Alphabet Inc., the parent company of Google, has reported over a 30% increase in its stock value since hitting a low in September 2024.

This rise follows the announcement of a significant advancement in its quantum computing technology, enabled by its Willow chip.

This achievement has positively influenced the stock performance of other companies in the quantum computing sector, including Quantum Computing Inc., Rigetti Computing Inc., D-Wave Quantum Inc., and IonQ Inc.

Recent Alphabet developments