Recent developments in the AI chips arena highlight significant investments in Classiq, a leader in quantum computing software. With tens of millions in new strategic funding from prominent industry players such as AMD Ventures, Qualcomm Ventures, and IonQ, Classiq has now secured over $200 million in total funding. This infusion of capital underscores the growing confidence in Classiq’s enterprise-grade software platform, which aims to facilitate the seamless integration of quantum and classical computing systems. As quantum hardware matures, Classiq is focused on making quantum computing more accessible and scalable through its innovative AI-driven software solutions. The backing from both technology and financial giants emphasizes the critical role of software in the evolving landscape of quantum computing applications.

Elsewhere in the market, Jentech Precision Industrial was trading firmly up 3.8% and finishing the session at NT$2,570.00, close to the 52-week high. Two days ago, the company announced a significant increase in third-quarter earnings, with net income rising from TWD 770.39 million to TWD 1,355.93 million. In the meantime, Kioxia Holdings lagged, down 23% to end trading at ¥10,025.

Qualcomm’s strategic shift into AI, automotive, and IoT industries aims to rapidly diversify and strengthen its growth potential. Discover the full story and insights behind Qualcomm’s strategic journey by clicking through to our detailed narrative.

For more on this topic, seize the opportunity to read our Market Insights article discussing the dominant role of AI chips in recent market dynamics and potential risks from concentrated investments.

Micron Technology settled at $236.95 down 3.2%. On Thursday, the company announced the shipment of its advanced automotive UFS 4.1 storage solution, featuring significant speed, endurance, and thermal improvements for AI-driven automotive applications.

NVIDIA settled at $186.86 down 3.6%.

Intel ended the day at $35.91 down 5.2%.

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