain specific problems.
According to reports, WiMi Hologram Cloud, as an important technology innovation enterprise in the development of cutting-edge technology industries, gathers new generation information technology and industrial applications, focusing on the research and development of high-end AI chips, and is laying out technology industry clusters in quantum computing, artificial intelligence, 6G communication, brain-computer interfaces, imaging and display, intelligent sensing, etc., aiming to drive disruptive effects in multiple fields and provide strong support for the development of quantum technology.
Quantum computing stocks have recently attracted attention following Google's announcement last week of the significant quantum chip, Willow. Bank of America analysts pointed out that although the applications of quantum computing are still in their early stages, the release of Willow has had a significant impact on market sentiment. U.S. Senator Maria Cantwell (Democrat from Washington) stated, &#34;Advancements in quantum science and technology will change the game. From breakthroughs in healthcare to clean energy solutions, quantum applications in sensing, computing, and communication will reshape our future.&#34;
According to news from the State-owned Assets Supervision and Administration Commission of the State Council of China on October 23, an article signed by the Party Committee of the State-owned Assets Supervision and Administration Commission published in &#34;Party Building Research&#34; stated that it is necessary to accelerate the cultivation and expansion of strategic emerging industries and future industries, proposing to proactively layout quantum technology.
Quantum Sector Hong Kong Stocks:
China Telecom (00728): Guodian Quantum has adjusted the number of shares issued to China Telecom Quantum Group to 22.4866 million shares. After this subscription is completed, China Telecom Quantum Group will hold approximately 21.86% of Guodian Quantum. As disclosed in the announcement, China Telecom Quantum Group has the right to control the board of directors of Guodian Quantum, and Guodian Quantum will become an indirect non-wholly-owned subsidiary of the company. According to applicable accounting standards, the financial performance of Guodian Quantum will be included in the group's consolidated financial statements

GOOG

GOOGL

WIMI

U.S. stocks related to quantum technology continue to strengthen, with Quantum Computing rising over 52%, and an annual increase of 25 times. The company has signed a contract with NASA to promote quantum optimization. Analysts point out that quantum investment will grow rapidly. WiMi Hologram Cloud surged 21%, announcing the development of new design solutions to simulate quantum computing. Google launched the quantum chip Willow, boosting market sentiment. U.S. senators stated that quantum technology will change the game and impact fields such as healthcare and energy. The State-owned Assets Supervision and Administration Commission mentioned accelerating the layout of quantum technology

- Quantum technology stocks have surged, with Quantum Computing rising over 52% this year, marking a 25-fold increase.  
- The company recently secured a contract with NASA to advance quantum optimization in the aerospace sector, while analysts note a growing investment trend in quantum technology despite unclear catalysts.  
- Additionally, U.S. lawmakers proposed a $2.7 billion funding bill for quantum technology, highlighting its potential to revolutionize various fields, including healthcare and clean energy.

Zhitong

Alphabet - C

Alphabet

WiMi Hologram Cloud - Class B

QuantumCTek

SOLAREAST

Dark Horse

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Huakang Clean

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Realcan

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SRBG

MOG DIGITECH

HAIER BIOMEDICAL

CHINA TELECOM

SXXC

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WHOLE SHINE MEDICAL

JovoEnergy

Hong Kong Stock Concept Tracking | US Stock Quantum Technology Concept Stocks Continue to Strengthen China’s Advanced Layout in Quantum Technology (with Concept Stocks)