Is Quantum Computing a Reason to Buy Alphabet Stock?

Shares of Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shot nearly 6% higher after the company announced the release of a quantum computing chip. On Monday, Dec. 9, the company made public its Willow quantum computing chip, claiming it could solve a problem in five minutes that would take more time than the history of the universe on a traditional computer.Nonetheless, what may be more important to investors is the implications for its stock. While the direct effects of quantum computing on Alphabet stock are unclear, the breakthrough could reassure investors about the Google parent's ability to transform the company. Here's how.Despite a gain of over 35% for the year for Alphabet stock, the company has appeared to struggle over the last couple of years. The rise of ChatGPT has led to fears that the company's Google search engine may become obsolete.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool