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Google cuts quantum computing error rate 40-fold, boosting future tech potential.

Market News
16 Oct 2026
24/7 Wall Street
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Bullish
Google cuts quantum computing error rate 40-fold, boosting future tech potential.

Google Quantum AI demonstrated a new technique on its Willow processor that reduces quantum computing errors by 40 times, achieving 99.99% logical fidelity in producing "magic states" essential for complex quantum calculations. This breakthrough could significantly lower the size and cost of future quantum machines, although practical large-scale application is still needed. While this advance is promising for long-term quantum computing development, Alphabet's current valuation and stock performance remain driven mainly by its core businesses like Google Cloud. Investors should watch for continued cloud growth to support the stock, as quantum computing remains a distant but exciting prospect.

As of Oct 16, 2026 18:31 WIB, Alphabet Inc Class A (GOOGL) shares trade at USD 350.16 with a 1-day gain of 0.27%, while Google Inc (GOOG) is priced at USD 345.57, up 0.19% on Pluang. Despite the promising quantum computing breakthrough, the market continues to focus on Alphabet's core businesses, reflected in a combined market cap of $4.25 trillion. Pluang users show mixed sentiment with 61% buying GOOG shares but 62% selling GOOGL shares, highlighting varied investor perspectives on the stock's near-term outlook.

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Anthropic's 50% quarterly growth challenges big tech's AI valuations, unlike Microsoft’s slower pace.

Anthropic's 50% quarterly growth challenges big tech's AI valuations, unlike Microsoft’s slower pace.

Anthropic reported a 50% revenue growth quarter over quarter, reaching $16.8 billion, with projections suggesting its 2027 revenue could surpass $100 billion. This rapid expansion positions Anthropic as a major player in AI, potentially valuing its I...

Market News
Neutral
1 day ago
Alphabet to report Q3 earnings Oct 28 with shares steady but down 2% since Q2 update

Alphabet to report Q3 earnings Oct 28 with shares steady but down 2% since Q2 update

Alphabet, Google's parent company, will announce its Q3 earnings on October 28. Shares have been mostly flat over the past month and have declined about 2% since the previous update before the Q2 results. The outlook remains positive due to Alphabet'...

Company Fundamentals
Neutral
1 day ago
Google's AI investments push cash flow negative but Wall Street remains bullish with 20%+ upside potential.

Google's AI investments push cash flow negative but Wall Street remains bullish with 20%+ upside potential.

Google reported strong revenue growth with a 24.2% increase to $119.80B and an 82% rise in Google Cloud revenue to $24.77B. However, heavy AI-related capital spending doubled capex to $44.92B, causing free cash flow to drop to -$5.86B and long-term d...

Analyst Insights
Bullish
1 day ago
Anthropic reports adjusted profit ahead of planned IPO, boosting Alphabet and Amazon stakes.

Anthropic reports adjusted profit ahead of planned IPO, boosting Alphabet and Amazon stakes.

Anthropic announced it achieved adjusted profitability in the third quarter with $16.8 billion in revenue, signaling strong financial progress ahead of its expected IPO by year-end. The AI startup's IPO could significantly impact its major investors,...

Market News
Neutral
1 day ago
Google launches Gemini 4 Argon AI with coding tools and app integrations to boost productivity.

Google launches Gemini 4 Argon AI with coding tools and app integrations to boost productivity.

Google has introduced Gemini 4 Argon, its latest AI assistant model, available globally to Google AI Pro and Ultra subscribers. This model supports complex workflows like analyzing financial reports, creating presentations, and building 3D models. Go...

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Bullish
2 days ago
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