Even with the decline of the U.S. stock market and the cooling of the Santa Claus rally, the momentum of the quantum computing concept remains strong.
On December 28, Eastern Time, the three major U.S. stock indices all closed lower, with the S&amp;P 500 and Nasdaq dropping over 1%. However, the Chinese concept stock WiMi Hologram Cloud Inc. surged by 77.5%, reaching a new high in over two years.
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Before the stock price soared, WiMi Hologram, which focuses on developing holographic augmented reality (AR) technology, announced the development of a quantum technology-based Quantum Random Access Memory (QRAM) architecture aimed at improving data processing efficiency in quantum systems. This new technology announcement is seen as WiMi Hologram's effort to position itself in the quantum computing industry, reflecting investors' positive bets on areas expected to play a significant role in quantum computing.
According to WiMi Hologram's announcement, the QRAM architecture it developed successfully implements basic logical operations in quantum logic gates, such as AND, OR, NOT, and NOR gates, by combining key fundamental operations in quantum computing, such as Controlled-NOT (CNOT), V gates, and V+ gates, to perform the basic logical operations required for building quantum circuits.
The announcement states that QRAM is a memory architecture specifically designed for quantum computing environments, with the core goal of achieving efficient read and write of information while maintaining the state of the quantum system. The design of QRAM aims not only to leverage the parallel processing capabilities of quantum computing but also to significantly enhance computational efficiency by utilizing quantum properties such as superposition and entanglement.
The announcement states that WiMi Hologram's QRAM design is intended to seamlessly integrate with quantum computers. Since quantum computing operations rely on the superposition and entangled states of qubits, the QRAM system demonstrates high compatibility when connecting to a Quantum Processing Unit (QPU). This design ensures smooth transmission of qubits between memory and processors during data access, significantly improving computational efficiency.
The surge in WiMi Hologram's stock price is another reflection of the popularity of quantum computing concepts in the U.S. stock market at the end of the year. Earlier this month, Google's Willow quantum chip made a significant breakthrough by achieving a dramatic reduction in error rates as the number of qubits increased, solving problems that would take supercomputers approximately 1 billion years to resolve in just 5 minutes. Following this announcement, the stock price of Google's parent company Alphabet rose, driving related quantum computing stocks to soar.
华尔街见闻 previously mentioned that quantum computing stocks had already surged on Thursday, with Rigetti Computing, dubbed the Nvidia of quantum computing, leading the charge with a 36% increase; D-Wave Quantum and Quantum Computing rose by 24% and 12.5%, respectively
Analysts indicate that this exciting surge highlights the market's confidence in quantum computing becoming a transformative force across industries. Currently, quantum computing is on a rapid growth trajectory, and experts expect that as the technology matures, its potential for efficiently solving complex problems and computing capabilities will further expand.
Among various industries, pharmaceuticals (drug discovery), finance (financial modeling), and logistics (supply chain optimization) are expected to become early application areas for quantum technology

WIMI

WiMi Hologram Cloud stated that it has developed a quantum technology-based Quantum Random Access Memory (QRAM) architecture aimed at improving data processing efficiency in quantum systems. The surge in WiMi Hologram Cloud's stock price reflects investors' active bets on areas expected to play a significant role in quantum computing

- Despite a decline in major U.S. stock indices, the quantum computing sector remains robust, highlighted by WiMi Hologram Cloud Inc.'s stock surging 77.5% after announcing a new quantum technology.  
- The company introduced a quantum random access memory (QRAM) architecture aimed at enhancing data processing efficiency in quantum systems, integrating key quantum operations for improved logic gate functionality.  
- Analysts express confidence in quantum computing's potential to transform various industries, including pharmaceuticals, finance, and logistics, as the technology matures and expands its capabilities.

Wallstreetcn

WiMi Hologram Cloud - Class B

Biwin

VanEck Semiconductor ETF

HUA HONG SEMI

LONGSYS

Direxion Semicon Bull 3X

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

YieldMax NVDA Option Income Strategy ETF

Quantum

Puya semiconductor

Alphabet - C

Alphabet

The concept of quantum computing is trending again, and Chinese concept company WiMi Hologram Cloud officially announced the development of QRAM, with its stock price soaring nearly 80% in one day