US Stock Market Move | Joining hands with Cisco Systems, Inc. (CSCO.US) to build a fault-tolerant quantum computing network, IBM (IBM.US) rose more than 3.5%.

On Thursday, the stock prices of IBM(IBM.US) and Cisco Systems, Inc. (CSCO.US) rose, with gains of over 3.5% and 1.75% respectively at the time of writing. On the news front, both companies had announced earlier that they would collaborate to design an interconnected network of large-scale, fault-tolerant quantum computers, with the goal of achieving the first conceptual verification around 2030 and laying the foundation for building a "quantum computing internet" in the late 2030s. This collaboration is seen as a key step in advancing quantum computing from single machines to a "multi-machine co-era". The two companies stated that over the next five years, they will jointly demonstrate a network prototype that connects multiple independent large-scale fault-tolerant quantum computers to collaboratively perform computations. This network will allow quantum computing tasks to scale to tens of thousands or even hundreds of thousands of quantum bits, enabling ultra-large-scale computations that traditional single machines cannot handle. According to the two parties, through this distributed network architecture, quantum computing will be able to run complex programs with billions of quantum gates. This is crucial for solving large optimization problems, advanced material design, drug development, and other cutting-edge applications. Jay Gambetta, Director of IBM Research, stated: "Collaborating with Cisco Systems, Inc. to explore how to connect multiple quantum computers into a distributed network will further expand the capabilities of quantum computing."