Advanced Micro Devices Inc. (AMD) Partners with IBM to Advance Quantum Computing Technology

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the top stocks to buy on Robinhood right now. On August 26, the company confirmed a strategic partnership with IBM to focus on advancing quantum computing technology.

Advanced Micro Devices Inc. (AMD) Partners with IBM to Advance Quantum Computing Technology

The two companies are partners in the development of next-generation computing architectures that rely on a combination of quantum computers and high-performance computing. The ultimate goal is to combine IBM’s expertise in developing quantum computers with Advanced Micro Devices’ high-performance computing capabilities and AI accelerators.

“By exploring how quantum computers from IBM and the advanced high-performance computer technologies of AMD can work together, we will build a powerful hybrid model that pushes past the limits of traditional computing,” IBM Chief Executive Arvind Krishna said in the news release.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a technology company that designs, develops, and sells high-performance semiconductor products, including central processing units (CPUs) and graphics processing units (GPUs), for the data center, PC, gaming, and embedded markets.

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Disclosure: None. This article is originally published at Insider Monkey.