AMD plans to invest in PsiQuantum. The stock closed up 5.86%
SummaryAMD and PsiQuantum expanded their partnership to co-design computers for utility-scale quantum machines, and AMD plans an equity investment of undisclosed size. AMD shares closed at $585.30.
· MODEL Editors · 1 min read
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What happened. On Thursday, Nov. 12, PsiQuantum and AMD announced an expanded partnership (opens in a new tab) to co-design the computing infrastructure needed to run utility-scale, fault-tolerant quantum computers. They'll also work on hybrid applications that mix quantum, high-performance and AI computing.
The money. AMD said it plans to make an equity investment in PsiQuantum. Neither company disclosed how much, Reuters reported (opens in a new tab).
Who brings what. AMD contributes EPYC CPUs, Instinct GPUs, adaptive computing and its ROCm software. PsiQuantum brings its silicon photonics platform. The deal builds on PsiQuantum's earlier pick of AMD Versal FPGAs for its quantum computer work.
What they say already works. The companies say PsiQuantum's chemistry methods, running on AMD GPUs, produced "initial breakthrough results" simulating covalent inhibitors, a class of molecules relevant to cancer drug discovery. They also say they tuned PsiQuantum's machine-learning error-correction decoder, PRISM, for low-latency programmable hardware. Those are the companies' claims; MODEL hasn't checked them.
What's next. The two say they'll share more at SC26 in Chicago (Nov. 15-20), and may add a presence at the Illinois Quantum and Microelectronics Park, where PsiQuantum is the anchor tenant. Reuters noted the Commerce Department announced a $100 million deal with PsiQuantum in May as part of a $2 billion CHIPS Act quantum program.
The stock. $AMD closed Thursday at $585.30, up $32.40 or 5.86% from Wednesday's $552.90 close, per Nasdaq. In after-hours trading it was $583.50 as of 3:33 PM PT. The rise came the same day as the announcement; we can't say how much of it was the deal.
Our take. "Quantum" is doing a lot of work in headlines right now. The concrete part here is plain: PsiQuantum's software is running on AMD chips today, and AMD is putting in money. Usable fault-tolerant quantum computers are still ahead.
Disclosure: Not investment advice. Not sponsored. No affiliate links.
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Sources
- PsiQuantum and AMD Collaborate to Build the Computing Foundation for Utility-Scale Quantum Computing
Business Wire (PsiQuantum and AMD)
- AMD to invest in PsiQuantum to advance quantum computing infrastructure
Reuters via CNA
- AMD, PsiQuantum Expand Partnership to Co-Design Computing Infrastructure
Dow Jones via MarketScreener
- AMD stock quote
Nasdaq
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